Posted by shawnspeed3 on July 27, 2013 at 13:52:32 from (70.210.65.122):
In Reply to: Gotta laugh or cry posted by rrlund on July 27, 2013 at 13:35:22:
A neighbor by me had a similar problem...he gave his son a couiple acers of the farmstead to put a house on for his young family....Kid had saved enough money to buy all the material to rough in the house including well & septic. Kid had only worked on dad's farm , and odd cash jobs for neighbors. He went to the bank to get a loan to finish the inside of the house...basically 15K , was putting the property up as security(was appraised at 60K + just for the acreage) DENIED....not enough job history...so Dad went to the bank he has been dealing with for 40 years...had several loans thru them ...all payed early, had cash in saving & checking....Denied....lack of credit history...due to no current loans and or credit cards...the last loan he had was paid in full 2 years early and it had been over 10 years....Kid ended up getting an off farm job, and got a high interest loan to finish the house...and he also paid off the loan early....Cash is King....unless you need a credit card, and then no credit history is worse than a bad one....Shawn :oops:
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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