***Official WA Chat Thread***
I figured since everyone has one, they must be decent bikes. I just don't know much about anything with two wheels and I am looking to get a bike within the next month or so. I rode my brothers a bunch today for the first time, and I would love to have one for the summer coming up.
That really sucks and it must be fallout from the economy. You're saying you don't have debt other than the car (which sounds like it would be the trade-in) and the 1 credit card. WTF? Usually debt to income should be 35%-40% or so (makes lenders feel good) but I've seen them sway up to 60%. Mind you, this was in a better economy as I haven't had to worry about this for a bit.
Did you find out what your credit score was? You should be able to call and ask. If over 700 this shouldn't be an issue - even in the high 600s. Also, how many institutions did they try? Maybe try to get your own pre-financing through your bank or join somewhere like a Credit Union like Becu or First Tech, etc. This doesn't seem difficult for a $19k car (I believe that is what you said) with a down payment and a 4 - 6 year loan (I'm assuming). Sorry to hear all this.
Did you find out what your credit score was? You should be able to call and ask. If over 700 this shouldn't be an issue - even in the high 600s. Also, how many institutions did they try? Maybe try to get your own pre-financing through your bank or join somewhere like a Credit Union like Becu or First Tech, etc. This doesn't seem difficult for a $19k car (I believe that is what you said) with a down payment and a 4 - 6 year loan (I'm assuming). Sorry to hear all this.
1) Short credit history
2) Lack of stable, long term employment
3) Relatively high existing debt:income ratio
FICO is one factor, but a high FICO score does not necessarily indicate the buyer can pay it off.
credit only makes the "world go round" because of stupidity. Building up your FICO score is just letting people know that you're good at being in debt, which is dumb. It's better to have no debt and enjoy life. save up for something you want, get it when you can afford it.
Let me know how long it takes you to save up to buy a house.
so how do you plan on saving up a couple million dollars to buy a business or a new home? credit is very important! having great credit and being in debt dont go hand in hand
*edit* dam, jake beat me.
*edit* dam, jake beat me.
So I decided to dance tonight and I took a little video..
here ya go
http://www.youtube.com/watch?v=p-67Xt5R8DY
here ya go
http://www.youtube.com/watch?v=p-67Xt5R8DY
If the lender is being responsible, they're looking at the ability of the borrower to pay off the loan. I'm pretty sure Jenni is young, so she's got a few things working against her:
1) Short credit history
2) Lack of stable, long term employment
3) Relatively high existing debt:income ratio
FICO is one factor, but a high FICO score does not necessarily indicate the buyer can pay it off.
1) Short credit history
2) Lack of stable, long term employment
3) Relatively high existing debt:income ratio
FICO is one factor, but a high FICO score does not necessarily indicate the buyer can pay it off.
credit only makes the "world go round" because of stupidity. Building up your FICO score is just letting people know that you're good at being in debt, which is dumb. It's better to have no debt and enjoy life. save up for something you want, get it when you can afford it.
Newbie
Joined: Apr 2009
Posts: 24
Likes: 0
From: Bothell, WA
So I decided to dance tonight and I took a little video..
here ya go
http://www.youtube.com/watch?v=p-67Xt5R8DY
here ya go
http://www.youtube.com/watch?v=p-67Xt5R8DY
ROFL! Thats great...
So I decided to dance tonight and I took a little video..
here ya go
http://www.youtube.com/watch?v=p-67Xt5R8DY
here ya go
http://www.youtube.com/watch?v=p-67Xt5R8DY
or did you just stuff that leotard???
I figured since everyone has one, they must be decent bikes. I just don't know much about anything with two wheels and I am looking to get a bike within the next month or so. I rode my brothers a bunch today for the first time, and I would love to have one for the summer coming up.
You are completely right but a year ago she probably wouldn't have had the same issue which is why I call this fallout from the economy. Is it a bad thing overall? For a big chunk of the population, clearly not. For Jenni? I honestly don't know but she is at least responsible enough to save up the down payment, which a lot of people in the last decade or so haven't been doing well.