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A comment on Have the record number of investors in the stock market lost their minds?. Parent comment

Re:Have the record number of investors in the stock market l... by UncleOxidant on Saturday May 16, 2020 @02:13PM (#23205788)
> Credit is locking up (try getting an unsecured loan)

Yep. Wife works for one of the big banks. They stopped taking applications for personal lines of credit this week. Stopped taking HELOC applications a couple of weeks ago.

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Re:Have the record number of investors in the stock market l... by selimthegrim on Saturday May 16, 2020 @02:33PM (#23205935)
USBank was pushing these pretty heavily last week (the offer was only supposed go through end of April but they had extended it)
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Re:Have the record number of investors in the stock market l... by tjr225 on Saturday May 16, 2020 @02:47PM (#23206061)
I was able to get an unsecured loan with a low interest rate for a classic car within a few hours after I applied.
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Re:Have the record number of investors in the stock market l... by x86_64Ubuntu on Saturday May 16, 2020 @03:33PM (#23206501)
Wouldn't the parameters for a car loan be wildly different than for a home loan or for a personal line of credit that's unsecured?
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Re:Have the record number of investors in the stock market l... by tjr225 on Saturday May 16, 2020 @04:38PM (#23207003)
I don’t know, just throwing in my anecdote that it was really easy for me to get unsecured credit last week.
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Re:Have the record number of investors in the stock market l... by intopieces on Saturday May 16, 2020 @06:29PM (#23207716)
A classic car is secured by the car, right?
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Re:Have the record number of investors in the stock market l... by tjr225 on Saturday May 16, 2020 @06:50PM (#23207862)
No, with an unsecured loan I hold the title- not a lien holder(lender). I would probably be taken to court if I defaulted. I think I am fortunate that my credit is good enough to get the loan, however.
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