'Aargh!' because my husband and I were planning to buy him a work truck & trailer this month- a score dip for any reason is really not what I needed right now... especially one that might dump us into a higher interest rate bracket. I'm figuring that my scores will be the main ones they look at, as I have both the higher and more documentable (i.e., salary/W-2 instead of 1099-contractor) income.
I know it's probably good long-term, but short-term it really stinks! He needs the truck, but now I'm wondering if it's going to happen- talking with the bank, they don't want to finance a 2001 Tahoe + box trailer for more than 36 months due to the age of the truck- and that's without pulling our credit yet...
Hmmm- I wonder if there are any places that would do "business" financing with better terms for an independent contractor?
Message Edited by MsMS on 01-12-2008 07:55 AM