Obtaining Cheap Loans from Credit Union
In the great economic slow down that we are all forced to suffer through it appears to be harder and harder to obtain a loan at any rate, let alone a low rate. Banks are picking and choosing each borrower now and those doors are closed for most of us. There are alternatives though, to dealing with banks.
Credit Unions for instance have actually increased the number of loans given, mainly able to do this because of their conservative practices that allowed them to miss most of the subprime mortgage fiasco of the last few years. This has also allowed them to loan at about one percent lower that most banks. This is particularly true of car loans because several large credit unions have joined forces with a couple of the big auto companies, General Motors and Chrysler, in the Invest in America program. Buy a new car and get a discount if you finance it through a credit union. These discounts can range anywhere from $500-$1,500 and will be added to any other manufacturer's incentives. To check if you will qualify go to
