TheVig Posted August 26, 2019 Share Posted August 26, 2019 When the bottom falls out, their low apr mindset is still gonna drown most of them. peghede, hegemony, greenpotatochips and 2 others 5 Quote Link to comment Share on other sites More sharing options...
hdporter Posted August 26, 2019 Share Posted August 26, 2019 10 hours ago, TheVig said: When the bottom falls out, their low apr mindset is still gonna drown most of them. Looks like heg is confident he knows what this is in reference to, but I could have used the benefit of a small snippet of the post that prompted this ... (show some consideration for the more feeble minded here and take advantage of the "quote" feature ) Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 26, 2019 Share Posted August 26, 2019 47 minutes ago, hdporter said: Looks like heg is confident he knows what this is in reference to, but I could have used the benefit of a small snippet of the post that prompted this ... (show some consideration for the more feeble minded here and take advantage of the "quote" feature ) the median user over there is obsessed with getting cards with the lowest APR. they regularly call their creditors requesting lower APR and cheers when subprime discovery lowers their APR from 21.44% to 18.99%. cliffnotes: they measure self-esteem by APR. many people on CB would advise simple PIF. pacemaker67, centex, MarvBear and 4 others 5 2 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 26, 2019 Share Posted August 26, 2019 another 72 month payment buyer...claims a 744 score yet gets a crap APR and a 6 year loan on a crappy chevvy NEW/USED: New YEAR OF VEHICLE: 2019 MAKE: Chevrolet MODEL: Traverse MILEAGE: 4024 FINANCE/LEASE: Finance PURCHASE PRICE: 30,600AMOUNT OF LOAN: 34,000 (included warranty and gap insurance. Say what you will, I don't like dealing with maintenance) TERM CONTRACTED: 72mos APR/LEASE RATE: 3.69% MONTHLY PAYMENT: 524 ANNUAL INCOME: 85k DEBT TO INCOME RATIO: Nill MISCELLANEOUS COMMENTARY: The loan process took less time than the freaking negotiation with the car dealer. Very nice folk and easy to work with. Note: They did charge me an extra 1% because of a paid collection in 2017 that was not (quite) two years old. Annoying, but acceptable. Otherwise, their rate would have been exceptional. Quote Link to comment Share on other sites More sharing options...
CTSoxFan Posted August 26, 2019 Share Posted August 26, 2019 The concept of what one can do and what one should do is lost of most of the posters there. hegemony and centex 1 1 Quote Link to comment Share on other sites More sharing options...
CTSoxFan Posted August 26, 2019 Share Posted August 26, 2019 (edited) On 8/21/2019 at 5:31 PM, hegemony said: NEW/USED: Used YEAR OF VEHICLE: 2014 MAKE: CHEVROLET MODEL: SILVERADO LTZ Z71 W/ 2LZ PACKAGE MILEAGE: 94K FINANCE/LEASE: Finance PURCHASE PRICE: ~$29,000 (27K + TAX,TAG,TITLE,ETC) AMOUNT OF LOAN: $27,300 TERM CONTRACTED: 66 MONTHS (5.5 YEARS) APR/LEASE RATE: 8.26 MONTHLY PAYMENT: $519.36 ANNUAL INCOME: $40K DEBT TO INCOME RATIO: 45% This is a bad move on so many levels, I can't even begin to start. All I know is that there is a sales guy and Finance Manager who are had one hell of a dinner on this guy... Edited August 26, 2019 by CTSoxFan pacemaker67 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 26, 2019 Share Posted August 26, 2019 7 hours ago, hegemony said: the median user over there is obsessed with getting cards with the lowest APR. they regularly call their creditors requesting lower APR and cheers when subprime discovery lowers their APR from 21.44% to 18.99%. cliffnotes: they measure self-esteem by APR. many people on CB would advise simple PIF. QED https://ficoforums.myfico.com/t5/Credit-Cards/Good-APR-for-714-FICO/td-p/5722611 Quote Link to comment Share on other sites More sharing options...
centex Posted August 26, 2019 Share Posted August 26, 2019 2 hours ago, CTSoxFan said: This is a bad move on so many levels, I can't even begin to start. All I know is that there is a sales guy and Finance Manager who are had one hell of a dinner on this guy... They may have had a spread for ALL of the staff, including the wash jockey. hegemony 1 Quote Link to comment Share on other sites More sharing options...
