Quote: Originally Posted by
DavidS
The stock market, unfortunately, doesn't provide an index for interest rates that banks charge each other. It tripled overnight and the credit market has all but frozen. Who gives a shit about 30 stupid companies... the banks are swimming in debt and people can't get loans.
In the last three weeks, I got a $11,500 car loan, a $16,750 unsecured line of credit, a $32,000 home equity loan, and an increased credit limit on a Bank of America card with an 8.9% APR from $9,500 to $16,000.
So who is not getting a loan these days? Some fools with a 600 credit score? Good, they SHOULDN't be getting them.... Folks like me (with 750+ credit ratings) can get most any loan we want, TODAY.