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Old 03-04-2013, 06:38 PM   #1
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getting a loan..

Best way to get a loan?
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Old 03-04-2013, 06:41 PM   #2
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For?
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Old 03-04-2013, 07:27 PM   #3
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What type of loan are looking for?
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Old 03-04-2013, 07:30 PM   #4
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Old 03-04-2013, 07:47 PM   #5
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go to a credit union. they offer the lowest interest rates usually, if you don't have good credit see if someone will co sign with you. should be good to go unless ur trying to buy a gt500 or something outrageous
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Old 03-04-2013, 07:51 PM   #6
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go to a credit union. they offer the lowest interest rates usually, if you don't have good credit see if someone will co sign with you. should be good to go unless ur trying to buy a gt500 or something outrageous
No I just want a small loan maybe 8k..
But for the credit unions do you need to have money with them or how do they work
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Old 03-04-2013, 07:53 PM   #7
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Yea hit the local credit unions! They can check and see what you are wanting and they will be much more willing to work with you than the dealer.

---------- Post added at 07:53 PM ---------- Previous post was at 07:52 PM ----------

I got my loan for my stang through a local credit union $0 down (not always a good idea) and 2% intrest

---------- Post added at 07:53 PM ---------- Previous post was at 07:53 PM ----------

Where as the dealer originally offered me $2,000 down at 8.5% intrest. I'm glad I called around
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Old 03-04-2013, 09:39 PM   #8
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No I just want a small loan maybe 8k..
But for the credit unions do you need to have money with them or how do they work
Yes you open up a savings and buy shares in the CU only $5-10 on average plus you earn interest. Make sure they are part of the NCUA it's an accrediting body like the FDIC.

Also consider switching all your accounts over. You'll love the interest they pay you on your accounts. You can tell I really like my Credit Union.
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Old 03-05-2013, 06:06 AM   #9
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I'm part of Ford's Credit Union here in Louisville ( mom worked for Ford plant ) and they've been nothing but good to me. +1 on finding a good credit union.
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Old 03-05-2013, 06:20 AM   #10
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Go to any credit union there sometimes no money down the dealer was asking me to put down 2800 went to credit union they wrote me a check the next day and had my 07 gt
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Old 03-05-2013, 07:33 AM   #11
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I like to get a few quotes and use them against each other. Dealerships are always eager to get financing business and will normally match a bank rate fairly quickly.

For example when I bought my focus (used) the first rate I was given was over 7%. I informed them usaa already approved me for 1.9%, they matched it instantly and I financed through the dealer.
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Old 03-05-2013, 09:26 AM   #12
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if you have no credit or bad credit (basically the same thing) then you may have a hard time qualifying for a lower rate loan, if you run your credit to many times.... it hurts your score (heck every time you run it hurts it lol) so dont get everyone in town to run it.

or as said above some times dealerships have promotions that are really good.

Try credit unions they seem to have lower rates generally speaking.
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Old 03-05-2013, 10:15 AM   #13
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Quote:
Originally Posted by SpectorV
if you have no credit or bad credit (basically the same thing) then you may have a hard time qualifying for a lower rate loan, if you run your credit to many times.... it hurts your score (heck every time you run it hurts it lol) so dont get everyone in town to run it.

or as said above some times dealerships have promotions that are really good.

