I personally beleive that banks and finance companies bring these probelms on them selves. I good frind of mine with a low 500 credit score just bought a bike. He already knows he will have to make payments late as things are slow at work and overtime is scarce. I don't see why a finance company would loan people with low credit scores money to buy something they don't need such as a recreational vehicle. It just doesn't nake good business sense to me. your credit gets low (most of the time) by missing payments and makeing them late, how driven is someone going to be to make payments on something they don't even need.

Rant Off

Re'

 

Debt protection = Policy if something happens you lose your job you can use your debt protection to get 6 months of your payments made to give you some time to find another job. Rules apply, must be eligible to get unemployment and you have a certain amount of time to use it after you lose your job. If for some reason you your debt protection is not used like in my case, that 1400.00 is shot in the rear.

Ride safe.

 

Tom from http://harleygoodies.com/ here. No worries from me as my bikes are all paid for. At least the repo man still has a job.

Regards,
Tom
Harley Goodies

 

Reason why so many people are credit card rich then when they cant pay they say **** it..