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Author Topic: Personal Loans  (Read 3615 times)

Offline big_sb

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Personal Loans
« on: February 07, 2008, 01:07:42 pm »
Looking for a loan based on FICO score.

Which credit cards and/or banks have the best rate?

Looking for advise from people who have recently received an offer or have accepted an offer.

Thanks in advance.

Offline phlemboy

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Re: Personal Loans
« Reply #1 on: February 07, 2008, 03:25:37 pm »
The advice you'll recieve will be a generic and vague as your questions. you need to give details about your credit score,income and what you want to do with the money.
"Fat drunk and stupid is no way to go through life son." --Dean Wermer

Offline big_sb

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Re: Personal Loans
« Reply #2 on: February 07, 2008, 03:44:31 pm »
Fico 780
Income $65k
25% debt to income ratio
Looking for $50k

Purchasing 2nd home, possibly vacation/long-term rental.

Cash purchase. Future cash-out refi.

If you need more information, let me know.

What I'm looking for is;
"Blank credit card or bank is offering $xxk for x%"

Need a quick decision, on $50k

Offline phlemboy

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Re: Personal Loans
« Reply #3 on: February 07, 2008, 04:07:16 pm »
I don't understand the "cash purchase" part. With high FICO and a low Debt ratio, why not get a loan from your local bank. If you need money fast and want to pay a hefty price, you can search the Hard Money Lender section on the left side of your screen. However, I really think you should get conentional financing from your local lenders. Shop around. See what's available.
"Fat drunk and stupid is no way to go through life son." --Dean Wermer

Offline big_sb

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Re: Personal Loans
« Reply #4 on: February 11, 2008, 10:20:55 am »
Ended up getting $60k over the weekend!

$25k unsecured from my bank @ 11.55% (fast & painless, based on FICO score and deposit history)
$35k from a credit card @ 4.99% (for the first 3 years, it will be paid before then)

The Hard Money Lenders wanted tax returns and charging 12.5%.

I'm calculating the combined APR @ 7.75%  :biggrin

Offline investorman

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Re: Personal Loans
« Reply #5 on: February 13, 2008, 09:32:28 pm »
Sounds great, do you mind sharing which credit card you got the 35k from @ 4.99%? I haven't seen anything like that before on a cash advance. I was looking for something like this as well, an unsecured line of credit. Tried with Wells Fargo, but didn't get anywhere with them.


 




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