Is credit really that tight?

[CA renter]

Absolutely spot-on!

Credit is very loose right now, even if it is somewhat tighter than a couple of years ago. Just because a borrower can’t walk in and get a $500K loan — with a 550 FICO score, no assets and unverified income — does not mean credit is unavailable.

We’ve bought a few expensive things in the past couple of months, including a new vehicle (all paid off, but we use credit for the initial purchase), and credit was never a problem.

Agree with you about loan pricing too, BTW. We should be seeing double-digits for medium-risk loans, especially when you consider all the financial turmoil going on right now.

[j]

I think they just check to see if somebody is qualified for a loan now. Remember you could get a loan without a job, down payment, or any assets about a year ago. Of course some standards is tighter than no standards.

[j]

I think they just check to see if somebody is qualified for a loan now. Remember you could get a loan without a job, down payment, or any assets about a year ago. Of course some standards is tighter than no standards.

[j]

I think they just check to see if somebody is qualified for a loan now. Remember you could get a loan without a job, down payment, or any assets about a year ago. Of course some standards is tighter than no standards.

[j]

I think they just check to see if somebody is qualified for a loan now. Remember you could get a loan without a job, down payment, or any assets about a year ago. Of course some standards is tighter than no standards.

[j]

I think they just check to see if somebody is qualified for a loan now. Remember you could get a loan without a job, down payment, or any assets about a year ago. Of course some standards is tighter than no standards.

[paramount]

Of course your new car was paid off in a couple of months – this is Piggy Fantasy Island.

I would expect nothing less.

[paramount]

Of course your new car was paid off in a couple of months – this is Piggy Fantasy Island.

I would expect nothing less.

[paramount]

Of course your new car was paid off in a couple of months – this is Piggy Fantasy Island.

I would expect nothing less.

[paramount]

Of course your new car was paid off in a couple of months – this is Piggy Fantasy Island.

I would expect nothing less.

[paramount]

Of course your new car was paid off in a couple of months – this is Piggy Fantasy Island.

I would expect nothing less.

[tc]

Just bought a car for 0 down with 0% interest for 3 years. Could have paid in full for it. But I like the fact that I can keep my money and let it earn interest for me.

[tc]

Just bought a car for 0 down with 0% interest for 3 years. Could have paid in full for it. But I like the fact that I can keep my money and let it earn interest for me.

[tc]

Just bought a car for 0 down with 0% interest for 3 years. Could have paid in full for it. But I like the fact that I can keep my money and let it earn interest for me.

[tc]

Just bought a car for 0 down with 0% interest for 3 years. Could have paid in full for it. But I like the fact that I can keep my money and let it earn interest for me.

[Author]

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