daddy-poorbucks

8 Comments

  • alexaskme@yahoo.com'

    Alex

    That’s a great article. I Know a lot of people who struggle with this kind of problems. I’ll sent them a link

    Reply
    • Daddy Poorbucks

      Thank you, Alex. They can check their rates without impacting credit as well.

      Reply
  • bob@survivedisastersnow.com'

    Bob

    Good information.
    A few years ago I was looking for a loan of $2000 to do some maintenance on an older car I owned.
    Ended up going to lending Tree. Filled out their application. and they stated I had to increase my loan amount to $3000 as that was the minimum according to GA law.
    Has the law changed or was that just Lending Trees minimum?

    Reply
    • Daddy Poorbucks

      Bob, that’s very odd to me. I’m not aware of a law that requires a minimum loan amount. Laws can cap off interest rates but that’s it. Most lenders won’t go below $1,000. There are also some lenders who do not loan on certain states.

      And this is the thing – when you go to one lender like that, you’re not shopping it the best way you can. An application through Loan Camel provides you with better exposure to offers and increases your chances of getting rates and terms that work better for you.

      Reply
  • shirleycdawson@outlook.com'

    Shirley

    Interesting article, especially for those needing personal loans. I’m fortunate my dh and I have excellent credit scores and now live debt free. I can’t imagine we would ever get turned down for a loan at this point. My dh is a retired financial advisor and he has been watching over our finances for years and did very well for us. Our only issue we have in retirement now is what the heck to do with a stupid “timeshare” week we own and can’t get rid of, in fact, its pretty impossible to “give” timeshare weeks away nowadays. BTW, our advice is to never buy a timeshare week – its a bad investment and one you can rarely get rid of – even your heirs can get stuck with having to pay the annual maintenance fees forever. We have instructed our daughters to not accept that part of our estate in the event of our deaths.

    Reply
    • Daddy Poorbucks

      Thanks, Shirley. It seems like you’re in good shape. I have a background in development and was mortified when my ex-wife told me that she purchased a timeshare. I wish I had some advice on getting out of it.

      Reply
  • jofasho@gmail.com'

    Sergio

    This article is full of useful information. Ill have to look more into Loan Camel. I’ve tried various loan companies in the past and as the article mentions they are a pain. Loved the humor as well lol!

    Reply
    • Daddy Poorbucks

      Thanks, Sergio. I’ve been through the craziness myself multiple times so I know how easy it is to miss options out there. If there is anything I can do to help – please feel free to ask.

      Reply

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