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crackbaby

i need to take out a small loan, what do i doodoo mayne?

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i need a loan for about 5 grand to buy a car with. i really have no idea what to do, i have a bank of america account could i just walk up in that joint and ask for a loan with interest? i can pay the loan off within a month, i have a car worth 8 grand that i need to sell but it might take a while, so id rather get fronted 5 grand to buy my next car, and then sell the 8k car later, im retarded and have no idea where to get this shit or how

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the car has to be less than 5 years old. If not you need to own somethting of value they can take from you if you dont pay up ie; house, land, another car etc etc.

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Yea I would go to a credit union if you could. I walked in to get a loan for my motorcycle they just asked how much I needed ran a credit check boom check right there it too literally 15 min... I am about to go back for 6k$ loan for a truck...

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trading in my car to a dealership is a terrible financial decision. dealerships will lowball you at least a few grand less than private party, and then charge an extra grand or two over private party. fucking with a dealership, while conveniant, will probably end up costing me a couple grand extra

 

 

but yea im gonna try a credit union then

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Trading in your car is not a good idea... Just craigslist it no matter how crappy it is...

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bank of america has something called a "gold line of credit" or some shit. sounded really good, and apparently it's somewhat easy to get, though I got turned down for having too many school loans and late credit card payments. talk to them about that. most places won't give a used car loan if the value is under $7,500.

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make sure they will let you pay it off in a lump sum, also. depending on the type of loan you get they may expect you to make monthly payments for a set period so they can milk the interest for all it's worth (anticipating higher interest rates in future, etc).

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yes. if the interest rate is fixed at a low rate for a short period, then able to fluctuate in future, they can deny large payments as they will get less interest returned on the loan. i'm not sure how often this occurs with small loans, but i know home loans can often be structured like this. at any rate, it is always best all the questions you can.

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oh yeah there are also plans that can give you low payments for a short period of time and then BAM! Balloon payment in the amount of $3000 now please.

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Ok, I'm glad we're on this subject. I wanted to get a new bike, I have an OLD blemish on my credit... well probably more like a gash... I owed like $200 and now 6 years later it's jacked up to over $1k... and my whole thing is like fuck ya'll what I have is not worth that much money. So my credit won't allow me to get financed. What am I to do? Has anyone here ever had their credit repaired, or know what's the way to go about doing this. Thanks for any help.

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and read all the conditions of the loan before you sign (i don't care if there's 10 pages of 3 pt print). you're a fucking idiot if you don't

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yeah you can pay it off. I have some shit on my credit just like that too dhabz. I'll pay it when im good and ready to buy a house.

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Ok, I'm glad we're on this subject. I wanted to get a new bike, I have an OLD blemish on my credit... well probably more like a gash... I owed like $200 and now 6 years later it's jacked up to over $1k... and my whole thing is like fuck ya'll what I have is not worth that much money. So my credit won't allow me to get financed. What am I to do? Has anyone here ever had their credit repaired, or know what's the way to go about doing this. Thanks for any help.

 

well, first of all, shame on your letting a $200 debt balloon to a grand. dumb move. i don't care what it was for, or how "unfair" it might have been. you owe the money, and the debt won't disappear.

 

 

bite the bullet, pay the grand, clear your financial record

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Well the thing is that I am not needing a house right now. I've got a stable job and I'm much more responsible with my money now than I was when I was 18. Anyway, I want to get a new bike and with my credit the way it is they want like $3k down, which to me is retarded, I could do something more like $1.5k down. I would like to get my credit squared away to where I can actually put a smaller down payment on a new bike.

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if that $200 has become $1000, i take it that it's still growing? just pay it. why the fuck not? get rid of that and it's one less monkey on your back.

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Well, that's not a possibility. There IS a way to pay just the original amount and I know someone has had to have done this before and knows the ins and outs of doing so. I really am not interested in paying all their crazy late fees. I would however be more than happy to pay them what I originally owed. I have also heard something like after 7 years credit problems get dropped off your credit...

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have a chat with them. call them up, tell them you want to pay the 200. if they keep busting your balls about fees etc, just keep asking to speak to a manager. be a pain in the ass. eventually they'll cut their losses and accept the 200. if not, you may be able to bust the fees down to a point where they're not as high. maybe they'll meet you half way or something. at the end of the day, it's gonig to cost them more than $1000 to persue it in court, so you may as well just speak to them and ask them what you can do.

 

whatever you do, don't let it linger. a bank might let something minor like that ride on a small loan for a bike or car, but they don't fuck around when it comes to a house

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Awesome, I think you're right. You know one other problem though is that they haven't sent me anything or called me about it in a couple months. I know it's still there, I just don't know who is in care of the debt right now. I need to find that out.

 

I guess while we're on the subject of responsibility... I still live at home, I am looking into getting an apartment, but people keep telling me not to because it's a waste of money. It's better to just invest in a house that you will end up being able to keep or make a monetary gain off of later... and with an apartment you cannot do that, you just lose whatever money you pay for rent in the end. I have absolutely no know how when it comes to getting or even looking for a house. What goes into finalizing something like that? I realise that my credit will have to be fixed, and that will happen... I could ask my dad about this but it'd turn into like a 4 hour conversation that I can't duck out of very easily.

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when you say 'get' and apartment, do you mean to rent or to buy? eiother way, renting an apartment is probably half what you'll pay on a house payment

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