Got approved for a blank check loan

[tazabear]

car loans

We have had car loans since we got out of bankruptcy. We have had 11 in 4 years. 2 were stupid buys and the rest were smart ones. We bought 2 through dealers. Not smart and we paid more then the cars were worth. The rest were bought privately or through a famiy friend who works for a dealer. We currently have 2 of those 11 cars. They rest were sold and we either came out even paying off the whole loan or ahead. One car we made $1,500 on when we sold it 6 months after we bought it. DH looks long and hard for our car deals. We have a minivan we just bought to replace the one we had sold before we found out we were expecting #4. We owe $7,300 and the loan value is $7,200. We actually only paid $6,800 for the van but for the first time included the sale tax and plates with it. So, that is why it is more that we owe. Our old van had 135,000 miles on it and DH was wondered about me driving it. I travel to family a lot with all the kids by myself.

Also, some of our best cars have had higher miles. High miles is not always bad. It also doesn't hurt that my DH and dad know a lot about cars and can fix most of our problems, which saves a ton of money.

Stefanie

[anonymuse]

Lady, make sure you read all the fine print associated with that check to see if it is really worth it.

[onepowerfullady]

Thank you OPL! I hope you can get a nice, reliable and safe car for your children.

I hope I can stay out of debt as well, however, I don't know what my future holds for me either.

Again, thank you, I appreciate your good wishes.

Oh and my name isn't Todd, I am actually female.

Oops sorry.

[onepowerfullady]

Lady, make sure you read all the fine print associated with that check to see if it is really worth it.

Thanks Anonymus....we will. The thing I love about this loan is that there is no prepayment penalty!

I did not know that this thread would generate so much traffic! LOL!

[AMISLANDER]

I just have to say this....

Hi Cab,

Isn't making bad credit decisions what got people 'down trodden' to begin with? Okay, some people have had medical debts or job losses, etc. Not everyone that files bk has spent lavishly, I'm willing to bet most have not.

But taking on too much debt, not saving for the future, etc. will get people right back in the same spot.

What about saving $2,000 (or whatever) and buying a used car that will be paid for and will not require borrowing money.

She was just discharged, house is still in foreclosure!

Do you see my point?

But, it is a free country and we all make our own decisions. I am deciding I'd rather drive a beater than to have to attend another 341 in my lifetime!

The only thing I have left since I was discharged is my SUV, 2000 4Runner which I paid off back in 2004....because I was what, "responsible" and had paid off a Mastercard of $4,500, my BOA loan of $5,000, saved my house from forclosing by another $33,000...and guess what...the well just ran dry...


Now, because I "own" my car, the trustee wants it....but, since there is a lien on the title, because I owe my mother monies from the last couple of years, she is on that title...in case I defaulted on my loan to her, which, of course, I did....my final punishment for all of my stupidity might be losing my only way to get to work...nice.......I should have never paid off the car...why bother?.....

So, please, be kind....we all have our bk issues ....some worse than others

[onepowerfullady]

The only thing I have left since I was discharged is my SUV, 2000 4Runner which I paid off back in 2004....because I was what, "responsible" and had paid off a Mastercard of $4,500, my BOA loan of $5,000, saved my house from forclosing by another $33,000...and guess what...the well just ran dry...


Now, because I "own" my car, the trustee wants it....but, since there is a lien on the title, because I owe my mother monies from the last couple of years, she is on that title...in case I defaulted on my loan to her, which, of course, I did....my final punishment for all of my stupidity might be losing my only way to get to work...nice.......I should have never paid off the car...why bother?.....

So, please, be kind....we all have our bk issues ....some worse than others

Dear Sir or Madame:

I have told everyone that I was not buying a car to be balling...ok. I did not have a vehicle and did not have a way back and forth to work so that I can take care of my family. I got a used vehicle. I did what I had to do. Please go back and read the rest of the thread. Yes, I was just discharged...yes, the ink was barely dry on my discharge. I hope that no one has to go through what I had to go through. Good luck to all of you!!!

[SinkingFast]

OPL,..............

Amis was fussing at Hot-Tod-E, not at you.

I am glad you told about the Cap One Blank Check.

If and when we get done with our BK, one of the first things we need to address is getting a newer, lower maintenance vehicle. So I, for one, am glad to know this option exists.

And Amis is right. We all have our own BK issues to deal with, so let's do be kind to one another.

[Hot-Tod-E]

Hello SinkingFast!

Respectfully, is it possible for you or another moderator to lock this thread?

Depsite my (no less than) 4 apologies, I am still being called "unkind" because I happen to have a different opinion, and OPL still feels like she's being ridiculed for her decision.

OPL & I made peace with each other over this a month ago.

This thread has done a complete turn-about and is now being pulled back up after almost a month.

Additions to this thread are moot at this point, and no information regarding BK or getting a car loan is being offered.

Thank you for you consideration in my request to lock this thread.