Refinance a 21.44% APR car
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 23% |
| Lender Rate: | 17% | Borrower: | ThriftyMonkey |
| Finished | State: | CA | |
| Funded: | 100% | Group: | PsychDoc's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-05-19 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Jul 12, 2006 | Current |
| Dec 14, 2006 | Payoff in progress |
| Dec 16, 2006 | Paid |
|
Hi! I would like to pay off early my 21.44% APR car. My original loan was for near 6,000. I have had it for a year and the remaining balance is 3900. I will throw in 900 in the next two paychecks, and I was hoping to pay off the rest with this loan, in one sum, and in turn pay this loan off at a somewhat better rate to you guys. Thruthfully, I hoped for a better than D rating APR, but it is better than 21.44. A year ago I knew nothing about APR?s, credit scores, or payments. I knew I needed a car to get to work, and only one finance company gave me a chance at it. This [21.44 APR] prompted me, however to look into my credit. I had made some mistakes (charge off 3 cards and bounce two checks, and mistakenly inherit someone else's (?) Sprint account) in college, didn?t look back and didn?t have a single tradeline to show that I?ve graduated, joined real world and changed. I had been under the very mistaken impression that in 7 years you start over with a FICO of 850. 4 years later, I have been actively working on it, and improving it over the past year. I?ve got a 3 year old verizon chargeoff left over as my remaining negative (the termination fee makes show as two), and I have been negotiating this to achieve completely clean reports, and now quite a few positive accounts (14). I've been watchign my FICO go up from 502 to 625, and a bit higher each month. Our goal ultimately, is of course, a house, and we are saving, and I'm watching my credit like a hawk. I have been able recently to finance two bikes at 7.9%. I tried then to refinance the car, but the car is too old (1995) and has too many (125000) miles. Not a whole lot of equity but a great little tiny mileage car (picture to come), as we like to take trips. My current car payment is 250, and it?s not much; but so little of it goes towards the principal. Lately I have been overpaying by a 100-150 dollars, but I called last week and turned out unless I send payment separately, mark it accordingly, and call in advance, they do not go towards principal - somethign I did not know. I have not been late on this loan (or any other). I am not struggling or in debt. I would simply like to pay this loan early (I feel they?re gotten a fair share of interest). This seems like a terrific opportunity, and I hope you can help me out and make a little money in the process. My utilization is based on my income only, although my husband obviously participates in bill pay, and it went up to 23% from 20% with this loan, though it will be used to pay off a loan. We bring home post tax 5900 dollars, so repayment is never an issue. I have also spent so much time, and money on certified mail that it is my current goal in life to reach the top, and stay there, with the lowest rate financed house on the planet :) Anything else you may like to know ? I am a college graduate, happily married, steadily employed (both of us), .. and feel free to contact me for any other info. I will be happy and able to verify everything I said with hard copies of pay stubs, taxes, credit reports, etc., I feel this is a fantastically safe loan for bidders, and a great help for me! |
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