PeopleFirst Loan
08-16-2002, 09:32 PM
#61
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I asked what the current rate was and she told me 5.19%. Maybe they haven't updated their website.
The phone # is 1-888-222-5601.
I have my mortgage w/ Chase and refinanced last year (easy process too for a refinancing). I have only been pleased with them and would recommend them highly.
The phone # is 1-888-222-5601.
I have my mortgage w/ Chase and refinanced last year (easy process too for a refinancing). I have only been pleased with them and would recommend them highly.
08-16-2002, 10:36 PM
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Va Gentleman - I don't understand something.
I got a quote fom People First on $30,000 for 60 months at 5.49% and it was $572.90 a month for a total of $34,373.78.
Why was yours $578 a month at 5.19%?
Just trying to figure this financing thing out.
I got a quote fom People First on $30,000 for 60 months at 5.49% and it was $572.90 a month for a total of $34,373.78.
Why was yours $578 a month at 5.19%?
Just trying to figure this financing thing out.
08-16-2002, 10:40 PM
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Ok, I just checked on things. It seems that their current, best rate IS 5.19%. However, the rate I got was 5.79%. Sorry for the confusion.
I thought I had excellent credit..mmm.
I thought I had excellent credit..mmm.
08-16-2002, 10:41 PM
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Chase Again
Thanks for the feedback VaGentleman. I called and they said 5.49 for Florida, sames as Peoplefirst. Good to know the Refi went good. I just started yesterday, but it seems to be easier with the existing company. Saludos.
08-16-2002, 11:15 PM
#65
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Originally posted by z350z
I don't get it either. I had a good credit score from Equifax (I think it was 753) but eloan.com rejected me for some reason. Weird. But my plan is to use a special deal my credit card is offering that gives me 3.9% until the balance is paid off (and put about $17k down). Sounds strange to use a credit card, but with a deal like that (and no additional fees of any kind), why not?
I don't get it either. I had a good credit score from Equifax (I think it was 753) but eloan.com rejected me for some reason. Weird. But my plan is to use a special deal my credit card is offering that gives me 3.9% until the balance is paid off (and put about $17k down). Sounds strange to use a credit card, but with a deal like that (and no additional fees of any kind), why not?
HOWEVER, you should know that most dealers won't take large downpayments on a credit card. my dealers had a limit of like $3000. that's cuz they pay a certain % of the transaction as fees..
08-17-2002, 06:38 AM
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Originally posted by Matt
your fico score is almost the same as me (at least what it was last year) and peoplefirst rejected me also.
HOWEVER, you should know that most dealers won't take large downpayments on a credit card. my dealers had a limit of like $3000. that's cuz they pay a certain % of the transaction as fees..
your fico score is almost the same as me (at least what it was last year) and peoplefirst rejected me also.
HOWEVER, you should know that most dealers won't take large downpayments on a credit card. my dealers had a limit of like $3000. that's cuz they pay a certain % of the transaction as fees..
08-17-2002, 07:11 AM
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Originally posted by jeffw
How's this for cool. I applied at E-Loan and got 4.89% for 6 to 30k, 60 mo. Then I called up PeopleFirst (where I was already accepted for 5.49%) and they beat that rate so now I'm at 4.85%!
I wonder if I can get E-Loan to beat that rate now?
--
Jeff
How's this for cool. I applied at E-Loan and got 4.89% for 6 to 30k, 60 mo. Then I called up PeopleFirst (where I was already accepted for 5.49%) and they beat that rate so now I'm at 4.85%!
I wonder if I can get E-Loan to beat that rate now?
--
Jeff
Sweet deal. If you don't mind me asking, what kind of score(FICA)/credit rating would you say you have? Does carrying some credit card debt actually help? Answer what you want...any info is appreciated. Thanks.
08-17-2002, 07:44 AM
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Originally posted by Droz
Wow!!! Sweet deal. If you don't mind me asking, what kind of score(FICA)/credit rating would you say you have? Does carrying some credit card debt actually help? Answer what you want...any info is appreciated. Thanks.
Wow!!!
Sweet deal. If you don't mind me asking, what kind of score(FICA)/credit rating would you say you have? Does carrying some credit card debt actually help? Answer what you want...any info is appreciated. Thanks.
Last time I checked I think it was in the 700's, but it's been a while. I filed jointly with my wife so that helped.
We have a mortgage on a house that we've been paying for about a year. I generally have a fair amount of credit card debt because I pay for EVERYTHING with my SkyMiles American Express. However, I always pay it off each month.
From what I understand, your current credit card balance counts as debt that will lower your score (it's the making payments over time that raises it). So sending in an early credit card payment for the month can sometimes improve your score.
I would guess that it's the mortgage that helps the most in my case. Oh, and my wife has a loan for her car.
Good luck with your financing.
--
Jeff
08-17-2002, 07:50 AM
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Originally posted by jeffw
Last time I checked I think it was in the 700's, but it's been a while. I filed jointly with my wife so that helped.
We have a mortgage on a house that we've been paying for about a year. I generally have a fair amount of credit card debt because I pay for EVERYTHING with my SkyMiles American Express. However, I always pay it off each month.
