App'ing for my second card in same week

[myjourney]

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@Anonymous wrote:

I'm not sure. I could see BCP being a little harder to get but I have no idea.

If you don't get instant approval, don't fret. I didn't get instant approval but 5 days later my App status said approved.

In other news, I just app'd for Freedom and I did get instant approval

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Congrats again

[Anonymous]

Grats!

I kept thinking the other Chase card u wanted was CSP. Then I went back and re-read, and realized you've been saying Freedom all along lol.

It's a great card! I plan to get it sometime this year, provided I get approved for Amex first <_<

[Anonymous]

Ahaha. Yeah, I have no need for CSP as I don't travel too much and stuff. I was the same - I wanted the AMEX first. You have a strong chance with <10% util

I'm laying low for a while - too many hard pulls recently lol.

[Anonymous]

Thanks!

I regret getting this car loan so much. I could have paid in full, but everyone told me getting a car loan helps improve my credit history, so I went ahead and financed the minimum amount.

If I had ever known they were gonna do so many HPs, I would have never agreed to it lol.....

[Anonymous]

Yeah I could have kindaa paid in full as well. Once I sold my current car, I would have enough to pay in full without a loan. I didn't want to sell through a dealership since I wanted the most money I could so I listed it on Craigslist and it was sold a month later lol. I have enough to pay it off and will do so next week to save on all this interest crap even though my APR is only 2%

[Anonymous]

when you pay more than the monthly payment required, does it still require the same monthly payment next month? or is it going to be your monthly payment minus whatever you paid in excess the previous month?

i know honda financial works that way when i financed my honda, but not sure about bmw.

if it works the same way i'm just gonna pay off everything except $10 and drag the $10 on until the last month of the loan.

[scenery_guy]

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@Anonymous wrote:

Yeah I could have kindaa paid in full as well. Once I sold my current car, I would have enough to pay in full without a loan. I didn't want to sell through a dealership since I wanted the most money I could so I listed it on Craigslist and it was sold a month later lol. I have enough to pay it off and will do so next week to save on all this interest crap even though my APR is only 2%

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The auto loan is a done deal and it cost you a few HP so you need to take advantage and keep paying monthly. It's better to make the payments even if you can afford to PIF. Part of your FICO scoring is based on these type loans. We seem to put a lot of value on credit cards and PIF but it's going to help you to let the auto loan run full term. 

No doubt you have the cash to pay it off now but I would suggest depositing the cash in a checking or savings account that does to have monthly fees and set up auto pay. In the end your credit will mature and benefit for this move. It's worth the 2% interest you will be paying. 

[Anonymous]

Idk man. My loan is for 5 years and interest is about $23 a month. If I can pay it off now and save $23 a month, my credit score can kiss my ash lol. I'm a college student, so thats quite a bit of cash to save. My EQ was 793 last summer so I think I'm doing fine plus I have my whole life to be in debt - mortgage etc plus I may have to end up pulling some college loans.