holy financial kick to the balls· Page 3

rabidgopher04
Member

13 years ago

I have $9,500 left.

If I sell it outright, according to Kelley Blue Book.
Excellent $11,606
Very Good $11,156
Good $10,756
Fair $9,406

I tried refinancing it through my bank and was denied. Kind of a kick to the gut when you've had two credit cards up to date and been making payments on student loans for two years and a car payment for more than a year with nothing in the last at least two years ever being late ... and still can't refinance a car that has a $2k value more than the loan? I really hate this credit thing ... talk about frustrating.

Originally Posted by: Zero2Cool

Unless you have more cash in the bank to buy yourself a car outright, you'd only have between $0-$2000 in your pocket if you sell that car (since you owe $9500 on it still). Why not just put the extra cash (if you have it) into paying down the loan?

Did you do a 6 year term on that loan?

Do you pay off your credit cards or do you just make payments? Your credit score will improve when your debt to credit ratio decreases. Don't carry a balance on the credit card and your credit score will improve.

Amazing Bacon Delivery Service! Never be without good bacon again.

Zero2Cool
Elite Member Topic Starter

13 years ago

#22

I can afford the car payments, that's not the problem. The issue I have is I'm cheap and hate wasting money. When I have a car that's valued at $11,000 and I owe just over $9,000 I'm okay with that. But I'm going to end up paying $16,000 and that just pisses me off.

I have two credit cards, one I use for gas the other I use for grocery shopping and entertainment (movies, etc). I pay each off every paycheck. When my credit card statements are due, they have a zero balance, but I'm about $29k in debt with my student loans that I pay every month.

DakotaT
Select Member

13 years ago

#23

Originally Posted by: Zero2Cool

You're not in bad shape, you just got taken on a bad loan. What I would do in your situation is put whatever extra I could on that monthly car payment and pay it off ahead of schedule. The problem with ammortization schedules is that the interest always gets paid more in the early years of the loan.

You could always prostitute yourself for some extra scratch. 😂

Zero2Cool
Elite Member Topic Starter

13 years ago

#24

I might start selling myself! lol ... I am trying to figure out a way to profit from my "technology" skills.

Originally Posted by: DakotaT

I don't think I was "taken" at all. I knew I was getting hosed, but did it because I like the car. I needed a good reliable vehicle for my daughters while traveling to/from Wisconsin/Colorado and I was trying to improve my credit. There's a price to pay when you've got bad credit in order to improve it. I accepted that and figured since I got all of the erroneous things (2 mortgages and 2 car loans and other items that all were default or foreclosed) off my credit report that had nothing to do with me.

The only debt I've had on my credit report in the last 7 years that I have failed ... 35k in student loans went to default late 2008. I started making payments (and haven't missed since) around middle to late 2009.

Wade
Veteran Member

13 years ago

#25

Hey, I'd pay you to use those skills of yours to fix my website/blog this summer, but ...

...unfortunately, I'm using all of next year's extra cash to buy the puppy and get him home.

(I may know a good deal about economics, but I'm lousy at putting it into effect in my personal finances.)

Signed,
Geezer who would still be living with his mother if his mother was doing the demential and super-geezer thing.

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

Zero2Cool
Elite Member Topic Starter

13 years ago

#26

Alright, now it makes sense after I got my credit report.

11 claims for Sallie Mae - original total $33,000
[list]

8 with status Claim filed with Government and a remaining balance of $0.

3 with status Charge Off and a remaining balance of $21,000.[/list]

8 claims for USA Funds - original total $27,000.
[list]

8 with status Collection and a remaining balance of $0.[/list]

Good items (revolving) first reported on ...
[list]

April 2011 - Credit Card #1

March 2011 - Auto Loan

December 2011 - Credit Card #2

June 2010 - US Dept Direct Loans - original amount $31,000[/list]

I thought I got both credit cards within a few months from one another.

I have an offer for the Sallie Mae debt of $21,000 to be settled for $7,100.

