These are unusual times--banks and loan outfits are worried, and they"ve tightened up... If you"ll need a loan, make sure it"ll be there first; don"t assume that since you"ve gotten financing whenever you needed it before that it"s still there. If you do any seasonal financing, make sure any loan you take out now won"t make it more difficult to get your usual financing, and listen carefully to what your lender says--if they know further tightening is coming, they probably can"t say so in so many words, but they may try to give you a heads-up in the language they use. And as you said, it"s a time to be very careful about taking on anything that you might have trouble paying off...Good luck.
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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.
... [Read Article]
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