Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




About to take a title loan against my car

Reply to topic
Money Talk > Credit & Loans

Author Thread
littleroc02us
Moderator


Cash: $ 382.10

Posts: 1880
Joined: 09 Feb 2009

 Reply with quote  

And sorry to say, but that is why most people are broke.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Wed Jul 17, 2013 3:38 pm
 View user's profile Send private message
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
 Reply with quote  

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~
Post Wed Jul 17, 2013 3:58 pm
 View user's profile Send private message
Wino
Senior Member


Cash: $ 113.80

Posts: 560
Joined: 03 Aug 2012
Location: Dubai
 Reply with quote  

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.
Post Wed Jul 17, 2013 4:46 pm
 View user's profile Send private message
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
mod's note  Reply with quote  

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

----

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

~Tim~
Post Thu Jul 18, 2013 4:27 am
 View user's profile Send private message

Goto page Previous  1, 2, 3, 4
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016