I have received 2 letters from a local Citi Financial Office stating that I am preapproved for a loan of between $3,500 and $5,000. I have torn these up and thrown them away but was wondering if anyone else got these? There was conveniently no mention of the terms.
I used to get those ... once I called, a lovely 24.9% rate was one offer, a later offer was 19.9%. CitiFinancial is the old Commercial Credit and Associates First finance companies ... LAST RESORT lenders and fico-score killers. -mj
I did an american general loan which is the same as citifinancial. My credit score dropped 20 points because of it and my #2 factor is I have a finance loan(negative factor that is). If you enjoy abuse, want 24.99% interest, and love low scores I would recommend it.
Thanks for the replies. That's what I sort of figured. If I really needed the $$$ it would almost be cheaper to take a cash advance on a credit card!
We have a citifinancial rooms to go card that gave us 0% interest for 18 months. Since we needed furniture for our daughter we got the card and plan on paying it off by 7/2003. I have no intentions of using it after that date cause the interest rate is like 24.99% also. We just got it to get 0% financing for the 18 months.
