Approval

[CostantinoA]

I started building my credit again September 2014.  I needed a car and they aprroved me from Honor Fianance for 28% interest (Honor Fiannce).  I made my 10th payment and went back to the dealer and now they approved me for 9.99% from GM Financial.  My updated scores as of today are in my signature.  Considering my scores are still low, I am happy with the 9.99%.  I will pay on this car for about 1 year and then either refinance or trade it in.  I am glad to be out of the high 20% interest rate. :-)

[golo]

Congrats and keep on grinding!

[jim44]

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@CostantinoA wrote:

I started building my credit again September 2014.  I needed a car and they aprroved me from Honor Fianance for 28% interest (Honor Fiannce).  I made my 10th payment and went back to the dealer and now they approved me for 9.99% from GM Financial.  My updated scores as of today are in my signature.  Considering my scores are still low, I am happy with the 9.99%.  I will pay on this car for about 1 year and then either refinance or trade it in.  I am glad to be out of the high 20% interest rate. :-)

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Congratulations!  And if you can afford to pay a little extra each month you can save on interest and payoff your car sooner. 

[CostantinoA]

When I was in the dealer the other day getting my window tint, I was talking to finance manager about getting a second car for my wife and they approved it!  The interest rate is 16.99% on second loan with 9.90% on first one.  It was better than before which was high 20%.

[CostantinoA]

When I paid extra on the loan I had with Honor it is just counted toward the next months payment.  I want the extra to apply to principle.