G'afternoon, folks-- Just wanted to give you a quick update here. I have had no other 'orange/gold' offers since I took this quick loan (Not surprising for my profile.) As I said, my primary objective here was to take them up on the $1K at 10 % (of which I requested $750 and got it).
Well, I paid it off this week, because... well, why pay 10%? That same afternoon, I went back into my account: lo & behold there was a Gold preapproval offer to then borrow $2K instead of just the $1K that was initially offered months ago. 60 days, no payments, 10% interest. Same as the other. I didn't want to click it to determine term, but I assume it was also one year.
Honestly, I think I'll pass-- I'm trying to pay stuff down and not take more out debt, and that would be my second-highest interest rate at this moment (another reason I paid it off.)
--but again, maybe down the line I'd rather build rapport with them and pay 10% instead of 12% on something.
YMMV, obviously, but this might reflect a 'ladder' to accessing real money from them. I'm interested in anyone's knowledge or thoughts.
Thanks!
Thank you! Yes, that would have coincided here! Are you aware of any other magical benchmarks?
@Pit-Smoker wrote:G'afternoon, folks-- Just wanted to give you a quick update here. I have had no other 'orange/gold' offers since I took this quick loan (Not surprising for my profile.) As I said, my primary objective here was to take them up on the $1K at 10 % (of which I requested $750 and got it).
Well, I paid it off this week, because... well, why pay 10%? That same afternoon, I went back into my account: lo & behold there was a Gold preapproval offer to then borrow $2K instead of just the $1K that was initially offered months ago. 60 days, no payments, 10% interest. Same as the other. I didn't want to click it to determine term, but I assume it was also one year.
Honestly, I think I'll pass-- I'm trying to pay stuff down and not take more out debt, and that would be my second-highest interest rate at this moment (another reason I paid it off.)
--but again, maybe down the line I'd rather build rapport with them and pay 10% instead of 12% on something.
YMMV, obviously, but this might reflect a 'ladder' to accessing real money from them. I'm interested in anyone's knowledge or thoughts.
Thanks!
I've been with them around 2 1/2 years, and haven't been able to get any "real money" from them. To me, they seem to be pretty conservative.
lol. It's quite possible that our ideas of real money differ just slightly!
(...I see that little DCU CC in your siggy.....) :-) :-)
Thanks for the Heads up, though-- I'd be looking for an upcoing car loan, a CC.... options, if you know what I mean. Access to options.
@Pit-Smoker wrote:lol. It's quite possible that our ideas of real money differ just slightly!
(...I see that little DCU CC in your siggy.....) :-) :-)
Thanks for the Heads up, though-- I'd be looking for an upcoing car loan, a CC.... options, if you know what I mean. Access to options.
I got that credit card with that credit limit 2 1/2 years ago. Have not been able to get a CLI.
in my case, @Anonymous , the only preapproval is the $2k Quick loan. My other options remain green. I can apply, but there's no preapproval.
I agree with you on a 0.0% or 0.9% new car purchase from a dealer, but for a used car, a private seller, a new-but-dealer-used vehicle, or just in general, it's good to know what you might 'walk into a dealer' with up your sleeve.
If I could refi out of my near-7% auto loan rate, I most assuredly would.
I just found something interesting on my quick loan taken out last month.
Originally the first payment was deferred for two months so it was scheduled for December but logging in yesterday it shows first payment due in February.. Kind of interesting