From what I understand, your current credit card balance counts as debt that will lower your score (it's the making payments over time that raises it). So sending in an early credit card payment for the month can sometimes improve your score.
I would guess that it's the mortgage that helps the most in my case. Oh, and my wife has a loan for her car.
Good luck with your financing.
--
Jeff
Last time I checked I think it was in the 700's, but it's been a while. I filed jointly with my wife so that helped.
We have a mortgage on a house that we've been paying for about a year. I generally have a fair amount of credit card debt because I pay for EVERYTHING with my SkyMiles American Express. However, I always pay it off each month.
From what I understand, your current credit card balance counts as debt that will lower your score (it's the making payments over time that raises it). So sending in an early credit card payment for the month can sometimes improve your score.
I would guess that it's the mortgage that helps the most in my case. Oh, and my wife has a loan for her car.
Good luck with your financing.
--
Jeff
Yes, current credit card debt does count on your credit.
Regards,
Todd
08-17-2002, 08:23 AM
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Is there a ratio or formula to follow regarding credit card debt?
How much is good? I only have one credit card with a $7,000 limit and $1,000 balance. I also have a 10K student loan. I'm making regular monthly payments on both. Am I doing ok?
I'm only asking because I was going to pay off my whole credit card balance and a third of my student loan before I read this thread.
How much is good? I only have one credit card with a $7,000 limit and $1,000 balance. I also have a 10K student loan. I'm making regular monthly payments on both. Am I doing ok?
I'm only asking because I was going to pay off my whole credit card balance and a third of my student loan before I read this thread.
08-17-2002, 08:26 AM
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peoples first
I was just approved at a rate of 4.75%. To get this rate you have to let them withdraw the money automatically from your checking account each month.
08-17-2002, 07:38 PM
#72
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Does anyone know what the ratio of principle vs interest is thru eloan and ppl1st? For example, at Travis Federal credit union, all the interest is calculated beforehand and your payments pay off all the interest you'll owe before even TOUCHING principle. When this happens you wont save any money by making double payments or whatnot, it'll just pay off your loan that many payments sooner. Some places do it 50/50, and some on a sliding scale.
08-17-2002, 07:44 PM
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Originally posted by Droz
Is there a ratio or formula to follow regarding credit card debt?
How much is good? I only have one credit card with a $7,000 limit and $1,000 balance. I also have a 10K student loan. I'm making regular monthly payments on both. Am I doing ok?
I'm only asking because I was going to pay off my whole credit card balance and a third of my student loan before I read this thread.
Is there a ratio or formula to follow regarding credit card debt?
How much is good? I only have one credit card with a $7,000 limit and $1,000 balance. I also have a 10K student loan. I'm making regular monthly payments on both. Am I doing ok?
I'm only asking because I was going to pay off my whole credit card balance and a third of my student loan before I read this thread.
08-17-2002, 07:47 PM
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Originally posted by cheap
Does anyone know what the ratio of principle vs interest is thru eloan and ppl1st? For example, at Travis Federal credit union, all the interest is calculated beforehand and your payments pay off all the interest you'll owe before even TOUCHING principle. When this happens you wont save any money by making double payments or whatnot, it'll just pay off your loan that many payments sooner. Some places do it 50/50, and some on a sliding scale.
Does anyone know what the ratio of principle vs interest is thru eloan and ppl1st? For example, at Travis Federal credit union, all the interest is calculated beforehand and your payments pay off all the interest you'll owe before even TOUCHING principle. When this happens you wont save any money by making double payments or whatnot, it'll just pay off your loan that many payments sooner. Some places do it 50/50, and some on a sliding scale.
08-18-2002, 02:33 AM
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Credit Card . . .
Originally posted by z350z
I don't get it either. I had a good credit score from Equifax (I think it was 753) but eloan.com rejected me for some reason. Weird. But my plan is to use a special deal my credit card is offering that gives me 3.9% until the balance is paid off (and put about $17k down). Sounds strange to use a credit card, but with a deal like that (and no additional fees of any kind), why not?
I don't get it either. I had a good credit score from Equifax (I think it was 753) but eloan.com rejected me for some reason. Weird. But my plan is to use a special deal my credit card is offering that gives me 3.9% until the balance is paid off (and put about $17k down). Sounds strange to use a credit card, but with a deal like that (and no additional fees of any kind), why not?
Spencer
08-18-2002, 02:38 AM
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Excellent question . . .
Originally posted by cheap
Does anyone know what the ratio of principle vs interest is thru eloan and ppl1st? For example, at Travis Federal credit union, all the interest is calculated beforehand and your payments pay off all the interest you'll owe before even TOUCHING principle. When this happens you wont save any money by making double payments or whatnot, it'll just pay off your loan that many payments sooner. Some places do it 50/50, and some on a sliding scale.
Does anyone know what the ratio of principle vs interest is thru eloan and ppl1st? For example, at Travis Federal credit union, all the interest is calculated beforehand and your payments pay off all the interest you'll owe before even TOUCHING principle. When this happens you wont save any money by making double payments or whatnot, it'll just pay off your loan that many payments sooner. Some places do it 50/50, and some on a sliding scale.
Spencer
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