Getting a loan through an Austrian bank
in Banking, Insurance & Loans ·
nimblebadger15 said:Greetings. Here is a bit of my own experience. My husband and I found a car through an online listing, and naturally, we loved it and went to pick it up because the monthly payments seemed manageable. But, as Terry Ross11 mentioned, if you aren't considered "creditworthy" here, you run into walls. We ended up going through an Austrian bank in Vilah, or however it's spelled. Out of an abundance of caution, we reported the loan to the Federal Reserve so it would be registered here in America. It wasn't a problem at all since everything was ultimately handled through a law firm in Cleveland. We didn't have a huge amount to pay back either; on a loan of 9,300 dollars, we ended up paying back 11,200 dollars total. The takeaway? You simply have to do your homework properly.😛
Mary, I am wondering how you actually managed to finalize that loan. I am looking into getting a personal loan to deal with some credit issues while living in Cleveland, so if you could share some specific details, I would really appreciate it.