The letter says that they can assist me with pre-qualification for a new or used auto loan. Is this just a bottom feeder that will charge me some type of "application fee" just to tell me that I can't get a loan, or the only loan I can get is for 35.99%? I'd rather walk than pay that! (Not that I would need to walk, as my almost 150K VW has been solid as a rock!)
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The letter says that they can assist me with pre-qualification for a new or used auto loan. Is this just a bottom feeder that will charge me some type of "application fee" just to tell me that I can't get a loan, or the only loan I can get is for 35.99%? I'd rather walk than pay that! (Not that I would need to walk, as my almost 150K VW has been solid as a rock!)Last edited by JackBondLove; 07-19-2010, 06:30 PM. -
Interesting link. Does anybody know if there information is accurate? I had no idea that your payments are not reported to the credit bureaus and they don't even send you statements. Or is that only if you do not reafirm? I thought I would be all set with my lease (which has about 2 years left) and could either buy it out at that time or get a new one. If this is true, maybe I should include it in the bk, but then I worry that rates will be sky high for a new one after bk. Then again, I guess I could wait a year or so and stop making payments (if it is not reported) and get another car at that time. I was then thinking maybe I should try to get a new car now while I still have some credit left, problem is I don't think I can with a current lease. This is becoming too confusing...
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