i just got out a 7000$ loan

[SicC]

by the way ur not paying 7,000 back...prolly be along the lines of 10,000 to 14,000 depending on your interest rates.

pz

 

[CalcuoCuchicheo]

^
If he ended up paying 14,000 back then I would seriously consider flying over there to slap him.

 

[SicC]

^
If he ended up paying 14,000 back then I would seriously consider flying over there to slap him.

possible, depending on the loan, im assuming its not a school loan, if it were he would have a low interest rate of about 4.0% even lower depending on the loan granted by the goverment, now if its a bank loan or perhaps a place like american general finance it will be about 7 to 8 % depending on his credit, i have a loan through american general finiance for windows i bought for my house, its a 7000 dollar loan and its five years, it will cost me around ten thousand once im done paying it off with interest. now it could be even more for him if he is late all the time. by the sounds of it, he seems he might be...lol

pz

 

[CalcuoCuchicheo]

Yeah, I hadn't taken into consideration that he may be late with payments & shit but then I suppose he'd deserve two slaps for being that fucking dumb.

I'm wary of loans & even you paying back around 3,000 back in interest seems like extortion to me.

The banks & building societies definately make their money - well, 'our' money actually - work for them.

 

[vg4030]

did i do the right thing.?

shouldnt you have asked that BEFORE you took the loan?

i dont think you should have.. unless its in the form of a mortgage or something.. otherwise i dont think there is a need to be in debt

 

[x7productionz]

i havent read the other replies, but do you really think 7,000 will last you for 3 years??


after all, you said you would be broke for the next 3 years, and you wont need money now since you have the 7Gs to buy whatever you want.


How old are you?
do you plan on providing for a family anytime soon?
How do you expect to PAY back the loan if you are "buying" whatever you want, with no income?

 

[Frank Grimes]

im 17, the interest will be real low. ill pay it back within a year

 

[bigmack]

i got a $30 grand credit line and like 20 Gz in credit cards, never used them not even once for credit (unless its something i buy on the net so i pay it back right away),cuz i know if i did its bad trouble

 

[S. Fourteen]

let me borrow $200 for the bus ride home.

 

[Jeremy]

Bad idea, What do you plan on buying with it? Also, you want your rate to be "fixed" because they can raise the interest rate on you every year and you will be paying alot in interest charges.

 

[Maverick-old-account]

Can I borrow $6835? I'll give you rep points.

...nice.

 

[S O F I]

I will give you rep points if you do not use commas in your thread next time.