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Old 12-19-2005, 09:31 PM   #1
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Default Credit rant

try being under 21, having parents and family that are all dead or live out of the country, on a 2nd long term "real job", having a credit card limit which is half of a bi-weekly paycheck.....and trying to get ANY credit to buy a car with over 100,000 miles or older than 5 years.



just aint gonna happen


I guess I will have to do it the old fasion way before they had "credit"
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Old 12-19-2005, 09:35 PM   #2
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Default Re: Credit rant

Quote:
Originally Posted by Hans
try being under 21, having parents and family that are all dead or live out of the country, on a 2nd long term "real job", having a credit card limit which is half of a bi-weekly paycheck.....and trying to get ANY credit to buy a car with over 100,000 miles or older than 5 years.



just aint gonna happen


I guess I will have to do it the old fasion way before they had "credit"
Or you could go to one of those "show us a paystub and two forms of ID and get credit" places that charges 21% interest. That'* where I got my '95 SE. I didn't finance the whole car but I could have.
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Old 12-19-2005, 09:43 PM   #3
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i got my $4600 loan from a bank that i just got an account with...

with no help from family members

i have no credit either, she just went off all my bill stubs, the last 6 months.. i hadnt missed a payment date, so she trusted me...

my checks are about 850-900 bi-weekly... care to share what ur getting?
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Old 12-19-2005, 09:45 PM   #4
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Default Re: Credit rant

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Originally Posted by 1995BvSSE
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Originally Posted by Hans
try being under 21, having parents and family that are all dead or live out of the country, on a 2nd long term "real job", having a credit card limit which is half of a bi-weekly paycheck.....and trying to get ANY credit to buy a car with over 100,000 miles or older than 5 years.



just aint gonna happen


I guess I will have to do it the old fasion way before they had "credit"
Or you could go to one of those "show us a paystub and two forms of ID and get credit" places that charges 21% interest. That'* where I got my '95 SE. I didn't finance the whole car but I could have.

no thanks lol. they got a lot of title loan places though, hopefully they will toe my current car away as long as I get a decent amount for it...(and tarnish my credit record in the process lol)
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Old 12-19-2005, 09:49 PM   #5
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Default Re: Credit rant

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Originally Posted by Hans
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Originally Posted by 1995BvSSE
Quote:
Originally Posted by Hans
try being under 21, having parents and family that are all dead or live out of the country, on a 2nd long term "real job", having a credit card limit which is half of a bi-weekly paycheck.....and trying to get ANY credit to buy a car with over 100,000 miles or older than 5 years.



just aint gonna happen


I guess I will have to do it the old fasion way before they had "credit"
Or you could go to one of those "show us a paystub and two forms of ID and get credit" places that charges 21% interest. That'* where I got my '95 SE. I didn't finance the whole car but I could have.

no thanks lol. they got a lot of title loan places though, hopefully they will toe my current car away as long as I get a decent amount for it...(and tarnish my credit record in the process lol)
Yeah, the types of places that offer those types of loans typically sell "wholesale" cars too... they get you around, but you may already be driving nicer vehicles than you would find on some of those lots! I know my '95 SE was definitely a "wholesale" car, but it did get me around for a while... probably would have kept going too if I had decided to get it fixed.
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Old 12-19-2005, 10:06 PM   #6
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are you saying that you want a loan for a car over 5yrs old with over 100k miles on it?? many banks would not be interested in loaning most people money for a car that most likely will not live through the duration of the loan, and therefore risk your non payment because you cant drive the car
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Old 12-19-2005, 10:35 PM   #7
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Quote:
Originally Posted by toastedoats
are you saying that you want a loan for a car over 5yrs old with over 100k miles on it?? many banks would not be interested in loaning most people money for a car that most likely will not live through the duration of the loan, and therefore risk your non payment because you cant drive the car

yeah 100K is the limit for most banks and most dont like anything over 3 years

I only wanted a 12 month loan though
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Old 12-19-2005, 10:43 PM   #8
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what car you looking at?
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Old 12-19-2005, 11:25 PM   #9
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Default Re: Credit rant

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I guess I will have to do it the old fasion way before they had "credit"
Believe me, this is by far the best option... although I understand the instant gratification aspect suffers the most this way. Teach yourself now to avoid consumer debt at all costs, and you'll live a very enjoyable life with no regrets further down the road.
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Old 12-19-2005, 11:42 PM   #10
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Quote:
try being under 21, having parents and family that are all dead or live out of the country, on a 2nd long term "real job", having a credit card limit which is half of a bi-weekly paycheck.....and trying to get ANY credit to buy a car with over 100,000 miles or older than 5 years.



just aint gonna happen


I guess I will have to do it the old fasion way before they had "credit
You must live in a sh*T location. I bought the LSS L67 when I was 20, no questions asked and got a 3 yr/ 36,000 mile powertrain warrenty. Payments are $168 a month and is at 6% interest. Come here to MN and buy from Buy Rite Motors, Austin, MN. No, i'm not spamming for them. They are just that good.
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