We have been self employed for close to 20 years. When you are self employed you NEVER qualify for those great rate loans. The only loans that you can qualify for are the "high risk" (what the creditor calls them) loans.
If you support yourself you are penalized. It is not easy to get a home loan, car loan, personal loan, or even a good credit card.
Many years ago we tried to purchase a house in Syracuse. The only way we could qualify was to fudge the numbers. No thank you. We chose instead to buy property (owner financed) and put a mobile home on the property. In the end that turned out to be a HUGE financial disaster for us. (Another story for another time) We didn't feel we had a choice. Why? Because we created our own job, money, and didn't rely on someone else to give us a job. High risk should be the people that cannot support themselves, not the self employed.
But as I stated in my post before, that is the path we chose. It is not the creditors fault. The should be rewarded for giving people like us a chance. I hope that someday we will qualify for the best loan possible
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