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> Credit is locking up (try getting an unsecured loan) Yep. Wife works for one of the big banks. They stopped taking applications for personal lines of credit
by UncleOxidant 7y ago
> Credit is locking up (try getting an unsecured loan)
Yep. Wife works for one of the big banks. They stopped taking applications for personal lines of credit this week. Stopped taking HELOC applications a couple of weeks ago.
- selimthegrim 7y agoUSBank was pushing these pretty heavily last week (the offer was only supposed go through end of April but they had extended it)
- tjr225 7y agoI was able to get an unsecured loan with a low interest rate for a classic car within a few hours after I applied.
- x86_64Ubuntu 7y agoWouldn't the parameters for a car loan be wildly different than for a home loan or for a personal line of credit that's unsecured?
- tjr225 7y agoI don’t know, just throwing in my anecdote that it was really easy for me to get unsecured credit last week.
- intopieces 7y agoA classic car is secured by the car, right?
- tjr225 7y agoNo, with an unsecured loan I hold the title- not a lien holder(lender). I would probably be taken to court if I defaulted. I think I am fortunate that my credit is good enough to get the loan, however.