DPB Posted August 26, 2019 Share Posted August 26, 2019 8 hours ago, hegemony said: the median user over there is obsessed with getting cards with the lowest APR. they regularly call their creditors requesting lower APR and cheers when subprime discovery lowers their APR from 21.44% to 18.99%. cliffnotes: they measure self-esteem by APR. many people on CB would advise simple PIF. It’s almost as though PIF talk is banned there. Then when they get in over their heads with debt, they end up places like here asking for help. hegemony 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 27, 2019 Share Posted August 27, 2019 On 8/26/2019 at 2:31 PM, hegemony said: QED https://ficoforums.myfico.com/t5/Credit-Cards/Good-APR-for-714-FICO/td-p/5722611 Should I accept a card with high apr? Quote Link to comment Share on other sites More sharing options...
DPB Posted August 27, 2019 Share Posted August 27, 2019 1 hour ago, hegemony said: Should I accept a card with high apr? The first response would have actually been really good advice if he had ended his comment after the 6th word. Quote APR doesn’t matter if you PIF and if you can’t PIF, you’ll want a sub-10% basic credit card from a CU or whatever rather than a 14+% cash back card.I would never hold off on getting a card I want because of the APR. hegemony 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 27, 2019 Share Posted August 27, 2019 these folks must not work, go to school, or have hobbies... what a waste of time Discover APR reduction 20.24% --> 17.49% Quote Link to comment Share on other sites More sharing options...
pacemaker67 Posted August 28, 2019 Share Posted August 28, 2019 (edited) On 8/26/2019 at 3:33 PM, CTSoxFan said: This is a bad move on so many levels, I can't even begin to start. All I know is that there is a sales guy and Finance Manager who are had one hell of a dinner on this guy... 27K for a 5 year old pick-up? What have we become? @ 40k yearly with that payment, he should go all out and look for a cheap trailer to latch onto the back since he may have to live in it. Edited August 28, 2019 by pacemaker67 hegemony 1 Quote Link to comment Share on other sites More sharing options...
cv91915 Posted August 28, 2019 Share Posted August 28, 2019 10 hours ago, hegemony said: these folks must not work, go to school, or have hobbies... what a waste of time Discover APR reduction 20.24% --> 17.49% CreditCuriosity Moderator 08-14-2019 06:10 PM Re: Discover APR reduction 20.24% --> 17.94% Congrats... Would of thought of got a bit better than you did with an 850 score.. hegemony 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 28, 2019 Share Posted August 28, 2019 So did I screw myself by requesting a CLI (online) in Feb, which resulted in a SP, which then triggered some algorithm that determined my rate was too high Amex raised my rate 4% and I didn't even know...!!!!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 31, 2019 Share Posted August 31, 2019 HAHAHAHAHAHAHHA in thread "do you care about APR?" "Low APR are the last stage of credit perfection. It's the only thing a bored MyFICO'er can toy with after he/she has mastered everything else." Quote Link to comment Share on other sites More sharing options...
greenpotatochips Posted August 31, 2019 Share Posted August 31, 2019 Man, there are so many days where I look back at that forum and wonder how so much of that impulsive mindset is encouraged there and treated like it's no big deal. It's quite a shame. Apply for a bunch of crappy cards just to brag about it all the time and getting yourself in a deep financial hole. hegemony and wingwalker 2 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 31, 2019 Share Posted August 31, 2019 40 minutes ago, greenpotatochips said: Man, there are so many days where I look back at that forum and wonder how so much of that impulsive mindset is encouraged there and treated like it's no big deal. It's quite a shame. Apply for a bunch of crappy cards just to brag about it all the time and getting yourself in a deep financial hole. don't forget... after getting crappy cards you need to call and ask for an APR decrease and then brag when comenity lowers your Dollar Store APR from 29.99 to 28.99!!!! greenpotatochips 1 Quote Link to comment Share on other sites More sharing options...
