Thread: Money How does one get credit?
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Old 04-02-2013, 03:15 PM   #92
Pawnmower Pawnmower is offline
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Join Date: Apr 2010
Location: Northern California
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Quote:
Originally Posted by loochy View Post
need it to buy a house

who has cash to buy a house? not many.
here is another reason (this happened to me)

I found a little rental i wanted to buy.....but it was ****ed up bad....no lender would lend on it. I used my savings to buy it cash, fix it up........and then a year later i got a mortgage on it to get my savings back.

situations like that are not uncommon....
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