November 9, 2007
A client of mine is struggling to find a lender that will offer him credit so he can purchase a car. He is very young in the credit world and therefore hasn’t established much of it. The question he asked me is, “How can I build credit if now one will issue me any?”
That’s a [...]
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November 9, 2007
Banks don’t have concrete loan policies. Banks do have some general lending guidelines but they change frequently based on a number of factors. One factor is the past performance of loans. If a bank has been burned by a large percentage of their clients on certain loan products, they will either tighten [...]
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