You got that right, the only way you don't need credit is if your retired. Any seasoned investor will risk YOUR money instead of his. How many times in the last 10 years could you have been burned loaning me 50k on anything. Ya, you just lost your 50k.
I have a brand new bottle of vaseline. Credit means more now than it ever has, and I'll prove it to you. Anybody could get a loan 3 years ago. It made sense to everybody. Now, you better be iron clad to stand a chance. I can't disagreee. Money was waaaaaaay to looose. I made a boat load of money off loose money. The good ol days.
In this economy(I hate this term)if you can obtain money with CREDIT you can make it happen. END OF STORY. I need to get off my ass.