Maintaining Interest

It is great that the interest rate has been lowered (“Key Fed Rate Cut to 40-Year Low,” Nov. 7). However, that does not help anyone with blemishes on his/her credit report. This is something that needs to be looked into, because if the economy is to be jump-started, we should look into overhauling the way that information is kept; things take seven years to get off your report, and even if you pay them off they still list them as negative items. I think that will really do a great deal to get people purchasing once again.

Viola Whitson

Los Angeles

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Regarding the Fed rate cut: What is Fed Chairman Alan Greenspan going to do when the interest rate is zero?

Jim Heyne

Lakewood