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No specific place to ask this

Regular Contributor

Re: No specific place to ask this

Thanks Fair. Maybe I'm better off paying on it for a little while. I would love to eliminate the debt, and I'm able to. But not at the expense of loosing what will be a strong positive on my CR
FICO score tracker

3/19/08: TU-649, EQ-676, EX-656
5/7/08: TU-653, EQ-651, EX-706
1/7/09: TU-659, EQ-667, EX-681 (but now I have my house!)
3/25/09: TU-675, EQ-668
New goal: new car
8/5/09: New car goal met. Developing new goals....
Message 21 of 24
Established Contributor

Re: No specific place to ask this

FaircreditguyFL wrote:

beenthere wrote:

Everything you pay monthly at the start will be interest so after paying on the account for 2 or 3 months the principle will still be nearly the amount you barrowed. The account will show PIF or paying as agreed for 7 more years.

What kind of car do you have that losy its transmision in 60K miles?

The account may not stay on your report for 7 years.  In August 2007, I took out a $3500 installment loan and paid it in full in 4 months.  The account reported to each of the CRAs but, as of last month, the account only reports on EX. 


Perhaps an exception to the rule,


That is a fluke of some sort and not part of any process I asure you. Paying off a lone in short order has nothing to do with whether an agency chooses to keep reporting it or no.
1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Message 22 of 24
Senior Contributor

Re: No specific place to ask this

C-XRS2005 wrote:
Sorry to hear about you tranny.  Buy a Toyota or Honda next time Smiley Happy


Since I bought my first car in 1982 I have owned five cars:


5. I currently have a 2000 Camry with automatic tranny (bought in 2004)


4. Before that, a 1994 Corolla with manual tranny (bought in 1999)


3. Before that a 1988 Subaru with manual tranny (bought new)


2. Before that a 1984 Honda Civic with automatic tranny (bought new)


1. Before that a 1978 Buick Skylark (bought in 1982) , first car I ever owned, without going into detail I'll simply say this car was the reason I haven't bought a GM product since.


You will notice I keep them a while.  None of them has ever needed a tranny rebuild, and I kept all of them for a lot more than 60K miles.  On that Subaru the synchronizers failed about six months after I got the car, and a friend who was a mechanic advised me not to have them fixed because opening up the tranny to fix them could do more harm than good so I should just be careful to avoid grinding gears.  That advice was apparently sound because I drove that car for a over 10 years without the synchronizers.


For those unfamiliar with stick shifts: once upon a time none had synchronizers so the driver had to be careful to match engine speed when shifting gears.  Most manual trannies today have a mechanism that does this synchronization automatically, but as my experience demonstrates this is not an essential feature: with a modicum of care one can drive just fine without it (and my parents' generation took the need for manually synchronizing engine speed for granted).


That little Subaru had one other trivial failure early on: as in many cars the dome light had a three-position switch (on/off/door) which consisted of a piece of metal on a pivot so it could engage one of two contacts or none.  Attached to the metal lever was a plastic handle that fell off six weeks after I got the car.  Since it was just as easy to operate the switch by pushing directly on the metal lever, I never bothered to get that fixed either.


TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Message 23 of 24
Moderator Emeritus

Re: No specific place to ask this

86 Ford Escort Pony -- Manual (eh, it was a starter car)

86 Toyota Celica ST -- Manual (loved it)

90 Toyota Celica GT -- Manual (loved it, too)

99 Mitsubishi Mirage DE -- Auto (never again)

05 Saturn Ion 3 -- Manual (loved it)

08 Saturn Vue XR -- Auto (currently loving it -- especially the rain sensing windshield wipers!)


All of the non-Saturn cars were used.  I couldn't get financed for a Toyota or a Honda when I bought the Mitsu, but that was proof that not all Japanese cars are good.  So, after being burned, I decided to try domestic again.  I'm glad I did.  It wasn't some super patriotic decision, especially since my Vue was manufactured in Mexico, but rather an economic one.  I could AFFORD the Ion's lease payments and I loved everything about the car.


We could debate leasing vs buying, but I'm convinced leasing is the best option for me.  Every time I've paid a car off in full, I've traded w/in the next 6 months.  I really value the reliability and the warranty.  I don't want to do anything other than oil changes and gasoline.


I have two years before I need to worry about what I'll be driving.  I've kept my eye on the Toyota Venza.  I do wish it was a little 'taller' though.  I love sitting up high on the road!

From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 24 of 24