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800 LOAN MART and personal loan experience :(

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dddfresh
Frequent Contributor

Re: 800 LOAN MART and personal loan experience :(

You guys/ladies saved me thousands of dollars. I dont make terrible money, I just got in a jam with moving, holidays, a switching jobs. I am so thankful

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 46 of 61
codimom
Frequent Contributor

Re: 800 LOAN MART and personal loan experience :(

I am stuck at home, working from the comfort of my sofa (beats a sick day) and watching daytime tv while I'm working.  Those "Western Sky" ads keep showing on Spike, so I looked them up.  a 10k loan, nets the borrower 9925, payments of over 700 for 84 months.. almost 70% interest.  it works out to paying back 64k for a 10k loan.  and since it IS a reservation, they don't have to follow the same rules.  Its painful to think people HAVE to turn to this predatory lending to survive.  I'm glad you came here and found other options.

Back in the garden!
App free since 23Oct2012 reset to 27Aug13 and reset again 4nov13
Message 48 of 61
tcbofade
Super Contributor

Re: 800 LOAN MART and personal loan experience :(


@dddfresh wrote:
You guys/ladies saved me thousands of dollars. I dont make terrible money, I just got in a jam with moving, holidays, a switching jobs. I am so thankful

That's why we're here.  Smiley Happy

 

Just stick around and share YOUR knowledge with the next person who needs it. 

 

 

02/01/24 Fico 8: EX 757, EQ 803, TU 783.
Fico 9: EX 760 12/16/23, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 50 of 61
snsforever916
Regular Contributor

Re: 800 LOAN MART and personal loan experience :(


@dddfresh wrote:
You guys/ladies saved me thousands of dollars. I dont make terrible money, I just got in a jam with moving, holidays, a switching jobs. I am so thankful

What did end up chosing? If it was what I suggested, check your personal e-mail, I sent you something. If not, good luck and I hope it works out for ya! Smiley Surprised)

Starting Scores:
Lender Pull 7/10/2012 EQ 585 EX 617 TU 551
8/2012 MyFico EX 598 01/2013 EX 608 2/2013 EX 620 Smiley Surprised)
9/12/2012 624 (Fico Discover)
02/7/2013 660 (Fico Wally)
At least I'm heading in the right direction!!!

Goal Score:740+, home loan and Get rid of subprime cards!!!



Message 51 of 61
aplast
Regular Contributor

Re: 800 LOAN MART and personal loan experience :(


@dddfresh wrote:
You guys/ladies saved me thousands of dollars. I dont make terrible money, I just got in a jam with moving, holidays, a switching jobs. I am so thankful

Its what we are here for dddfresh! So glad we could help you not sign that loan! Stick around here and you will really gain some valuable knowledge!

Message 52 of 61
tinuviel
Moderator Emeritus

Re: 800 LOAN MART and personal loan experience :(


@dddfresh wrote:
You guys/ladies saved me thousands of dollars. I dont make terrible money, I just got in a jam with moving, holidays, a switching jobs. I am so thankful

 

I'm so happy that things worked out for you and that our CC forum members were able to provide you with helpful information and advice. That's one of the things that makes this community so valuable. And since your topic involves personal loans, I'm going to move this thread over to the General Credit Topics board. My reasoning is that there are other discussions in that forum regarding personal loans, and perhaps this will catch the eye of someone else that could benefit from this thread. Once again, congratulations on a successful outcome. Smiley Happy


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 56 of 61
dddfresh
Frequent Contributor

Re: 800 LOAN MART and personal loan experience :(

Update...I took my lowes credit card and bought $750 in gift cards which I sold online and got $680 cash for. Then as suggested, I went to progreso financerio and was approved for a $1600 loan within 10hours. Ill pay $140/month for 13 months. Total of $220 interest if I wait the 13 months. I cannot even believe I was almost THAT GUY who got trapped into the modern day loan sharks. I never once thought to myself that it was a good idea, so I know im not stupid, was just in a desparate spot.
As far as the progreso financeria loan, it is a little odd for me because it is aimed at the hispanic community and I am not hispanic and dont speak spanish. However, everyone has been very friendly and we laugh it off.
The loan comes on a debit card immediately or you can wait a week for a paper check. Im picking up the debit card tomorrow and they say you can take $500 cash out at a time.
I hope all goes well tomorrow.


Thank you all again Smiley Happy

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 57 of 61
newportguy
Frequent Contributor

Re: 800 LOAN MART and personal loan experience :(


@dddfresh wrote:
Update...I took my lowes credit card and bought $750 in gift cards which I sold online and got $680 cash for. Then as suggested, I went to progreso financerio and was approved for a $1600 loan within 10hours. Ill pay $140/month for 13 months. Total of $220 interest if I wait the 13 months. I cannot even believe I was almost THAT GUY who got trapped into the modern day loan sharks. I never once thought to myself that it was a good idea, so I know im not stupid, was just in a desparate spot.
As far as the progreso financeria loan, it is a little odd for me because it is aimed at the hispanic community and I am not hispanic and dont speak spanish. However, everyone has been very friendly and we laugh it off.
The loan comes on a debit card immediately or you can wait a week for a paper check. Im picking up the debit card tomorrow and they say you can take $500 cash out at a time.
I hope all goes well tomorrow.


Thank you all again Smiley Happy

I am so Glad it all worked out of you Smiley Happy   All will go well for you, Just have faith !!!


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
*** Amex - BCP 10 K * PenFed - CR 5 K * Amex - GDSM 5 K *
Discover - IT 5 K ***** NO MORE APPS FOR ME IN 2013 *****
Message 58 of 61
beb86
Valued Contributor

Re: 800 LOAN MART and personal loan experience :(


@newportguy wrote:

@dddfresh wrote:
Update...I took my lowes credit card and bought $750 in gift cards which I sold online and got $680 cash for. Then as suggested, I went to progreso financerio and was approved for a $1600 loan within 10hours. Ill pay $140/month for 13 months. Total of $220 interest if I wait the 13 months. I cannot even believe I was almost THAT GUY who got trapped into the modern day loan sharks. I never once thought to myself that it was a good idea, so I know im not stupid, was just in a desparate spot.
As far as the progreso financeria loan, it is a little odd for me because it is aimed at the hispanic community and I am not hispanic and dont speak spanish. However, everyone has been very friendly and we laugh it off.
The loan comes on a debit card immediately or you can wait a week for a paper check. Im picking up the debit card tomorrow and they say you can take $500 cash out at a time.
I hope all goes well tomorrow.


Thank you all again Smiley Happy

I am so Glad it all worked out of you Smiley Happy   All will go well for you, Just have faith !!!


+1 Im so glad you found these forums!!!

Message 59 of 61
dddfresh
Frequent Contributor

Re: 800 LOAN MART and personal loan experience :(

Update again.. I was approved w progreso financeria in California. There are quite a few branches to visit. Most are inside mexican markets but they have someone who speaks english. Yes the contracts and text messages they send are in Spanish but that's what google translate is for.
My experian was 663 when they pulled it. They say they report to experian and TU.
They gave me a $1600 loan at 36% apr. Ends up being a little under $300 interest over the 13 month loan. They take $70 bi weekly. They say if you do well on paying your loan back on time then the next loan will be more money and less interest.

Overall, very nice experience. Very thankful

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 60 of 61
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