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xie
Jul 29, 2004

I GET UPSET WHEN PEOPLE SPEND THEIR MONEY ON WASTEFUL THINGS THAT I DONT APPROVE OF :capitalism:
Paying off your car loan early (or any loan) will not improve your credit.

I'm far from an expert and am not giving advice, but I sense a general lack of understanding about your finances. You got taken for a ride on an absolutely predatory car loan because of, well, I'm not sure! You're not either. You took someone's word for it or didn't shop around after they said you had bad credit.

600 isn't a good score, but it's not the worst in history. Why couldn't you buy the car in the new location?

quote:

I was told that I should wait a year and then try. Part of the reason the rate is so high is that I moved cross country and just started a new job which I guess makes it harder to get a good rate on a loan since you dont have a good work history or something.

Who is telling you this stuff? Don't just believe people at face value. Most people don't know anything about finances.

xie fucked around with this message at 18:21 on Jun 5, 2014

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