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Is anybody having trouble getting a loan?
My bad self | September 26, 2008 | My bad self

Posted on 09/26/2008 6:07:53 PM PDT by Tolerance Sucks Rocks

I keep hearing about how people are starved for loans, and that we'll have a credit freeze if the bailout passes. However, I bought a new car yesterday evening, and I was able to get quick financing from Honda. I therefore submit unto you all this question: are you or anybody you know having trouble getting a loan?


TOPICS: Business/Economy
KEYWORDS: financing; greatdepression2; loans; meltdown
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I'm simply interested in seeing if the media and government are creating the "loan difficulty" meme from whole cloth.
1 posted on 09/26/2008 6:07:54 PM PDT by Tolerance Sucks Rocks
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To: Tolerance Sucks Rocks

I got a new credit card yesterday. No problem. Migrating the old balance onto the new one and closing the old one.


2 posted on 09/26/2008 6:09:21 PM PDT by dynachrome (Henry Bowman is right)
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To: 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ALlRightAllTheTime; ...

Trouble getting loans, anyone?


3 posted on 09/26/2008 6:09:47 PM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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To: Tolerance Sucks Rocks

Loan problems are predicated upon future bank failures which we have started to see with the WAMU collapse.

Also companies like Honda and GM and whatnot are big enough to have their own independent financing arms.


4 posted on 09/26/2008 6:10:06 PM PDT by DiogenesLaertius
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To: TxDOT; 1066AD; 185JHP; Abcdefg; Adrastus; Alamo-Girl; antivenom; AprilfromTexas; B4Ranch; B-Chan; ..

To TTC ping list: are any of y’all having trouble getting a loan?


5 posted on 09/26/2008 6:10:43 PM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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To: dynachrome

I am a real estate agent and I can tell you that several of my clients have not been able to get financing, and they are earn a moderate income.


6 posted on 09/26/2008 6:11:22 PM PDT by sociallyunacceptable (Charlie's tax problem)
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To: Tolerance Sucks Rocks

My house has been on the market since January. Realtor says its hard for buyers to get financing. For cryin’ out loud. I’m only asking 142k, down from 165k.


7 posted on 09/26/2008 6:11:43 PM PDT by uptoolate (I will be voting for a real conservative, and she just arrived)
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To: Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ...

To “Freak State” list: any trouble getting loans in Murland?


8 posted on 09/26/2008 6:11:59 PM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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To: Tolerance Sucks Rocks

No trouble at all — we pay cash or we don’t get _____ (fill in the blank).


9 posted on 09/26/2008 6:12:53 PM PDT by Cindy
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To: 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; America_Right; ...

To GW list:

Would Al Gore or James Hansen ever have trouble getting a loan? Of course not. What a silly question. But how about you?


10 posted on 09/26/2008 6:13:35 PM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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To: Tolerance Sucks Rocks

Still getting those offers for new credit cards in my my mail box.


11 posted on 09/26/2008 6:13:38 PM PDT by mdittmar ((May God watch over those who serve,and have served,to keep us free))
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To: sociallyunacceptable

what kind of down payment do they have?


12 posted on 09/26/2008 6:14:12 PM PDT by Pontiac (Your message here.)
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To: Tolerance Sucks Rocks

I have no need of a loan but I’m still getting a dozen or more spam emails daily, offering me low interest credit cards reguardless of my credit rating.


13 posted on 09/26/2008 6:15:54 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: mdittmar

I got THREE pre-approved offers for THREE different gas cards in the mail on a single day. Coincidence? I think not.


14 posted on 09/26/2008 6:16:20 PM PDT by Trust but Verify ( All others Palin comparison!!!)
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To: Tolerance Sucks Rocks

no trouble at all . got too much credit. the more i say i dont want it the more they try to give me.


15 posted on 09/26/2008 6:17:32 PM PDT by dalebert
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To: Tolerance Sucks Rocks

no trouble at all . got too much credit. the more i say i dont want it the more they try to give me.


16 posted on 09/26/2008 6:17:49 PM PDT by dalebert
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To: Tolerance Sucks Rocks
WE were turned down by our bank for a home equity loan of 50K on a 200K house with no loan on it. Went across the street to a bank we had never had an account with and got the loan without issue. We do have excellent credit.
17 posted on 09/26/2008 6:18:00 PM PDT by SoftwareDeveloper
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To: Tolerance Sucks Rocks

I’m trying to get a loan for 250k, no money down at 2% interest.

No go so far.


18 posted on 09/26/2008 6:18:15 PM PDT by Nachoman (Think of life as an adventure you don't survive.)
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To: sociallyunacceptable
I am a real estate agent and I can tell you that several of my clients have not been able to get financing, and they are earn a moderate income.

Are these clients creditworthy, under "old school" credit standards? Down payment, debt to income, payment history, employment history, assets?

19 posted on 09/26/2008 6:19:59 PM PDT by RegulatorCountry
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To: Tolerance Sucks Rocks
I'm simply interested in seeing if the media and government are creating the "loan difficulty" meme from whole cloth.

There will always be loans in a free market, for the right price.

I vote with the "whole cloth" theory.

They need to let the market work.

20 posted on 09/26/2008 6:20:49 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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