greenpotatochips Posted August 31, 2019 Share Posted August 31, 2019 (edited) 11 minutes ago, hegemony said: don't forget... after getting crappy cards you need to call and ask for an APR decrease and then brag when comenity lowers your Dollar Store APR from 29.99 to 28.99!!!! Hahahaha! Exactly what I'd see there back when I read it in college and getting sucked into that insane world, and eventually making those mistakes that screwed me over credit wise for several years. It sucks that I didn't find CB first back then, but it was all a good learning experience and with my rebuild, I've taken a much more strategic, logical approach and yes, embracing PIF all the way and already seeing my FICOs climb right back up in a matter of weeks. Got a long way to go, but there's so much wealth of information and cautionary tales to remind myself of where I wanna be and where I don't wanna be in the next year or two if all goes well. I would never recommend anyone wanting to build or rebuild to ever join that place. You'll get some messed up ideas, rack up tons of unnecessary inquiries, and be on the road to financial ruin with all the bad habits one can pick up there. Edited August 31, 2019 by greenpotatochips wingwalker and hegemony 2 Quote Link to comment Share on other sites More sharing options...
hegemony Posted August 31, 2019 Share Posted August 31, 2019 11 minutes ago, greenpotatochips said: Hahahaha! Exactly what I'd see there back when I read it in college and getting sucked into that insane world, and eventually making those mistakes that screwed me over credit wise for several years. It sucks that I didn't find CB first back then, but it was all a good learning experience and with my rebuild, I've taken a much more strategic, logical approach and yes, embracing PIF all the way and already seeing my FICOs climb right back up in a matter of weeks. Got a long way to go, but there's so much wealth of information and cautionary tales to remind myself of where I wanna be and where I don't wanna be in the next year or two if all goes well. I would never recommend anyone wanting to build or rebuild to ever join that place. You'll get some messed up ideas, rack up tons of unnecessary inquiries, and be on the road to financial ruin with all the bad habits one can pick up there. to be fair, there are some people over there with logical views on things... too bad they are drowned out by community college rejects like that mean-joe-credit and beerbelly-body-shots pacemaker67 and greenpotatochips 2 Quote Link to comment Share on other sites More sharing options...
greenpotatochips Posted August 31, 2019 Share Posted August 31, 2019 It always seemed like anytime those people would speak up, they'd get dogpiled by the rest of the cultists. I had some PMs with someone at the time who was very frustrated because he was giving out so much good advice and the admins got all angry with him and giving him suspensions. Quote Link to comment Share on other sites More sharing options...
hegemony Posted September 1, 2019 Share Posted September 1, 2019 On 8/4/2019 at 2:48 PM, hegemony said: what kind of mental illness does the OP of this thread suffer from????!!! and the congrats replies!!!????! community college drop-out warning!!!! perhaps this slow-witted poster is trolling the read of the cesspool but probably not. Quote Link to comment Share on other sites More sharing options...
TheVig Posted September 1, 2019 Share Posted September 1, 2019 1 hour ago, hegemony said: community college drop-out warning!!!! perhaps this slow-witted poster is trolling the read of the cesspool but probably not. Saying that he reached the "Triple Lindy Pinnacle" is a total lack of respect to the memory of the man who never got any respect. wingwalker, hegemony and centex 1 2 Quote Link to comment Share on other sites More sharing options...
cv91915 Posted September 1, 2019 Share Posted September 1, 2019 $13k on a Discovery. How very. hegemony 1 Quote Link to comment Share on other sites More sharing options...
greenpotatochips Posted September 2, 2019 Share Posted September 2, 2019 I had never seen this Joe character post before, but he seems like an obnoxious one. A ton of exposure from Discover in such a short time too. Is it me or have the quality of the posts gone down even further over the years? wingwalker and hegemony 2 Quote Link to comment Share on other sites More sharing options...
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