Need some help - Interest rates - loans

Started by purelife, Apr 13 07 11:53

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49er

#15
Apr 13 07 12:39
Purelife.......you're using 6 years instead of 4 years in the calcs

purelife

#16
Apr 13 07 12:41
oh shoot!  I typed in 6 years rather than 4 years.  Second pair of eyes is good!  

  This loan guy is ripping me off.  GRRR!

49er

#17
Apr 13 07 12:41
purelife wrote:
 Are these rates normal, 49er?  [/DIV]
 these rates are almost illegal!  

purelife

#18
Apr 13 07 12:41
Gawd, 30% and 23%...freaking HIGH for an interest rate!

purelife

#19
Apr 13 07 12:42
That's what I thought.  Credit cards are at 20%.  Geeshus, I'm going to find out how in the heck did this guy quote me that!  

  ADD:  Thanks and blesses to you all. :)

49er

#20
Apr 13 07 12:48
purelife wrote:
 That's what I thought.  Credit cards are at 20%.  Geeshus, I'm going to find out how in the heck did this guy quote me that!  



ADD:  Thanks and blesses to you all. :)[/DIV]
 you're better off at a credit union for personal loans if your company has one

Lise

#21
Apr 13 07 01:01
How about a loan from the Bank of Mom and Dad? They don't charge percentages. Usually.
Always end the name of your child with a vowel, so that when you yell the name will carry.
Bill Cosby.

Sportsdude

#22
Apr 13 07 01:04
that's not happening, pl's parents aren't the 'normal, loving' parents type.  
"We can't stop here. This is bat country."

Sawdust

#23
Apr 13 07 01:06
Hi Purelife,

I'll throw in my 2 cents worth. Anytime someone quotes you a rate, make sure it is qouted as an Annual Percentage Rate (APR) not monthly.

A CA I know won't take out a loan. He swears it better to get a line of credit and use that as needed. It is cheaper than a loan if you put as much money back on it as soon as possible, even if it is only monthly because they only charge you interest on what is outstanding.

Cheers ad good luck.  
The early bird may get the worm, but it's the second mouse that gets the cheese.

49er

#24
Apr 13 07 01:07
I was going to make you a low interest loan 'til I saw your morning comment re. dating  

Lil Me

#25
Apr 13 07 01:10
 Will the Bank of Mom & Dad cosign a Line of Credit?  
 
 Mine is currently at 8.75% (TD Canada Trust- unsecured LOC).  It's a personal LOC that we use for business because the banks don't willingly fork over small business loans for operating capital.
   
"In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it."  Robert Heinlein

Lil Me

#26
Apr 13 07 01:11
great minds think alike Sawdust.  Just read your post.  
"In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it."  Robert Heinlein

Sportsdude

#27
Apr 13 07 01:12
i doubt it.  
"We can't stop here. This is bat country."

purelife

#28
Apr 13 07 01:22
49er wrote:
 I was going to make you a low interest loan 'til I saw your morning comment re. dating  
LOL  You would be an exception, my dear.  So, how about that loan? ;)
 

purelife

#29
Apr 13 07 02:00
Oh, and thank you all for your help.  I've blessed you all (and probably again). :))

  Ok, I'm going to try with my credit union since our company has a relationship together.  :))
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