J asked:
I have been watching a lot of CNBC and you see all over the news about the current economic crisis. It looks like we are in a credit crunch, and I have heard its affecting getting any kind of credit.
I have been watching a lot of CNBC and you see all over the news about the current economic crisis. It looks like we are in a credit crunch, and I have heard its affecting getting any kind of credit.
I want to purchase a used car. My credit score is far from great! It is right around 590. I was prepared to pay a high interest rate prior to the economic crisis, but now I am concerned I wont even be able to get a car.
I was looking at purchasing something for around 12-15k and putting 10-20% down. What are my options? What can I expect? Any links the news articles or real world examples appreciated, and any relevant references or resources in concern to CURRENT loan practices.
I knew what to expect two months ago, but I want to know what to expect TODAY! And references or real world experience backing up your statements.
Keep the smart ass comments to yourselves! Thanks! =)
Joel
