Posted 20:59 (#4069646 - in reply to #4069493) Subject: RE: Farm Credit just screwed my buddy If farm credit is at 4 percent the locals will be at 8.5 or 9 percent for operating money. Posted 07:48 (#4070372 - in reply to #4069635) Subject: RE: Farm Credit just screwed my buddy

Local banks dont offer that Edited by BlackCattle 21:58 Posted 21:58 (#4069850 - in reply to #4069704) Subject: RE: Farm Credit just screwed my buddy I would never base a decision on a half of a percent rate difference. Posted 21:17 (#4069704 - in reply to #4069667) Subject: RE: Farm Credit just screwed my buddy I would guess maybe he is talking basis points so. Posted 21:08 (#4069667 - in reply to #4069635) Subject: RE: Farm Credit just screwed my buddy Posted 20:57 (#4069635 - in reply to #4069551) Subject: RE: Farm Credit just screwed my buddy I dread it everytime I have to go to Farm Credit or the locals for operating money. Screw em' all, I wish I never had to borrow another dime from anyone. My credit is good and they still won't deal on the rates. Farm credit beats them by 5 points right now. That would be true if the local banks around here wouldn't screw everyone with high interest rates. Posted 20:32 (#4069551 - in reply to #4069493) Subject: RE: Farm Credit just screwed my buddy They made it impossible to continue doing business there even though I always paid my loans and usually early. The Feds were on them like a hobo on a ham sandwich. Two years ago I would have agreed until my little bank got into a bunch of bad loans at a RV dealership. Posted 20:28 (#4069532 - in reply to #4069493) Subject: RE: Farm Credit just screwed my buddy A good local bank is always the best route. Posted 20:17 (#4069493 - in reply to #4069477) Subject: RE: Farm Credit just screwed my buddy I know they are but according to the regs they can't do anything about it all in order to 'protect us'.īetter yet there are people worth eight figures with no credit score. Posted 20:12 (#4069477 - in reply to #4069406) Subject: RE: Farm Credit just screwed my buddy There are people with mid 600 scores that are worth 8 figures. Posted 19:49 (#4069406 - in reply to #4069400) Subject: RE: Farm Credit just screwed my buddyĬredits scores are a joke. The good old days where you could have explained that to the banker and still got a loan are long gone thanks to the new banking regulations. I think it would be hard to go anywhere and get loan like that with a credit score in the mid 600's. Posted 19:46 (#4069400 - in reply to #4069379) Subject: RE: Farm Credit just screwed my buddy Bank doesn't sell corn and I don't give loans Known him since high school and he was in my wedding. Posted 19:55 (#4069425 - in reply to #4069395) Subject: RE: Farm Credit just screwed my buddy Let us know more about that when you report back. Your friends financials, you could either lend your friend the money or cosign the loan. Not sure of your motive, but if you have carefully looked over this deal, and all Posted 19:44 (#4069395 - in reply to #4069379) Subject: RE: Farm Credit just screwed my buddy I have been sending all the young guys I know to Soy Capital. So even with all the equity and mortgaging the 12 acres they still won't take him? Exactly the reason why Farm Credit is a joke. He bought a used truck for $10K and the dealership ran it thru 5 financing companies in one day for the best rate and it screwed his credit score to mid 600's. Posted 19:38 (#4069379) Subject: Farm Credit just screwed my buddyįarms part time.

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