Try credit unions they seem to have lower rates generally speaking.
Not true. Having it run by several places in a 7 day period is treated as one inquery.
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Old 03-05-2013, 10:38 AM   #14
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Not true. Having it run by several places in a 7 day period is treated as one inquery.
I did not know this
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Old 03-05-2013, 12:10 PM   #15
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Would it work if I have a loan with a bank.. say Im paying 5k to the bank with a 8% interest.. and I go to a credit union and ask for 5k to pay off a loan?
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Old 03-05-2013, 12:32 PM   #16
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Would it work if I have a loan with a bank.. say Im paying 5k to the bank with a 8% interest.. and I go to a credit union and ask for 5k to pay off a loan?
Refinancing lol?
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Old 03-05-2013, 02:36 PM   #17
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Refinancing lol?
Lol I don't know much about refinancing
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Old 03-05-2013, 02:48 PM   #18
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Well what exactly are you trying to do? Do you already have a loan and are trying to get a better rate? Or do you not have a loan and want a new one? Do you have established credit?
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Old 03-05-2013, 02:54 PM   #19
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Well what exactly are you trying to do? Do you already have a loan and are trying to get a better rate? Or do you not have a loan and want a new one? Do you have established credit?
Yes that's what I'm trying to do refinance
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Old 03-05-2013, 08:25 PM   #20
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Would it work if I have a loan with a bank.. say Im paying 5k to the bank with a 8% interest.. and I go to a credit union and ask for 5k to pay off a loan?
Yes! That's what I did! And I haven't been happier! I loved telling BOA to FOF and take a hike they made me really MAD! Over $15!

---------- Post added at 09:25 PM ---------- Previous post was at 09:22 PM ----------

Anyone that knows me will tell you it takes a lot for me to get Angry.
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Old 03-05-2013, 08:35 PM   #21
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What's the best credit union
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Old 03-05-2013, 09:06 PM   #22
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Wouldn't say there is a "best" one. I would call around to local credit unions and just see what kind of rate they can get you and go from there
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Old 03-06-2013, 11:30 AM   #23
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Quote:
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What's the best credit union
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Wouldn't say there is a "best" one. I would call around to local credit unions and just see what kind of rate they can get you and go from there
Exactly and actually take advantage of Google reviews much like you check a restaurant or other business. I used thus credit union because of the close proximity to my house and customer reviews.

Also I refi'd 5198.21 @ 4.5% on 3/21/2010 and paid it off in July 2012.
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Old 03-08-2013, 09:44 AM   #24
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credit union bro. but some credit unions require like a members fee or work for something in particular to be apart of it. like mine navy federal credit union. works with DOD and military. so im marines i get to use them. got me a 2.04% interest rate over 5 years for 36000 bucks. well worth it.
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Old 03-08-2013, 03:21 PM   #25
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Quote:
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What's the best credit union
Where in California are you? The company I work for has a few CA CU clients.. I might can recommend one
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Old 03-08-2013, 03:54 PM   #26
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Where in California are you? The company I work for has a few CA CU clients.. I might can recommend one
Southern California.. orange county..
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Old 03-08-2013, 04:11 PM   #27
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Southern California.. orange county..
I don't see any really close to you but it's seems that Orange County's Credit Union is reputable ... However, on a personal loan the interest rate is anywhere between 12.75 and 21 %. For a personal loan is not to bad. You can apply online as well. Go to orangecountyscu.com and check it out ..

In SC ours is close to 10% which that is for those who have great credit.

Ohhh well refinancing is different than just a personal loan .. Haha sry
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Old 03-08-2013, 04:36 PM   #28
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I don't see any really close to you but it's seems that Orange County's Credit Union is reputable ... However, on a personal loan the interest rate is anywhere between 12.75 and 21 %. For a personal loan is not to bad. You can apply online as well. Go to orangecountyscu.com and check it out ..

In SC ours is close to 10% which that is for those who have great credit.

Ohhh well refinancing is different than just a personal loan .. Haha sry
Thanks for the info ill definitely check it out
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Old 03-08-2013, 04:54 PM   #29
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lf you have excellent credit you have nothing to worry about.You will get the best interest.lf you have bad credit its the worst interest and they will rape you.lt works like this you have good credit they beg you for your buisness if you have **** credit you beg them for your buisness.....catch my drift.Always make your payments even if you have to borrow the money from the devil himself to make a payment.ln the long runs youll be miles ahead.

---------- Post added at 02:54 PM ---------- Previous post was at 02:50 PM ----------

Also you should look into a personal line of credit.Say you borrow 9000 and you only need 8000 you can use the 1000 for a "cushion" with lines of credit you pay the minimum monthly payment so if you get into a bind one month you only pay the minimum.l wouldnt suggest doing so all the time cause you will never pay that off.Hope this helps ask about it at the bank it might be your best bet....cheers
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