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Old 07-30-2012, 08:45 AM   #11
Kiss My SS
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Drives: 2012 Camaro 1SS/RS
Join Date: Jun 2012
Location: Naples, Florida
Posts: 481
Quote:
Originally Posted by Xmicro_SS View Post
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!
Without going into politics I have to say your correct...
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