[quote="Crackaces"]
Quote:
Hmmm The really good rates do not start until 760. At 700 you will be more likely to get a loan and will not pay excessive interest rates to borrow money -- but in researching this my bank would extend me a business loan secured by collateral at 5 points above prime with a credit score of above 760. A standard commercial truck loan for a used truck was 14%.APR 20% down.
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Dude, you need to change your bank.
When they were offering ZERO percent financing on autos, the big three automakers used a cutoff of a 720 FICO score.
Better yet, get a home equity line of credit at 7% (or whatever) and write the interest expense off as a tax deduction, which is perfectly legitimate.
-- ct