Edit, oops, forgot the "good" news! The Charge Off claims will disappear Feb 2015 and the Claim w/Gov fall off April 2015! ... 😣

gbguy20
Veteran Member

13 years ago

#27

People really need to start getting back to the old ways of doing business. Buy only what you can pay for. The hell with credit cards and loans. And if you do use your credit card, pay it off every month.

Originally Posted by: DakotaT

this is how i do things. Well, maybe not exactly. I only buy things I can afford to pay off at the time, but I take out loans for the sole purpose of building credit. I usually pay the loan off in half the time I am supposed to though because I absolutely hate paying interest.

BAD EMAIL because the address couldn ot be found, or is unable to receive mail.

Wade
Veteran Member

13 years ago

#28

I was doing well, much more disciplined. Even cancelled the April Vegas trip.

The Thuji purchase has screwed that up.

Thuji: $800.
My airfare: $400.
Dog's airfare ("in cabin" charge): $125.
"Airline approved" miniature bag for under seat for dog: $60.
Incidental charges from breeder: $75.
Passenger side mirror (don't want to drive roundtrip to Chicago without all mirror: $70 plus labor TBD.
Dog food -- TBD.
Vet stuff -- who knows?!?
Doggie pads, cushion, puppy toys, treats, harness, leash, poop bags, more toys, puppy blanket -- not added up.
Obedience training.
Neutering.
Shots.
Dogsitting/doggie day care.
More food.
More toys.
Stuff to clean pee spots from carpet.
More treats.

Argh! Why did I buy a puppy again?

Oh, right. Cute + companionship: Priceless.

Whew.

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

vegOmatic
Registered

13 years ago

#29

We've had these threads before Zero, you're just no good with money. They need to make credit cards that give you a painful shock every time you touch it.

blank

Zero2Cool
Elite Member Topic Starter

13 years ago

#30

We've had these threads before Zero, you're just no good with money. They need to make credit cards that give you a painful shock every time you touch it.

Originally Posted by: vegOmatic

I think you have me confused with someone else. I've never had problems with managing my money, other than the timing of when my student loans were due. I've never owned a credit card until about a year ago when I got two in order to help improve my credit. And I pay them off before the balance is due, bi-weekly on payday. If credit rating didn't matter, I'd have never bought a car with a loan or would I own the two credit cards I do. I buy what I can afford and never over spend. I have a family to support and they come first.

Important Information:

The PACKERSHOME uses cookies. By continuing to browse this site, you are agreeing to our use of cookies. More Details Close

Fan Shout

Zero2Cool (18h) : Well, not crazy, it makes sense. Crazy I didn't notice/find it earlier

Zero2Cool (18h) : it's crazy how one stored procedure to get data bogged everything down for speed here

dfosterf (18h) : to herd cats or goldfish without a bowl. They reminded me of the annual assembly of our fantasy league

dfosterf (18h) : out on a field trip, outfitting them with little yellow smocks. Most of the little folk were well behaved, but several were like trying

dfosterf (18h) : Yesterday my wife and I spent the afternoon on the waterfront here in Alexandria, Va. A daycare company took about 15 three/four year olds

wpr (18h) : seems faster. yay

dfosterf (18h) : Wife of reason posted on the in/out thread on fleaflicker that both she and vor are in

Zero2Cool (7-Aug) : This page was generated in 0.135 seconds.

Mucky Tundra (7-Aug) : Tbh, I can never tell the difference in speed unless it's completely shitting the bed

Zero2Cool (7-Aug) : Sure does feel like site is more snappy

Zero2Cool (6-Aug) : I thought that was the Lions OL

Mucky Tundra (6-Aug) : Travis Glover placed on IR; seasons over for him

Zero2Cool (6-Aug) : found bad sql in database, maybe site faster now?

dfosterf (5-Aug) : I'm going to call that a good move.

Zero2Cool (4-Aug) : Packers sign CB Corey Ballentine

Zero2Cool (4-Aug) : I'm not sure how to kill the draft order just yet so it's not so confusing.

