Posts Tagged ‘right off the bat’

Question about loans how they work?

Friday, December 30th, 2011

I went and got a loan and I understood it one way, and my mother is arguing with me saying it works another way. No reason to argue so lets get it strait.

If I got a loan for 15000 and a 2.6% interest rate for 5 years. I have 15000 to spend on the car, so 13500 on the car the 1500 for fee’s is how i looked at it. Then over time well you are paying you pay the interest every month 6, so after 5 years you payed the 15000 for the car and the 1000 or so in interest witch would come out to 16000 some odd dollars.

My mom thinks, that you have 14000 to spend and the bank will add the interest into the loan right off the bat so 14000 to spend on car 1000 interest so your loan is 15000

Private Student Loans?? Please Help!?

Wednesday, August 24th, 2011

so my parents have made it clear to me that I was paying for college myself and Im ok with that its just finding the money is hard. Ive gotten a few scholarships, and done the whole fasfa thing but Im still a few 00 short. So I have been trying to find a private student loan but all of the ones I have tried are required to have a cosigner and my parents wont do that either. I have good credit since paying off my car. All I need is to find a reliable place to get a private student loan without a cosigner. THANKS
I have already accepted the stafford loan and the federal unsubsidized loan but its still not enough. Im going to a pretty expensive school because its the best for my major
and I do already have a job I have had one since I was sixteen, but only started saving money earlier this year, i have almost ,000 but that money is for me to get settled down there buying dorm neccessities and to keep me alive incase I dont find a new job right off the bat.



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