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Old 07-30-2012, 08:41 AM   #9
Xmicro_SS
Thank You GM
 
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Drives: Sky Redline & Camaro 2SS/RS
Join Date: Mar 2009
Location: Las Vegas, NV
Posts: 2,876
Credit score means less and less these days. With many peoples money tied up in there homes and those homes being worth less than half what they owe, in many cases, seemingly low risk people wind up walking away and killing their credit. A car loan is much less risky then revolving credit because you have collateral........the car. Most of the loss is mitigated in repossession. Talk to the credit card companies.

The bottom has yet to fall out in this country, but it will. No president will stop it, as it is too late. We are headed into a crisis that I bet will make the depression look like a line at the movie theater. I hope I am wrong, but I doubt it. GM and many others are at fault, especially the banking system, it is a house of cards!
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