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I'm going off topic here my appolgies.
But why do you need to "build credit" to get a decent loan?
What i understand from this discussion is the more loans you have going and pay off on time the better your credit is. is this correct?
If so , Isn't this how the financial crisis started in the first place?
In Belgium you just go to the dealer or bank show your income of the last 3 months to show you have a stable income and of you go.
The APR is the same for everybody, but the total amount you can loan depends on your income,
To me this seems more fair and more financialy safe for everybody.
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