@Anonymous wrote: The more you put down the looser a bank's purse strings get.
+1
We were looking to put $2000 down on a 10K loan recently and they countered with $3000. If you have risky credit sometimes you have to bite the bullet and do it. The more you put down the more serious you seem to them because if you dont pay you lose more money. You would fight harder to keep a car if you put $4000 down than if you got it for $0 down or $1000 down is their attitude and seems to work statistically as well. That is the price a rebuilder has to pay.
And I have risky credit. I am learning in ,y 20s which I am glad. I cant change the past and the problems that Ive had however I am working to fix them and that is what counts. I just want to be smart about what Im doing as well.
