Posts by Kimberly Nguyen

swiftorca57 said:A collateral loan is basically where you have an asset and you get about 90% of its value, usually at an interest rate about 2% higher than what that asset earns you...
If you want a loan against a life insurance policy you don't have yet, you won't be able to get the amount you haven't paid into the policy...
And for an investment fund loan—other than your 401(k)—it's the same deal as the first two options...
Honestly, though? Just have the husband report a higher salary. That’s definitely the safest bet!

Partially true, I guess.

swiftorca57 said:A collateral loan is basically where you have an asset and you get about 90% of its value, usually at an interest rate about 2% higher than what that asset earns you...
If you want a loan against a life insurance policy you don't have yet, you won't be able to get the amount you haven't paid into the policy...
And for an investment fund loan—other than your 401(k)—it's the same deal as the first two options...
Honestly, though? Just have the husband report a higher salary. That’s definitely the safest bet!

That's just wrong.

swiftorca57 said:A collateral loan is basically where you have an asset and you get about 90% of its value, usually at an interest rate about 2% higher than what that asset earns you...
If you want a loan against a life insurance policy you don't have yet, you won't be able to get the amount you haven't paid into the policy...
And for an investment fund loan—other than your 401(k)—it's the same deal as the first two options...
Honestly, though? Just have the husband report a higher salary. That’s definitely the safest bet!

I honestly don't even know how to respond to that...

swiftorca57 said:A collateral loan is basically where you have an asset and you get about 90% of its value, usually at an interest rate about 2% higher than what that asset earns you...
If you want a loan against a life insurance policy you don't have yet, you won't be able to get the amount you haven't paid into the policy...
And for an investment fund loan—other than your 401(k)—it's the same deal as the first two options...
Honestly, though? Just have the husband report a higher salary. That’s definitely the safest bet!

👍

It’s because they won't allow it... we're talking about a revolving credit card here. If this were a standard Mastercard, it would have cleared without a hitch as long as there was enough available credit left on the line.

I don't even know where to start with this mess. Honestly, I’m sitting here staring at my screen, just absolutely fuming. You see these things happen, and you think, "Surely, it can't get any more ridiculous," and then—BAM—reality hits you right in the face. It’s unbelievable. It’s frankly insulting. I was looking through the recent discussions, and I saw what was being said. It’s like nobody actually stops to think about the practical implications of these decisions. They just throw things out there without a second thought, and then we're all left picking up the pieces. It’s maddening! I remember back when I was working in Chicago, dealing with some massive corporate restructuring at a firm similar to JPMorgan Chase, and even *that* chaos had more logic than what we're seeing here. At least back then, people seemed to have a shred of common sense. Now? It feels like we're just spinning our wheels in the mud. And don't even get me started on the way certain people are being handled. It's a joke. A complete and total joke. You try to make a point, you try to bring some actual substance to the table, and you just get shut down or ignored. It makes you want to just throw your hands up and walk away. But I won't. I can't. Because if someone isn't going to stand up and call out this nonsense, then who will? It’s frustrating, it’s exhausting, and quite frankly, it’s beneath us. We deserve better than this constant cycle of incompetence. It's enough to drive a person insane.

Morgan Anderson said:I haven't had a chance to catch up on every single post in this thread yet, so I have a quick question: I opted for the 12 equal monthly installments on my Visa Gold. If I decide to make a cash withdrawal for a specific amount, will I be charged interest on that total, or am I just looking at a one-time transaction fee?

If I withdraw $1667, what is the actual cost? Am I just looking at 12 equal payments plus a small service fee, or does interest kick in on top of that too?

Thanks in advance! Best regards,

From what I understand about how these things work, you aren't just getting a free pass. You’re going to be shelling out that $5,000 over the next 12 months—meaning they'll hit your account with those fees immediately—and then, to make matters even worse, you still have to deal with the interest on top of everything else. It's a total headache.

won’t

Look, there's already a massive megathread dedicated entirely to creditworthiness, so please, for the love of everything, go check that out first... we also have a specific thread just for auto loans => I'm merging this one now.

I’m assuming you’re referring to this... and the answer is, plain and simple,

Harold Torres4 said:True, though I did skim those first two pages, and honestly, the rest of it felt like a complete tangent. Besides, what they’re talking about isn't even particularly budget-friendly or accessible to everyone—I mean, let's be realistic, not everyone has a massive cushion sitting in their checking account at all times...
anyway, my main point is that I just can't wrap my head around how certain companies, like PayPal or Moneybookers, can facilitate transfers for basically nothing, yet my bank hits me with a massive $67 fee for a simple transaction...

Maybe try actually reading the thread properly before jumping in🙂

For PayPal, there's an excellent dedicated thread (check the link in the previous post), and as for Skrill and Intel

Look, she clearly messed something up somewhere along the line... honestly, just grab the receipt and head straight down to the local JP Morgan Chase branch so they can actually look into what went wrong...

Wait, did you actually tell the cashier at Target that you wanted to set up a monthly payment plan?

Sending money abroad

Look, if you actually have something meaningful to say about the Rockefeller family, then fine... go ahead. 👋But if not,
just keep your mouth shut.

When you're dealing with an installment plan, you don't actually have to pay interest, but there's a catch—you have to go down to the specific branch where you signed the contract (the bank/retailer combo) and explicitly request it

That’s how it works when you're dealing with installment payments...

Looking at my account status, it’s pretty obvious there’s an available deposit limit set, but if I actually want to touch those funds, I'm stuck waiting through 🤔 48 hours
first.

Hold on a second...

Did you just open a checking account, or what exactly are we looking at here?

Of course you’re going to need an invoice, a pro forma, or a signed contract... I mean, how exactly did you think you were going to secure a targeted loan without any documentation?
And don't even get me started on the insurance requirements... you can't just skip that part. The funds aren't even hitting your pocket first—the bank sends the money directly to the seller. It's how it works.

Look, it clearly states right here that we're talking about the principal amount... they're going to be calculating your interest on a quarterly basis...

Steven Reed said:The Go card allows for up to three paychecks—whereas Visa caps you at just two.😉

Are you absolutely certain about this? Look, it’s not that I don't trust you—really, it isn't—but I need to be sure. I can't afford to be wrong here. 🙂 Who else am I supposed to turn to when you guys aren't around? Honestly, I’m venting because I have this friend—guy makes an absolute killing, seriously high salary—but his debt-to-income ratio is a total disaster. His monthly credit obligations are basically equal to his entire paycheck. It’s insane. So, he went through the pre-scoring process and they actually approved him for a card, but he decided not to pull the trigger right then and there. He waited, tried to request it after the fact, and suddenly—bam! Denied. They told him there wasn't enough "room" left in his credit limit or something equally vague. Or maybe that happened back when he was dealing with Visa... anyway, the point is, the logic should be identical regardless of whether you're looking at Mastercard or Visa. It’s the same principle, isn't it? It just feels like a complete joke. 🤔

Back when you first got your card issued, everything was just a mess... limits were basically being handed out at random, totally arbitrary, just like the cards themselves were

But now? Now we’re looking at a completely different ballgame