Posts by David Sanders9

Kimberly Nguyen said:There’s supposed to be a thread somewhere about auto loans, but I honestly can't seem to find 🙄

Actually, yeah... 🙂

...Besides, given that it's a used car and the amount I need, it isn't even strictly an auto loan, just a standard personal loan...

Richard Wright said:That Swift from the '90s? It isn’t worth $3,000. Honestly, maybe half that much at most. Even if he’d buffed it out, polished it, and slapped on those obnoxious fake xenon headlights that everyone absolutely hates...
And your buddy? He’s a total disaster.

You aren't getting a loan from JP Morgan Chase with a situation like yours. They’ve practically frozen lending altogether, and when they actually do issue credit, the applicants have to be nothing short of perfect...

If your company is performing solidly and you don't have other debts—or even if you do—you might be able to scrape together $3,000...

Yeah...
Like I said, the decision's made... Once I get the cash (if I get it), it's a mad dash for the car!
I'm not going to waste breath arguing this because I could write an entire essay on it...

All things considered, it makes more sense to drive his car exactly as it is (which is junk) or sink another $1,500 into my own Swift, knowing it still won't come close to being as good as this one...

Richard Wright said:That Swift from the '90s? It isn’t worth $3,000. Honestly, maybe half that much at most. Even if he’d buffed it out, polished it, and slapped on those obnoxious fake xenon headlights that everyone absolutely hates...
And your buddy? He’s a total disaster.

You aren't getting a loan from JP Morgan Chase with a situation like yours. They’ve practically frozen lending altogether, and when they actually do issue credit, the applicants have to be nothing short of perfect...

If your company is performing solidly and you don't have other debts—or even if you do—you might be able to scrape together $3,000...

The business is doing fine...
And the monthly revenue is actually great!

You think getting a loan is just that easy...?
That's what I thought until I walked into "my" bank and they shut me down instantly...

And from what I can see, if I want a loan from other banks, I need to have been using a debit card there for 3 to 6 months or already be a customer using their other services...

Hey there.

I'm thinking about picking up a car from a buddy... He's offering it for $3,000...
It’s an old Suzuki Swift from back in '90...
Some people might say, "stay away from loans for a piece of junk," but they're wrong.

My current ride is a piece of junk, but this one is a different story... (besides, the decision is already made, so.......)

Anyway...
I stopped by JP Morgan Chase on Friday (where I have my checking account) to see if I could get approved for a loan...
$20k isn't exactly a massive amount of money, and since I've been working for a private firm for over a year now—plus $1500 just renewed my permanent contract—I figured those bastards would have to approve me...
I've never even carried a balance or hit an overdraft (which I don't even have 🙂 )...

...But of course...
They completely blew me off. No luck at all. Not even with a co-signer. 😕

Are there any other options out there? Like, should I try a different bank that might actually approve a loan...?