Citi Financial Loan Pre-Approval

Discussion in 'Credit Talk' started by boomer, Sep 10, 2002.

  1. boomer

    boomer Well-Known Member

    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.
     
  2. mj

    mj Well-Known Member

    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
     
  3. picantel

    picantel Well-Known Member

    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.
     
  4. Lonergr66

    Lonergr66 Well-Known Member

    they speak the truth!!!
     
  5. jrjr35

    jrjr35 Well-Known Member

    I got several offers from them, and they all went in the garbage.
     
  6. swajames

    swajames Well-Known Member

    They once sent me a pre approval for a home equity loan secured on the office building where I work!
     
  7. boomer

    boomer Well-Known Member

    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!
     
  8. hkolln

    hkolln Well-Known Member

    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.
     

Share This Page