View Poll Results: wat?
Voters: 63. You may not vote on this poll
---- this bullshit
#13
Re: ---- this bullshit
not sure if this is true or not but....
everytime someone runs a credit check on you it can/does lower your overall points. and when creditors see that your shopping around for a loan based on the number of times your report has been pulled they look down on that and will raise the rate of the offered loan to you.
everytime someone runs a credit check on you it can/does lower your overall points. and when creditors see that your shopping around for a loan based on the number of times your report has been pulled they look down on that and will raise the rate of the offered loan to you.
#14
Re: ---- this bullshit
Originally Posted by jo_gobel
not sure if this is true or not but....
everytime someone runs a credit check on you it can/does lower your overall points. and when creditors see that your shopping around for a loan based on the number of times your report has been pulled they look down on that and will raise the rate of the offered loan to you.
everytime someone runs a credit check on you it can/does lower your overall points. and when creditors see that your shopping around for a loan based on the number of times your report has been pulled they look down on that and will raise the rate of the offered loan to you.
you do get a small "ding" when you look apply for credit, but you can shop the ---- out of it after taht... you have 30? days to apply at as many places as you wish (as long as its for the same type of loan) and it will not impact you.
#17
Re: ---- this bullshit
FYI a 650 FICO isn't that fantastic. I'm going to assume you have some negative ---- on your credit reports? Some late payments or some collections? Short credit history?
You're applying for a fairly small loan on a cheap, older car that isn't going to hold it's value for very long. Banks don't want to loan against an asset that's going to be worth the equivalent to **** in less than half of the term of the loan. That leaves them with nothing to secure the loan if you ---- up. Consider yourself lucky to be getting offers of around 10% for such a loan. Also, used car loans in general don't allow for prime interest rates like new cars do.
Used, old car=higher interest rate
New car=low interest rate
You're applying for a fairly small loan on a cheap, older car that isn't going to hold it's value for very long. Banks don't want to loan against an asset that's going to be worth the equivalent to **** in less than half of the term of the loan. That leaves them with nothing to secure the loan if you ---- up. Consider yourself lucky to be getting offers of around 10% for such a loan. Also, used car loans in general don't allow for prime interest rates like new cars do.
Used, old car=higher interest rate
New car=low interest rate
#18
Re: ---- this bullshit
Originally Posted by Joseph Davis
Stevemode is correct. I have $650 in the new drivetrain in my 300K beater, I will freshen brakes and suspension and milk that ----------er to a half million minimum.
#19
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Re: ---- this bullshit
Originally Posted by Joseph Davis
Stevemode is correct. I have $650 in the new drivetrain in my 300K beater, I will freshen brakes and suspension and milk that ----------er to a half million minimum.