PeopleFirst Car loan!!!

Discussion in 'Credit Talk' started by Ron, Jan 14, 2002.

  1. Ron

    Ron Well-Known Member

    My brother applied for Peoplefirst carloan. He got perfect credit history and they gave him 10.95% APR and 31,000 loan amount. Their rate is higher than Bank Of America's car loan.



    Ron.
     
  2. sam

    sam Well-Known Member

    "TOLD YA SO" they suck.

    So does capitalone.

    If you have good credit you should not be paying any more than 5-6% TOPS.

    Poor credit is 10% at a dealer these days

    Market is rough. dont let those folks prey on you at people-last.
     
  3. Ron

    Ron Well-Known Member

    Sam,

    No kidding. When my brother saw the results and he yelled. He denied the offer. After 5 minutes, Peoplefirst called him at work and he was so upset. He didn't answer the phone. Even BofA rate is better than that. My brother credit is perfect and it is not subprime. He got subprime and he yelled "SEE YOU".



    Ron.
     
  4. GEORGE

    GEORGE Well-Known Member

    WITH 0.00% @ 60 MONTH LOANS...WELL YOU DO THE MATH...10.95% sounds HIGH...

    It should STILL be a buyers market...
     
  5. Ron

    Ron Well-Known Member


    George and Sam,

    Not only 10.95% rate is high and they also want two years of income tax returns , pay checks stub, driver license. It is hassle.


    Ron.
     

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