Best bank to get a personal/car loan from?

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36 posts
Randiesel75
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Postby Randiesel75 » Sat Jan 05, 2013 11:24 am

Great advice, DJ.


paparoach429
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Postby paparoach429 » Sun Jan 06, 2013 12:10 am

@ "dzrez4", why is there still 4 instead of 1? Was the time span more than a month? Maybe Im just thinking into all this credit stuff too much!

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djrez4
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Postby djrez4 » Sun Jan 06, 2013 8:57 am

paparoach429 wrote:@ "dzrez4", why is there still 4 instead of 1? Was the time span more than a month? Maybe Im just thinking into all this credit stuff too much!


When we all talk about inquiries combining, we don't mean that all except one literally disappear from your reports. We mean they still show up, but only count as one for scoring purposes. Mine disappeared through other avenues.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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paparoach429
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Postby paparoach429 » Sun Jan 06, 2013 11:49 am

Oh ok thank you guys for your responses!

cashback
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Postby cashback » Sun Jan 06, 2013 11:58 am

paparoach429 wrote:@ "dzrez4", why is there still 4 instead of 1? Was the time span more than a month? Maybe Im just thinking into all this credit stuff too much!


You're definitely over thinking it. When it comes to you finding a good interest rate that can save you thousands over the life of the loan and worrying about your credit inquiries, its an easy decision to me which is more important.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Dylan1982
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Postby Dylan1982 » Wed Jan 09, 2013 1:48 am

Local credit unions are usually the best
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

paparoach429
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Postby paparoach429 » Wed Jan 09, 2013 3:55 am

@ "cashback", thats definitally true. Good point. Especially since I wont be buying a house anytime soon and I just recently got my Amex! :) The only other thing Im going to want for a while would possibly be one more card. Either Discover, or the Freedom. Anyhow, does the year, color, mileage, type of car really change factors in getting approved for the loan? What do you guys think I would qualify for on a "$10,000ish" loan with an average credit score just under 700?

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djrez4
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Postby djrez4 » Wed Jan 09, 2013 6:46 am

paparoach429 wrote:@ "cashback", thats definitally true. Good point. Especially since I wont be buying a house anytime soon and I just recently got my Amex! :) The only other thing Im going to want for a while would possibly be one more card. Either Discover, or the Freedom. Anyhow, does the year, color, mileage, type of car really change factors in getting approved for the loan? What do you guys think I would qualify for on a "$10,000ish" loan with an average credit score just under 700?


Sure, at varying rates from different lenders. The only other thing you need to know is that lenders generally don't like to lend for used vehicles that are more than 4-5 years old.
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DavidNY
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Postby DavidNY » Wed Jan 09, 2013 9:23 am

A credit union is often a good choice for a car loan

FutureBillionaire
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Postby FutureBillionaire » Wed Jan 09, 2013 7:12 pm

Shop around, but credit unions are likely going to be best.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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