Citifinancial just sent me a letter offering me a loan for 15k!

Discussion in 'Reality Check' started by Muricane, Jan 30, 2009.

  1. Muricane

    Muricane
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    MY AV IS ME

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    [at 29.5% :rofl:]
     
  2. Duggan

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    Fucking sweet, forward that to Dizzle.
     
  3. Twopoops

    Hidey Ho

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    What a steal!
     
  4. Muricane

    Muricane
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    Over 5 years the COB would be 13865.40 :rofl:
     
  5. Smokey

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    I hope you took it, you realize that's free money right?
     
  6. dpwu32

    Is it summer yet?

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    Holy fuck. What did you ever do to make them hate you so much? :eek7:

    That's fucking hilarious... :lol:
     
  7. dpwu32

    Is it summer yet?

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    What's sad is how many people they could send that same offer to, that would take it...
     
  8. Muricane

    Muricane
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    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. :lol:
     
  9. boing

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    Sweet, I will have to check my mail on the way home. :x:
     
  10. billybob

    The Schooner, the better.

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    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. :eek7:
     
  11. Twopoops

    Hidey Ho

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    Consolidate at 29.5%? :rofl:
     
  12. watcha

    Born Killer

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    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%

    :rofl:
     
  13. Arod

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    lol patfinance
     
  14. billybob

    The Schooner, the better.

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  15. watcha

    Born Killer

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    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.

    side note,
    Anyone know who I could get a job in personal finance???
     
  16. billybob

    The Schooner, the better.

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    I don't think they're hiring right now. :lol:
     
  17. Muricane

    Muricane
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  18. Arod

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    lol I would stop this before Shawty reads this and believes you :kekeke:
     
  19. billybob

    The Schooner, the better.

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    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. :eek7:
     
  20. billybob

    The Schooner, the better.

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  21. Muricane

    Muricane
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    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. :muri:
     
  22. Arod

    Well-Known Member

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    I bet there are a hell of a lot of people out there who would fall for that math.
     
  23. Miss Shawty

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    :toetap:

    Okay, really ... I'm not that dumb.
     
  24. Arod

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    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!
     
  25. Arod

    Well-Known Member

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    I was just kidding
     
  26. Miss Shawty

    Well-Known Member

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    :kiss:
     
  27. ingress

    _

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    uhoh I got one of those letters last week

    BRB have calls to make
     
  28. Twopoops

    Hidey Ho

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    Jesus :lol:
     

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