Financing Current financing offers

cowboydoc · Dec 28, 2005

I think you're making a mountain out of a mole hill. For one have you ever tryed to get involved with the credit agencies? It's bigtime dollars. Deere is their own finance company. They do not go to a third party to get your loan financed like most other companies do. Therefore they are not required to report and do all the banking things. They have nothing to do with the credit agencies like other credit agencies do. I think it's a good thing!! Personally I feel the credit reporting agencies are blankety blanks. I mean they give you a bad mark just because you have too many credit cards? And now they've partnered with insurance companies so the insurance company can raise your rates if you are not the top of the credit ladder? Come on that crap should be so illegal. Personally I commend Deere for doing what they do.

Good or bad, unless you enter reposession, Deere does not report the credit. It's a little known fact. Through a computer error a couple years ago my payments got misapplied to another account. I demanded that they fix my credit assuming that they had reported the 120 day late payment. They said they didn't report to credit agencies even if it would have been my fault. I ordered a report not believing them and sure enough there was no report of it.

daTeacha · Dec 28, 2005

Also a bit off topic, and maybe not applicable to a lot of posters here. A big problem with the national economy is the simple fact that too many people are living way beyond where they should be thanks to easy credit. I think the last thing I heard about this is that the average family has a credit card debt of about $10,000.

You just have to wonder how different things would be if all that money wasn't being paid in interest to the card companies.

JDgreen227 · Dec 29, 2005

"Deere does not report the credit, it's a little known fact".

Thanks for your feedback and the information. I agree with you 100% about a number of things you say about the credit reporting agencies. I have been trying to clear up the $30 error made by Sears for several years now, with no success. About using credit scoring for home and auto insurance, I have to say I am in favor...mainly because we get lower rates for being responsible and HAVING GOOD CREDIT.

/forums/images/graemlins/grin.gif

riptides · Dec 29, 2005

( Also a bit off topic, and maybe not applicable to a lot of posters here. A big problem with the national economy is the simple fact that too many people are living way beyond where they should be thanks to easy credit. I think the last thing I heard about this is that the average family has a credit card debt of about $10,000. )

IMHO I don't think this is an issue at all. I say run it up even higher, if a person can MANAGE it, what difference does it make?

The laws are getting stricter now on bankruptcy, so I think the lending practices will change.

-Mike Z. /forums/images/graemlins/grin.gif

Ramairfreak98ss · Feb 5, 2006

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Credit providers like people who are very conciencous about paying their bills and who are always in debt. That's where they make their money.

Cliff
)

agreed /forums/images/graemlins/mad.gif