Originally posted by Kidicious
I basically have no credit at all. Anyone who would give me credit for a car is going to try to rape me.
I basically have no credit at all. Anyone who would give me credit for a car is going to try to rape me.
Really low interest rate, good for your credit score.
It freezes the $1500, but, as you pay the loan, that same payment is unfrozen.
If you pay off the loan, you then have your original $1500.
We did this for $5000 over 3 years, total interest on the loan is something like $167, and with assets unfreezing as we pay, it's like we are simply paying ourselves.
We did this with bad credit, now we are in a position to finance a house.
ACK!
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