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+--- Thread: So I got approved for a loan... (/showthread.php?tid=3159)
So I got approved for a loan... - Feersty - 11-14-2005
and it is enough to buy a decent ride...... :lol:
- Ginger - 11-14-2005
is it a PAD? How much? Did you decide on something?
- Evan - 11-14-2005
Rob if this is another "what car should I buy" thread, I swear Im going to burn your house down.
- .RJ - 11-15-2005
What is a decent ride? A yugo? a miata? a m3? a escalade?
If you have to stretch your budget to make a $400/month car payment happen its not worth it. Dont forget insurance, gas, maintenance - all part of the picture.
otherwise, i agree with evan.
- WRXtranceformed - 11-15-2005
Nice dude.
Buy my WRX!
- Andy - 11-15-2005
Congrats Feersty. Let's give him a chance to elaborate. (Don't let me down Rob.)
- white_2kgt - 11-15-2005
ha, preapprovals! christina and I got approved for 800k for a home loan 2 years ago, I couldn't IMAGINE paying an 800k mortgage!
- Feersty - 11-15-2005
asteele2 Wrote:is it a PAD? How much? Did you decide on something?
PAD?
I'll PM you with what I am looking at, I don't want to annoy everyone again. This was merely a loan preapproval announcement.
- .RJ - 11-15-2005
PAD = Preapproved. They give you a blank check not to exceed a certain amount. Thats how my credit union does things. Also, if you dont use it in 30 days (I think) its void, so I havent bothered with one unless I've found a car I know I want to buy.
If its just a preappoval with no $$ or check associated with it, then its basically worthless and you've just wasted your time.
What is your credit like? good, bad, indifferent, none? parents co-signing?
- Feersty - 11-15-2005
zero credit, parents co-signing.
- ScottyB - 11-15-2005
Feersty Wrote:zero credit, parents co-signing.
why no credit? having good credit down the road is helpful, and as long as you don't abuse the card it's pretty damn convenient.
- Sijray21 - 11-15-2005
ScottyB Wrote:... and as long as you don't abuse the card
:hammer:
- navin - 11-15-2005
I'm gonna hijack this beotch..
does anyone have good reccomendations for a first credit card, I'm pretty much clueless about that kind of stuff. I have bills, etc in my name but no loans, etc that would build my credit.
I trust myself with a credit card, as I usually buy all my crap in cash after working, save a little, etc... So long as the credit card never makes into a bar I'll be fine
I dont even get applications or pre-approval's in the mail, its like they dont even wanna ruin my credit..
- JohnC - 11-15-2005
Advice to anyone wondering about credit - pull your report. You can do it for free, once a year from <!-- m --><a class="postlink" href="http://www.annualcreditreport.com">http://www.annualcreditreport.com</a><!-- m -->.
- Sijray21 - 11-15-2005
i'm getting in trouble with mine. Just read the fine print regarding apr. I have 0% on purchases till 2006 - i've had it since July. I just charged too much to it (Motorcycle and Insurance Deductibles ($500/ea)). but i did need to use it for those.
Just look for ones with lower rates (<10%) after the trial period and ones with benefits (frequent flier miles, cash-back, gift rewards,...etc). Stay away from Store CC's - i know Best Buy's rates are near 20%..? something crazy.
CC's are great if you use them properly - i'm learning the hard way and i'm writing LARGE checks in the coming months (fo-digits yo).
- Sijray21 - 11-15-2005
JohnC Wrote:Advice to anyone wondering about credit - pull your report. You can do it for free, once a year from <!-- m --><a class="postlink" href="http://www.annualcreditreport.com">http://www.annualcreditreport.com</a><!-- m -->.
for some reason when i went through them i couldn't get my actual number - i paid $6 with TransUnion.com to have it performed.
- JohnC - 11-15-2005
theguywiththeSi Wrote:JohnC Wrote:Advice to anyone wondering about credit - pull your report. You can do it for free, once a year from <!-- m --><a class="postlink" href="http://www.annualcreditreport.com">http://www.annualcreditreport.com</a><!-- m -->.
for some reason when i went through them i couldn't get my actual number - i paid $6 with TransUnion.com to have it performed.
The FICO score isn't provided - that you *do* have to pay for. But the actual report (listing current/past accounts, lien holders, collections, etc) is really what matters if you need to fix something.
- Evan - 11-15-2005
$6 for your fico score is a great deal, where did you get that?
most sites want $30
- Sijray21 - 11-15-2005
Evan Wrote:$6 for your fico score is a great deal, where did you get that?
most sites want $30
it says $30, but go for the free credit report and then they give you an option to find out your actual score for $5.95.
I went to the site and it marketed $29.95, i'll check which exact process i followed and i'll PM or IM you with it.
- white_2kgt - 11-15-2005
navin Wrote:does anyone have good reccomendations for a first credit card, I'm pretty much clueless about that kind of stuff. I have bills, etc in my name but no loans, etc that would build my credit.
anything other than a card that is backed by MBNA, they suck BIG time, oh and get a FIXED rate, not a 'floating' rate. Sure as shit the one month you can't pay off the whole thing, is when your rate goes up!