Re: Need help!!!!
01-17-2013 06:52 AM
Hmmm. I agree with Revelate, but when I was in your spot, I did it very differently.
I drove a 1993 Ford Escort until 462,000 miles worth of a blown head finally caught up to me. I limped it into the local Ford dealership with smoke pouring out of both ends, literally.
With no established credit and a two year old BK.
I drove out in a used 2007 Focus (in late 2007) and a 23% interest rate.
Six months later, I refinanced at 18 %
Six months later, I was hoping to refinance down to 12% or so, and got 6.9%.
When you get so afraid about your cars reliability that it starts costing you sleep, I say bite the bullet, get the "less than ideal" loan and make your payments ON TIME, then refinance later!
Last app 08/08/2012. App free in 2013!
Current Scores: EX 665 (FCR) TU: 668 (Wally) EQ: Your guess is as good as mine.
Zero percent financing is where the devil lives...
Last app 08 Aug 12. Next app 01 January 2013.