I just did this deal and they look at your credit but it doesnt change anything. I also ask the lady if you put any money down will it help at all and she said no. Your right, they dont want you to pay it off. I have 69 bucks with 8.9%. All i do is pay 150 and just take the interest from that and pay a little more.

 

Did the 69 amonth and the winch deal last year,I paid it off in four months, was my plan to use there money untill the tax return rolled in,the only thing i did not like .
The HNSG bank that holds this credit card called once a week to try and sell insurance on the account.

 

I start my new job next December (still in college), thought I would get an early gift to myself[img]i/expressions/face-icon-small-smile.gif[/img] I won't have a problem paying it off before the 2 years is up. I just not sure I have the credit for it and not sure I want them to run my credit in the case i can't get it, then it hurts my credit.

 

This is a credit card account,however the account is secured with the title .I am not sure what beacon
scores this bank is looking for,I would think that would affect the amount you can borrow more that the interest rate.

 

go to www.freecreditreport.com I think is the website and run your credit report to see what your score is. I check mine once a year to make sure its all in order.

 

there is a reason it 69....you get screwed every month

 

whats with the double posts?

 

well when you file for bankruptcy they know that you cant do it for another 7 years, so if you are stupid enough(or unlucky enough to get put in the same situation again) your screwed and are stuck with what you have bought and cant declare again so they know they have you stuck and you cant turn it back on them with filing for bankruptcy again.

 

My buddy did the 39 a month on a bike in 2003 and is regretting it everyday because for the first 2 years he only paid the 39, now he has a balance of 6500 on a bike that is worth 5k and his payments are going mostly towards interest. If you do the small payment amout a month thing, get it paid off in two years or you'll regret it. My suggestion would be to get a loan or 48 or 60 months, have flat payment each month. You'll end up paying 11k for a quad with a sticker of 8k, but as said before the borrower is a slave to the lender....

 

Yeah I just thought it was a good idea until I get the cash. I would not be thinking about this if I didn't plan on paying it off before the two years. I can get the the Grizzly 700 FI with out the powersteering for $6799.00.......I think that is a pretty good deal...