Why is interest rate higher for Full-Timers
The other day I received an email from the “Good Sam Finance Center” that many of you may have received as well. Just out of curiosity I looked at the interest rates and there were four different cat...
Forum Discussion
Hi guys,
Two excellent and valid points...
kcmoedoe said: "The collateral value will also be less. A fulltimer, by definition, is in the rig all the time. Wear and tear will be greater and mileage higher."
I hadn't thought of that and you are certainly right...
NYCgrrl said: "Roots in a community are a primary part of the credit history process which is why one of the first questions on most any application is where do you live? how long? and if less than 1-2 years where did you live before?"
Another very good point and I thank you both for your great comments!
Harry
Two excellent and valid points...
kcmoedoe said: "The collateral value will also be less. A fulltimer, by definition, is in the rig all the time. Wear and tear will be greater and mileage higher."
I hadn't thought of that and you are certainly right...
NYCgrrl said: "Roots in a community are a primary part of the credit history process which is why one of the first questions on most any application is where do you live? how long? and if less than 1-2 years where did you live before?"
Another very good point and I thank you both for your great comments!
Harry
