Yes, this all too true.... I bought and I got screwed w/ 15% apr... No credit history doesn't equal bad credit, just NO credit. Imagine being a bank selling to someone like me: 23, single male, just graduated, no credit history. I can't say I blame them.Originally posted by PMD911:
That's only with perfect credit history. It's also a problem if you have no history. Need mortgage payments etc. for APR that low.