So I spoke with Jim last night, and he's able to bring our interest rate down by over a point. My jaw almost hit the floor. I mean, over a point still means we're paying 25.9%, but that's what happens when you have bad credit and really need the money - you have to go to the legal equivalent of a loan shark.
Hey, at least it wasn't a payday advance place (which I've also done, but not for probably about 4 or 5 years).
Of course, he also tried to get me to include paying off my car and another loan I have and increase the amount of money I owe the loan sharks. Yeah, right. Consolidate two loans that are under 15% interest into one that's bordering on 26%? Not likely, Jim.
In other news though, we paid off the evil evil bank last week. I loathe banks, so this was a relief to me. Credit Unions all the way!! One loan down, 3 more to go!
Posted by beenie at May 26, 2004 08:04 AM