loans

[xsoarerx]

also, if you get a loan, make sure the way you pay it doent attract fees.

i had a friend they bought a brand new 2000 mitsy marage (sp?) there "on road costs" were around 16,990 at the time.

he got finance and got screwed with a few "extra costs" that he could of talked down if he wasnt so dim.

was paying it off and then got a letter in the mail about 2 years in saying on top of the loan amount he owed 200 odd in fee's for paying it at the post office and was stung a late fee for not paying them even tho he never got a warning.

long story short, direct debits were free so he changed to that.

he's a qualified chief and 6 years on he hadnt payed off his 16,990+extra's and resulted in a 30g blow out on the lown.

he now owns a bug eye wrx that he paied 27g on and it came with a roady and choped springs.... bahahahahahahahahahahahahahahahahahahah

[federal]

On $20000 at a variable rate with Income Insurance over 7 years comes out to about $86 a week and $32,000 in final payment....

[fatknacker77]

So ultimately.

Say for example you owe 3grand on a credit card due to loss of work and shit.
And you wanted a new car.
I currently have a 95 Lancer CC Coupe that is clean as.
Well.. somewhat.

If i wanted to trade that in, and get something different, would it be best to take out a personal loan for like 8k... pay of the credit card, cut the f@#$in thing up and toss it, then trade in the lancer and get something different with the left-overs?

[muncher]

whats the difference in having a credit card loan (using the cerdit card as a loan) over a personal loan btw?

[fatknacker77]

<div class='quotetop'>QUOTE (muncher @ Jun 2 2008, 01:24 AM) </div>Intrest rates i reckon mate.
My credit card rapes me in intrest.
I gotta get rid of it asap.
It's a bad omen.