Should I get a personal loan?

[UpAndComing]

Yea. I'm actually not gonna take a loan. The truck payments don't kicc in until after 3 weeks

Ok so you're not gonna take the loan anymore and just use your paychecks to pay for the truck payments

 

[BrothaZay]

Ok so you're not gonna take the loan anymore and just use your paychecks to pay for the truck payments

The loan was for the upfront cost.


The truck payments will come out of every settlement automatically , after the 3rd week

 

[dark_magic]

I have the option to buy a truck. According to credit karma I am pre approved for a 4000$ loan. However the apr is over 30% and will cost me $180 a week over 36 months.

I do need that loan but I doubt I will spend the full amount. The down payment only $1000 but I hurt wanted a few extra for other business related expenses that I might need.



The projected revenue of the truck is about $150,000 a year

If you are financing the truck through a business, yes.

The interest you pay on the loan will be tax deductible. However, I think you can do better than 30% APR if you shop around.

You may want to investigate other means and methods of structuring, building, and raising capital.

 

[EastAfrixan]

Just took out a personal loan and wiped off 2 credit cards.

my loan amount is much cheaper monthly compared to the credit debt and even though I have 36 months to pay it I’m planning to pay it all back by September to save on the high interest

What was the interest rate they gave you at the time?

 

[shopthatwrecks]

0-2200 weekly

jus sent u 29k breh...6figs 6certs helpin my niggs dont hurt...