And sorry to say, but that is why most people are broke.
Risk comes from not knowing what you're doing. (Warren Buffet)
Wed Jul 17, 2013 3:38 pm
coaster Senior Advisor
Cash: $ 1626.30
Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
quote:Originally posted by LRobTed ...It was not an easy thing to do and lesson learned here...
A lesson learned produces a change in behavior, so that remains to be seen. Come back in six months and post an update.
~Tim~
Wed Jul 17, 2013 3:58 pm
Wino Senior Member
Cash: $ 113.80
Posts: 560
Joined: 03 Aug 2012
Location: Dubai
quote:Originally posted by LRobTed I can now start to rebuild my credit, slowly.
quote:Originally posted by oldguy $2500 at $400/m for 12 months is a 141% APR loan
And you can be certain that the payday loan people will NOT allow this loan to go toward her credit score improvement, as it is in their best interest to keep her with poor credit so they remain her sole source.
Yet, let her miss ONE payment, and it will certainly be reported to further damage her credit.
I have a simple rule, "If you go to an expert for advice, you should most likely take the advice." This thread is prima facie evidence that not everyone follows this rule.
Wed Jul 17, 2013 4:46 pm
coaster Senior Advisor
Cash: $ 1626.30
Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
mod's note
It's worth noting (yet again for the umpteenth time) that all posts in this forum are to be taken as expressed personal opinion, and not as financial advice
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as coaster:
though .... there was some damn fine personal opinion expressed in this thread; damn shame we couldn't save her $2300 (or more), but thanks, everybody
