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Offline Zero2Cool  
#16 Posted : Monday, August 22, 2011 12:19:37 PM(UTC)
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Originally Posted by: DakotaT Go to Quoted Post
You're in no position to be wheeling and dealing on a different vehicle. Drive what you have and get it paid off as soon as you can. Then if you feel you want to upgrade go ahead.

Shuffling papar costs a lot of money. Those boys are all criminals.

You should come up for some beekeeping. Remember, Old man Dakota might be an asshole, but he has your best interest at heart.


If I trade it in for a broom, give the broom to my daughters mother an take her car. I should break even, right?

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Offline DakotaT  
#17 Posted : Monday, August 22, 2011 12:28:22 PM(UTC)
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Originally Posted by: Zero2Cool Go to Quoted Post
If I trade it in for a broom, give the broom to my daughters mother an take her car. I should break even, right?


I think you're way beyond the point of breaking even with Broomhilda.

.
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Offline Zero2Cool  
#18 Posted : Monday, August 22, 2011 12:44:54 PM(UTC)
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Originally Posted by: DakotaT Go to Quoted Post
I think you're way beyond the point of breaking even with Broomhilda.



Good point. Only way she'd accept a broom from me is if she gets to take a few swings first.

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Offline Zero2Cool  
#19 Posted : Thursday, December 19, 2013 12:40:05 PM(UTC)
Zero2Cool

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Originally Posted by: DakotaT Go to Quoted Post
You're in no position to be wheeling and dealing on a different vehicle. Drive what you have and get it paid off as soon as you can. Then if you feel you want to upgrade go ahead.

Shuffling papar costs a lot of money. Those boys are all criminals.

You should come up for some beekeeping. Remember, Old man Dakota might be an asshole, but he has your best interest at heart.


So, two later and now I have just over $7,300 left. My interest rate is 15.57% wowsa.


Age of Credit History I have a D on because my oldest account is only 3 an half years old. If I pay the car loan off early, how would this effect my credit rating/score?

Average Account Age 2 Yrs 10Mos
Oldest Open Account 3 Yrs 5 Mos
Newest Open Account 2 Yrs

Jun 25, 2010 - two student loans
Mar14, 2011 - car
Dec 7, 2011 - credit card

There's a second credit card, but can't find when it was opened. I only use one card and only use it for gas just to keep it active.

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Offline olds70supreme  
#20 Posted : Thursday, December 19, 2013 12:56:03 PM(UTC)
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Quote:
If I pay the car loan off early, how would this effect my credit rating/score?


I wouldn't worry about the effect on your credit score. Think of credit as a crutch that should be everybody's goal to get rid of. Even if it somehow hurt your credit score to pay it off early you will be miles ahead in terms of $. Paying it off early will be one step closer to getting rid of the crutch, and once you are rid of it it wouldn't matter what your credit score was, right? Credit scores will only matter to those that need the crutch. Look at the money you are paying on interest. Once the loan is paid off you can still make those "payments" to your savings. By the time it comes to buy another car you should be able to pay cash.

**Full disclaimer** I have loans (student and mortgage), but am focused on paying them off aggressively.
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Offline DakotaT  
#21 Posted : Friday, December 20, 2013 4:24:08 PM(UTC)
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Zero, if you run into a cash cow all of a sudden, the first urge is to go on a spending spree. The fiscal conservative pays down his debt first.

Paying off that loan would be a very good thing to do, and it won't hurt your credit score at all. Think of it as fucking the banker that has been fucking you. Then if you want, go upgrade your vehicle, but get a better loan rate, in fact, message me with the terms offered and I can go through the numbers to determine your level of sodomy.
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