This content was previously LOCKED for Subscribers only -- but is now open for the general public since my subscribers got a full day "heads-up" before everyone else.
Source within a very well known, long established, and very large Retail chain reports as follows:
"We Just Had A Emergency Conference Call. Corporate Wants Our Over 2000 Retail Locations to immediately push all credit card, credit, and financing packages because next week banks are pulling them nationwide in mass.
We have over 2000 retail location and have been in business since the 1930s. We're a strong performing retailer; mowers, ATV's, implements, etc.
Corporate said many banks are pulling all credit and financing options they customarily offered to retail customers which, in the past allowed customers to spread the payments out on the $8000 Finish mowers or top line ATV's they purchased.
They also emphasized this isn't something they're doing just to us, thereby giving our competition an advantage. The entire credit market is being contracted across the retail spectrum.
We've been hearing the credit markets have been drying up. It looking like next week the well will run dry."
Corporate said many banks are pulling all credit and financing options they customarily offered to retail customers which, in the past allowed customers to spread the payments out on the $8000 Finish mowers or top line ATV's they purchased.
They also emphasized this isn't something they're doing just to us, thereby giving our competition an advantage. The entire credit market is being contracted across the retail spectrum.
We've been hearing the credit markets have been drying up. It looking like next week the well will run dry."
