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Yellow | Finances At Yrc

Triplex said:
I did back in the late 1970's/early 1980's when interest rates were much higher than today. Rates also are determined by credit rating of the borrower - lower rating/higher risk/higher rate. For all the negativity about YRCW, they are still here providing decent incomes and benefits for many thousands of workers. Not a bad thing in my humble opinion.
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I remember getting 16% on CDs in those times
 
Elwood said:
YRC has no collateral and a very poor credit rating. An unsecured loan at 9.5% for a consumer with bad credit is reasonable. Mortgages are secured using the property as collateral.
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Lot of people pay more on credit cards.
 
highheadblues said:
Got a lot of popcorn machines for collateral
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seabreeze said:
I remember getting 16% on CDs in those times
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My Father quit school in 1944 at sixteen years old and went to work for Michigan Bell. He was in management in 1979 when he retired and had acquired a lot of AT&T stock. After he retired he and a life long friend bought and sold stock and acquired cd's. At one point my Father without a high school education was a millionaire.
 
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mud said:
My Father quit school in 1944 at sixteen years old and went to work for Michigan Bell. He was in management in 1979 when he retired and had acquired a lot of AT&T stock. After he retired he and a life long friend bought and sold stock and acquired cd's. At one point my Father without a high school education was a millionaire.
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That's how I got my ATT stock, when they aquired Southern Bell, they gave me ATT.
I am starting on my second million now.................. I gave up on the first, years ago!
 
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