The last few years have really put a dent in lending to house owners, car owners, small business people as regulations tightened, banks became fearful, and borrowers foreclosed on house.
One wonders whether upfront rates like those on rv financing are actually what typical customers will end up paying, given the climate of fear, unemployment and undoubtedly longer boat/rv resale times.
And the ambiguity goes a little further when finance sites publish quixotic sentences like this:
Do you require a minimum credit score?
No, however you must have excellent credit and
this typically means a minimum credit score of 690
If ‘must have’ doesn’t mean ‘required’, then I’m puzzled.
Rephrase: But you are required to have excellent credit. This typically means a minimum credit score of 690."
Rephrase: "But you are required to have … typically a minimum credit score of 690."
In other words, you aren’t required to have a minimum credit score, but you are required to be at least 690. Weird. Did I read that wrongly?