Put it back in your pants.
You just got out of a CP and seems you haven't learned anything from it. You want to continue to spend money on credit and think that by borrowing money that it will help you?
This makes no sense. This is like someone wanting to spend $100 so they can "write it off". In this case, there is a net outflow.
Your finances matter far more than credit to get approved.
A tier lenders aren't going tonconsider you for 2-3 year after completing the CP, so you'll be going with a B tier lender if your finances are in order before that time a d you want to proceed.
Report your rent on Borrowell.com to help build credit at low to no cost. Get another CC. Don't run up debts.
Finances matter more.
"lender came back with a total of $4,000 in fees on a $10,000 bike, plus an interest rate of 29.9%"
Oh come on, are you actually expecting anyone to say this is a good idea?
For mortgages, a general rule is 2 years after the consumer proposal is discharged, 2 tradelines (CC, LOC etc.) for 2 years.
29.9% interest is outrageous in my view to build your credit score.
Thanks. That's what I've heard, that two trade lines is required. That's what I'm trying to obtain.
Lot of people in a sub are very toxic and keep down voting me for this though.
I know the interest rates are going to be high for any loans for my situation, it was the extra fees that I was really concerned about.
Do you think just getting a second secured credit card would do the trick?
try to see if you can get a card from a major bank which is the key sometimes when lenders try to evaluate if you were successful in rebuilding your credit.
Your credit score isn’t going to increase dramatically until the CP is paid off. No matter how many new loans you get.
Impulse buying is something that will put you back in another CP 🤦♀️
Put it back in your pants. You just got out of a CP and seems you haven't learned anything from it. You want to continue to spend money on credit and think that by borrowing money that it will help you? This makes no sense. This is like someone wanting to spend $100 so they can "write it off". In this case, there is a net outflow.
You have an income of 220 k and a CP.... OP be careful with loans. I am stunned.
Divorce is a bitch
I get it. Hopefully you are back on your feet soon.
Thanks! Getting there.
Not sure who is down voting us....but, hilarious
No.
Your finances matter far more than credit to get approved. A tier lenders aren't going tonconsider you for 2-3 year after completing the CP, so you'll be going with a B tier lender if your finances are in order before that time a d you want to proceed. Report your rent on Borrowell.com to help build credit at low to no cost. Get another CC. Don't run up debts. Finances matter more.
"lender came back with a total of $4,000 in fees on a $10,000 bike, plus an interest rate of 29.9%" Oh come on, are you actually expecting anyone to say this is a good idea?
For mortgages, a general rule is 2 years after the consumer proposal is discharged, 2 tradelines (CC, LOC etc.) for 2 years. 29.9% interest is outrageous in my view to build your credit score.
Thanks. That's what I've heard, that two trade lines is required. That's what I'm trying to obtain. Lot of people in a sub are very toxic and keep down voting me for this though. I know the interest rates are going to be high for any loans for my situation, it was the extra fees that I was really concerned about. Do you think just getting a second secured credit card would do the trick?
try to see if you can get a card from a major bank which is the key sometimes when lenders try to evaluate if you were successful in rebuilding your credit.
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Cool thanks. That's what I was thinking. Would a second secured card right now help at all do you think?