dog, i still cant comprehend:
why you would agree to 28% interest
why you would finance an 11 year old car.
the general rule of thumb is:
never agree to more than 9% interest.
never finance a car that is more than 3 years old.
the easiest way to establish credit is to get a credit card and keep it current for about 3 years as your first credit item.
too many people get phones and utility bills and fukk em up and shoot themselves in the foot before 21. too many people are SCARED of credit and you gotta just educate yourself about it.
i started at 18, and if i had more income and didnt owe as much in student loans, i could easily be approved to buy a home at 26.
i copped my car new at 22 and only had 6% interest...goddamn at 28...
i hope you understand that there are businesses out there called predatory lenders that prey on the working poor and poor people. when you're poor and a catastrophe happens you don't have many options. banks aren't gonna fukk with you. you probably don't know many people that have the disposable income to lend you money or give you money.
these are the sorts of people that go to buy here pay here lots, that go to rent a center, that go to pay day loan places. they do those things to keep afloat. these businesses fukk them over criminally too.
many people probably even ones posting in this very thread are barely above water and if something goes wrong those sorts of places would be the only thing between them and rock bottom.
Jist think at how your credit score will rise
Plus, play lottery every once in a while. U might win
many of those lots don't report your credit unless you fall behind and they have to repo. its a business based on selling cars to people that can't really afford them. its why they make you pay biweekly cause at some point they know you're likely to default on the loan.
they make it both as easy and as difficult as they can for you to repay the loan. they give you small biweekly payments so you can pay back as much as possibly before they repo the car. when you inevitably fall behind they repo the car then put it back on the lot and sell it again. its like pimping cars to poor people. by the time the car is resold its already made a good profit and its all gravy.
exactly. my wife did this shyt like 4 years ago, and I wanted to strangle her.
people do it all the time. the new lender makes money off buying your old car loan and basically extending the term and on top of that it gets added into the new car so they increase the interest they make there too.
these car lots are in the business of making money so they aren't just gonna be out here giving money away. pretty much everything they do is a win for them and typically at your expense. if you still own money on a drivable car unless you owe less than the trade in value you have no business trading it in.
on the story cuz most places won't even finance a whip that old.
s. nikkas need to start posting sensitive information on the appropriate messageboards if they aren't built for the backlash. 
that offered positive/neutral advice. To those that were just in here to try to kick a dude when he a little down....
