Look at the large picture. The higher the risk, the higher the reward must be for someone to lend money regardless of whom it is.That way if someone in that pool of borrowers defaults, the lender has some chance of staying in business and keeping the bank examiners happy.Chances are, if you keep your payments on time they may give you a new loan in a few years. Have you tried at Farm Credit Services? Right now bankers are VERY conservative because of this sub prime fiasco.Trouble is they are two or three years too late in tightening down the loan requirements. Then the builders would have pulled in their horns and not overbuilt the demand for new houses.There is enough guilt to go all around in this mess.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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