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
Foodsman wrote:
tatest said: Substitute "itinerant" or "drifter" for "full timer" and think again about the question. You'll find many other lenders making that connection, and will not make a loan at any rate.
Wow, I've been lurking around the forum for just over a month now and this is the first time I've seen Full-Timers as "drifters, deadbeats" or worse... I always thought a Full-Timer was a choice, especially by retired folks, as a way to enjoy life and see this great country of ours.
A DEADBEAT, WoW I would think there are some who would not agree or appreciate that association.
Harry
I did not say "deadbeat" and did not so categorize full timers. But loan committees look at people without a fixed location differently than those tied to real property. It is a fact of life in our society.
