Discussion in 'Reality Check' started by Muricane, Jan 30, 2009.
[at 29.5% ]
Fucking sweet, forward that to Dizzle.
What a steal!
Over 5 years the COB would be 13865.40
I hope you took it, you realize that's free money right?
Holy fuck. What did you ever do to make them hate you so much?
That's fucking hilarious...
What's sad is how many people they could send that same offer to, that would take it...
I have no clue how they got my info.
Fuck, now that I look at it they don't even have my first name, just the initial.
Sweet, I will have to check my mail on the way home.
I got a call from them today too. We paid off the furniture last month we bought at Leons so they called to tell me I have $15k I can have. They told me most people use it to consolidate debt.
Consolidate at 29.5%?
well it makes sense....
if you have 3 loans at 10% and each is at $5000
if you consolidated them you'd be able to save .5% in total
if you didn't, you'd have $15000 at 30% vs their $15000 at 29.5%
just think though if you had three credit cards with 15000 on them
credit card rates at 18.9%
that would save you like 27.5% interest PER year.....HUGE.
Anyone know who I could get a job in personal finance???
I don't think they're hiring right now.
lol I would stop this before Shawty reads this and believes you
I have 5 credit cards with a $5k balance on all of them. The interest rate is 20% on all of the cards.
Based on Watcha's calculations, I pay 100% interest on $25k balances.
Well, consolidating at a higher interest can lead to lower payments.
CC's are amortized over 3 years, and the loan can be 5 years.
I bet there are a hell of a lot of people out there who would fall for that math.
Okay, really ... I'm not that dumb.
That is almost as fantastic as consolidating your personal debt in to your mortgage.
Why pay 12% on $20,000 over 4 years when you can pay only 4-5% over 30 years!
I was just kidding
uhoh I got one of those letters last week
BRB have calls to make