Quote:
Originally Posted by Wicked Xtreme |
Watch out for Enhance Loans. What they basically do is run 4-6 loan applications in your name. This is bad for your credit score, and looks bad for future, more legitimate loans (i.e. emergency medical, mortage, car, any kind of loan).
On top of that, their rate is pretty absurd... I believe that "well qualified" borrowers START at 9.9% APR. I wouldn't be surprised if anything they deem as risky shot that up to over 20%.
If you think you can have it paid off in 6 months or less, go to steeda. You'll pay a little more, but they have 6 months / no interest available. Just watch if you go over six months, it's like 22% APR.
I'm half thinking about going with the Steeda route myself. I can have it paid off in 6 months, if nothing comes up in those six months. However, I think I'm more leaning towards just saving the money and buying everything when I really have the money for it (no reason to have another monthly payment!).
Hope that helps ya.