Well, the paperwork for the Accord is finally finished. It's a long story, but suffice it to say the dealership was letting us drive the car without us actually owning it this past weekend. But as of about 7:00pm last night, we officially owned the thing. Well, the bank owns it. We're paying them back for it. Whatever.
Anyway...we actually heard the following phrase last night:
"It's not that you two have bad credit. You just haven't borrowed enough money."
Wha...wha...wha...what? Because we're not up to our ears in debt, we're not going to get a lower interest rate. The logic behind this just ASTOUNDS me. We've both got over $25,000 in student loans. That's not ENOUGH? What IS enough? A mortgage? Well, following the logic dictated by last night's revelation - we won't GET a good mortgage because we don't already have one. Because, after all, you apparently can't loan a large amount of money cheaply unless you already HAVE loaned a large amount of money.
I think my head might just explode.
Anyway...we actually heard the following phrase last night:
"It's not that you two have bad credit. You just haven't borrowed enough money."
Wha...wha...wha...what? Because we're not up to our ears in debt, we're not going to get a lower interest rate. The logic behind this just ASTOUNDS me. We've both got over $25,000 in student loans. That's not ENOUGH? What IS enough? A mortgage? Well, following the logic dictated by last night's revelation - we won't GET a good mortgage because we don't already have one. Because, after all, you apparently can't loan a large amount of money cheaply unless you already HAVE loaned a large amount of money.
I think my head might just explode.
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