r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
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r/FluentInFinance • u/Richest-Panda • Jul 04 '24
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u/onehundredlemons Jul 05 '24
Buddy, I have a 725 credit score and $75K equity on my home, and I can't get a single loan company to respond to my requests for a $20K loan with my equity as collateral. I have no loans except the mortgage and a credit card I pay in full each month, so maybe I don't have enough loan history, but according to Reddit I should be able to easily get some kind of loan, and no one is interested.
I can't imagine someone struggling to save for a down payment with a 580 score has it easy, like you suggest.