Quote:
Originally Posted by GMUBunny
A friend of mine works for a used car dealership and he says they've seen an influx of doctors, lawyers, accountants, etc. who normally are prime new car shoppers. They miss one appliance payment or send it in late and all of a sudden no lender wants to touch them for a new car loan. It's craziness, not just you.
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It's the pendulum swinging too far the other way.
They were so loose with lending in the early 00's (Suggest an abbreviation) that now they are ridiculously stringent.
Hopefully everything will level out again.