Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


  • Content Count

  • Joined

  • Last visited

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. I'm on my second auto loan with Chase/Subaru. First was in 2013, second one in February of this year. Never had that option but would be great lol. With the bulk of our banking at Chase it is nice to have it right on my home screen and not have a whole different log in. Have never had a complaint with Chase/Subaru
  2. All good, I really was just curious. I used to work for a guy who had a saying, "always negotiate with the truth". Not a lot of other good I can say about him but that has always served me well.
  3. Curious what customers lie about? Given the credit application you have most everything in front of you. Income?
  4. You do understand that Wells Fargo holds the money used to open the accounts, right? Or are you saying you'll fund the first account and then take a cash advance from that card to fund the second? In other words you will essentially max out the first to fund the second? Most banks do not allow 100% cash advance. It also seems you are vastly underestimating the banks systems and algorithms. Frankly it seems to me you are setting yourself up to get shut down by Wells faster than anyone in the world.
  5. The non-PG types of financing will take time to build to. Unfortunately the higher dollar equipment stuff you will likely have to PG.
  6. For that kind of spending you really need to go a corporate card route. Otherwise the situation you had with Chase will repeat itself with multiple lenders. I don't know where you are located but as Hege mentioned above City National Bank may be a good option for you on this.
  7. For the amount of money you are spending it seems like a corporate card program may be your best bet. Most banks do not like business spend on personal cards and being above your limits across all accounts with them in the middle of a pandemic is a huge red flag.
  8. Oh, I wasn't justifying an 84 month loan. Just commenting on the correlation of manufacturers pushing the term made sense why it spiked. Even at 0% I can't see justification for a term that long.
  9. Even though it's financial suicide the 84 month part makes sense from the standpoint that manufacturers are pushing the 0% 84 month loans.
  10. We moved our savings to CIT about a year ago at 2.3%. Right now it's at 1.13%.
  11. When my wife and I started dating in 2007 I was in investment banking and doing quite well and was flashy and liquid. When we got married it was in 2008 and I had literally $0 income coming in, she married me anyway. Through a lot of hard work I built everything back up and bought a $30 million trucking company with partners in 2015. One VERY VERY shady partner and everything was gone again through Chapter 7 bankruptcy. She's still here and has worked with me to build a very good consulting business. My point is wealth is fleeting, a good partner is not. Had my wife married me based on my good periods I likely would be divorced and broke right now.
  12. If they bring any RHD manual trans cars from overseas I would definitely pick at least one up. One can dream...
  13. I don't see how it would effect the market for manual transmission vehicles. Manual transmission rental cars are scarce at best and non-existent outside of specialty cars.
  14. I bought a CPO Subaru in February. If I had a crystal ball I would have put it off a few months. Not because the market dictates it but because I have barely driven in the past 60 days and could have done without the car. That being said, even if the value of the car dropped 20% (which it hasn't) it is what it is. If you need a car buy one, If you don't put it off and try your hand at timing the market. I don't think you will see a huge swing on popular models. Auto production on new cars is down, which means that supply will be short in the comping months. One could predict that would drive used prices UP. No one can tell the future. One thing I will say is a corporate bankruptcy like Hertz is not a liquidation, it is a restructuring. They are NOT dropping 500k cars on the used car market.

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
  • Create New...

Important Information