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Everything posted by pinkonlypink

  1. Thanks for the input! So it's cool to pay off the card with the balance and just keep using one and paying it in full? I kind of misspoke: I'm not actually paying interest as my only credit card with a balance has 0% interest until October 2021. The card I use, I pay in full each month. I use that card because it has the lowest limit and they keep telling me they won't increase the limit because I don't use the card enough. Maybe this is the time to apply for a card with "rewards"? (What exactly are rewards?) Thanks again.
  2. I am able to pay off my credit card, car and student loan (everything except my mortgage.) I have read that paying off most of your debt lowers your credit score. (Something about if you don't have to make payments then you can't show you make payments on time.) It has taken me years to get my 844, so of course I don't want it to drop. But I don't think I'm up for paying interest just to keep my score high. Also, if I pay my accounts in full, and use a credit card and carry a balance in the future, will my score lower more because the balance of what I owe has increased? T
  3. I rotate my cc debt to maintain 0% interest (the 3% fee is better than paying interest since I can't pay it off.) I recently transferred $5000 to my Discover card and now need to put $420 for car repair on a card. Does it make any difference if I transfer the $420 to my B of A card rather than add to the balance of the Discover card? Both B of A and Discover have 0% interest and will charge a 3% transfer fee but B of A's minimum payment is 1% and Discover's minimum payment is 2%. I should be able to pay off most of the $420 in a couple of months, but I would rather make s
  4. 2013 cars - same make, same model even same color. They have between 31,000 and 42,000. The 3 certified are $1800 - $2000 more than the "used" -and it has the lowest mileage. The $50 difference in monthly payment would cover my car insurance. I know what a "certified used" car is, but I have no idea if it's worth $2000. (And if the car that's not certified is somehow worse than the cars that are.) Thanks! mileage is 31,000 to 42,000. oops.
  5. Update: I ask how they arrived at the payment amount because it seems mathematically impossible. "Oh, well we use a loan calculator."That's what I've used and I come up with $580 monthly." "Well, which calculator were you using?" I used YOUR CREDIT UNION CALCULATOR, I used the the link from YOUR LOAN APPLICATION." "Let me check." Puts me on hold - "Oh, I see what happened, the person who called you with the approval included loan protection for you" "Really?" "Yes, it's always a good idea. If you're disabled or die your payments are covered." "Please remove it - I have disability insurance an
  6. They must be adding something somewhere and I'm sure were going to tell me about it at some point. I will ask as soon as I can actually talk to someone. Thanks for your help. If something like insurance were added to one's loan is it usually optional for a borrower to purchase it? And in general practice is a loan's rate tied to whether or not a borrower purchases things such as insurance that might be added to a loan?
  7. Same length for both - 48 months. Can the CU tell me that the 1.55% was only on a loan that includes the insurance they've added and quote a different rate for same amount and terms without it? Is CL & AH ins usually mandatory? (Which doesn't really make sense because I already have life and health insurance.) I wonder how they would think I would not notice that the payment wasn't mathematically correct.
  8. I emailed asking exactly what the payments would be and the Credit Union confirmed that their loan of $27,000 at 1.55% would have payments of $629 (it went up). And that's with automatic withdrawal. I spoke with the other lender and they confirmed that on their loan of $28,000 at 3.7% my payment would be $629. And that I was approved up to $50,000 at that rate for a used car 2009 or newer or a 2008 with 100,00 miles or less. Can I opt out of the "packing"? Is it illegal in California? This credit union has been my only bank for over 15 years. My checking, savings and mortgage are with
  9. My CU approved me, over the phone and now via email, for $27,000 at 1.55% for 48 months. On the phone the rep told me my payments would be $625 a month. Every calculator I can find tells me that the payment on above would be approx $580 or that for a payment of $625 a month at 1.55% the loan amount would be $29,000 or that a payment of $625 a month for a loan of $27,000 would have 5.3% interest. I was also approved for $28,000 at 3.75% for 48 months with a payment of $629. What am I missing? Is 1.55% not the "real" interest? I was so happy to be approved but now feel like I
  10. I won't get the lowest rate, but in deciding which of 4 credit unions to submit loan application to is comparing the lowest rate each offers a good way to choose? Or should I just apply to all? (Not that it matters, but the 36 month rates are 1.85%, 1.74%, 1.61% and 1.47%. ) And now for something completely different: Do I ask for an amount or do they just tell me how much I can borrow? Should I pad the amount I ask for? Thanks.
  11. Your Age 49 Your Equifax Credit Score? FICO8: 724 Auto8: 722 Your Experian Credit Score? FICO8: 684 Auto8: 716 Your TransUnion Credit Score? FICO8: 679 Auto8: 711 How many years have you been on file with Equifax? 16 How many years have you been on file with Experian? 16 How many years have you been on file with TransUnion? 16 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? no Will this open auto loan be a trade-in? no How many late pays within the last 12 months on the currently open loan? 0 How many late pays within th
  12. I inflated all costs. My experience is that there is always something that is connected to something and the 1st something cannot be fixed unless the 2nd something has a new seal and getting to the seal will take 5 hours, but because I'm already paying $1,000,000 for the thing I brought her in for they will only charge me $300 more than the original estimate. Plus, of course, the cost of the seal - only made by Honda on an island off of Japan that is so small and remote that the seal must be delivered by bicycle and bicycle delivery is, unfortunately, very expensive. And of course I can get a
  13. The pig needs PINK lipstick! Thanks for the input - I pretty much knew.
  14. The monthly payments for the used cars I "want" are not practical. And the less expensive cars on my list are too old to finance. What I really, really want is to get a $6500 loan to revamp my current car. (see math below) This would have to be a personal loan? Or can I buy my car from myself as a "classic" car? Bad news: The value of the car after I spend the $6500 would realistically be $4000 - $5000. And there's no guarantee that she wouldn't still need more work after she gets her major service. Good news: I would still have my perfect car and could pay off the $6500 in a year. On a
  15. True or False? I should plan to borrow approximately 10% more than the purchase price of a used car to cover fees, etc.. So if car is $25000, loan should be for $27500 to cover: Sales Tax Title Transfer Registration Insurance License fee Documentation fee Compliance fee Emissions testing fee Dealer preparation fee Anything missing from the list? Anything that should NOT be part of the loan? Should it be more than 10%? Thank you.
  16. Advised by score checking websites to transfer balance of my only cc. I knew my score was significantly higher for Transunion. I googled "credit card approval Transunion credit score". Lo and behold found Creditpulls. Because it helped, I came back to post my approval on Creditpulls and "found" Creditboards. Credit scores/reports/repair = deep end of pool. Me = doggy paddling. Creditboards = water wings or raft or lifeguard or CPR or class or adult swim or coach or team depending on how underwater one is. Only analogy I could think of.
  17. Agreed, but oh so tempting because the payments listed for the vehicle(s) I'm interested in are $200 - $300 lower than my worst case estimated payment and $100 lower than my best case estimated payment. Who knows? Perhaps they put $5000 down, paid no sales tax and got an interest rate of .03. Thank you.
  18. In theory swapping a lease seems a great idea. Is it a great idea in practice? To assume someone's lease you need to use, and be approved by, their finance company - is this treated any differently than if you applied to lease the car intitially? Thanks!
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