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Frequent Contributor
dddfresh
Posts: 390
Registered: ‎01-11-2013
0

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
Frequent Contributor
codimom
Posts: 395
Registered: ‎09-08-2010
0

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
Valued Contributor
tcbofade
Posts: 2,533
Registered: ‎09-26-2011
0

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.  :smileyhappy:

 

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

 

 


Current Scores: EX 694 (FCR) TU08: 650 Wally. 12/10/14
Last app 05/29/2014.
Being held hostage in the garden until 06 January 2015!
Zero percent financing is where the devil lives...
Regular Contributor
snsforever916
Posts: 144
Registered: ‎06-28-2012
0

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! :smileysurprised:)

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 :smileysurprised:)
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!!!



Regular Contributor
aplast
Posts: 150
Registered: ‎06-20-2012
0

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!

American Express Green - NPSL, Sams Club Discover - 4000, Paypal Smart Connect - 4000, Capital One - 3500, Barclaycard Visa - 2500, Walmart - 1500, Discover IT - 1000, Ashley Furniture Home Store - 1000, Care Credit - 1000.
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

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. :smileyhappy:


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
Frequent Contributor
dddfresh
Posts: 390
Registered: ‎01-11-2013
0

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 :smileyhappy:

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
Frequent Contributor
newportguy
Posts: 351
Registered: ‎11-11-2012
0

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 :smileyhappy:

I am so Glad it all worked out of you :smileyhappy:   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 *****
Valued Contributor
beb86
Posts: 1,115
Registered: ‎10-31-2011
0

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 :smileyhappy:

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


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

ccpics2.jpg
Frequent Contributor
dddfresh
Posts: 390
Registered: ‎01-11-2013
0

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

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