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Bringing together leading experts to discuss credit, loan, debt and identity theft topics, CreditBloggers provides readers with unique insight and straight answers about the financial world.

Funny Money Friday: Risky Business

Posted on 09/14/2007 18:13:37 | Link | Post Comment

Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

The credit crisis has forced many homeowners to get creative with their finances. People might be taking on second jobs, selling things on eBay or even renting a room as a way to cope with a rising mortgage payment.

One couple in New York took this to the extreme. Mortgage brokers, Robert Wener and Meather Mazzenga, got creative when they were unable to sell their house even after dropping the price $175,000. They were unsuccessful in trying to rent it out as well.

Until the couple turned their unsold three-bedroom home into a brothel.

How&39;s that for an innovative way to make the mortgage! The couple were arrested this week and charged with promoting prostitution. Have a great Friday!

Emily DavidsonCredit.com&39;s Communication Director and former TransUnion credit expert. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

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