Mucky Tundra (4-Aug) : *to be able

Mucky Tundra (4-Aug) : and because it's not a dynasty league (which makes a lot more sense to be ability to trade picks)

Mucky Tundra (4-Aug) : Oh I know; I was just exploring and it blew my mind that you could trade picks because of the whole reordering thing

Mucky Tundra (4-Aug) : Zero, I think I preferred my offer: your 1st for my 15th rounder

Zero2Cool (4-Aug) : Keep in mind, we do a draft reorder once all members locked in

Zero2Cool (4-Aug) : You can have my 12th Rd for your 2nd round

Mucky Tundra (4-Aug) : Hey i didn't know we could trade picks in fantasy

Mucky Tundra (3-Aug) : Update: Rock has tried a cheese curd, promises it's not his last

Zero2Cool (3-Aug) : watch it!! lol

Mucky Tundra (3-Aug) : you're right, we never did leave, the site just went down :P

Mucky Tundra (3-Aug) : Rock claims to have never eaten a cheese curd

Zero2Cool (3-Aug) : We did not leave.

Mucky Tundra (3-Aug) : Family Night! WE ARE SO BACK!

Mucky Tundra (2-Aug) : To this day, I'm still miffed about his 4 TD game against Dallas on Thanksgiving going to waste

Martha Careful (2-Aug) : Congratulations Sterling Sharpe. He was terrific and I loved watching him play.

beast (2-Aug) : I believe it's technically against the CBA rules, but Jerry just calls it a simple unofficial chat... and somehow gets away with it.

beast (2-Aug) : Jerry Jones is infamous for ̶n̶e̶g̶o̶t̶i̶a̶t̶i̶n̶g̶ chatting with players one on one... and going around the agent.

Mucky Tundra (1-Aug) : Oo just saw a blurb saying that Dallas negotiated directly with Parsons and not through his agent

Mucky Tundra (1-Aug) : I assumed that both guys will get paid, just a matter of when or how we get there

Zero2Cool (1-Aug) : McLaurin nor Micah going anywhere. They will get money

Mucky Tundra (1-Aug) : the Synder years or do they take care of one of their own?

Mucky Tundra (1-Aug) : Do the Commanders risk losing a top WR with an emerging QB just because he's turning 30 and potentially risk damaging the rebuild from

Mucky Tundra (1-Aug) : Turns 30 this September, plays at a high level and Washington has some cap space I believe

Mucky Tundra (1-Aug) : More interesting is Washington with Terry McLaurin

Mucky Tundra (1-Aug) : I would imagine Dallas will resolve this issue with a truckload of money

Zero2Cool (1-Aug) : Micah pulling a Myles with trade request

beast (1-Aug) : Packers should make some cheese forks

Mucky Tundra (31-Jul) : GRAB THE PITCHFORKS~

Zero2Cool (31-Jul) : CUT HIM

Mucky Tundra (31-Jul) : Socieltal collapse imminent

Mucky Tundra (31-Jul) : The West has fallen

Mucky Tundra (31-Jul) : After starting off camp with 25 straight made field goals, Brandon McManus has missed one

Zero2Cool (31-Jul) : But it should be stable

Zero2Cool (31-Jul) : It's probably gonna be slower.

Please sign in to use Fan Shout

2025 Packers Schedule

Sunday, Sep 7 @ 3:25 PM

LIONS

Thursday, Sep 11 @ 7:15 PM

COMMANDERS

Sunday, Sep 21 @ 12:00 PM

Browns

Sunday, Sep 28 @ 7:20 PM

Cowboys

Sunday, Oct 12 @ 3:25 PM

BENGALS

Sunday, Oct 19 @ 3:25 PM

Cardinals

Sunday, Oct 26 @ 7:20 PM

Steelers

Sunday, Nov 2 @ 12:00 PM

PANTHERS

Monday, Nov 10 @ 7:15 PM

EAGLES

Sunday, Nov 16 @ 12:00 PM

Giants

Sunday, Nov 23 @ 12:00 PM

VIKINGS

Thursday, Nov 27 @ 12:00 PM

Lions

Sunday, Dec 7 @ 12:00 PM

BEARS

Sunday, Dec 14 @ 3:25 PM

Broncos

Friday, Dec 19 @ 11:00 PM

Bears

Friday, Dec 26 @ 11:00 PM

RAVENS

Saturday, Jan 3 @ 11:00 PM

Vikings