I have to disagree, do you see how many ads out there for loan approval if you have bad or no credit? You can pretty much drive a brand new car out of the lot without any credit.
That was 2009, during the height of the meltdown. If you can borrow one dollar then you can borrow 2 dollars. If you can borrow 2 dollars then you can borrow 4 dollars etc..... There are many investors out there who are sitting on large sums of cash looking for a place to put it. We don't know what the terms are for FLST financing, it may be a subprime loan with a high rate of return in which case someone may be willing to risk some cash.