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Jan 25, 2023
8:29:42pm

johnnybyu Truly Addicted User

The payment is dependent on amount rate and duration. Decrease the first 2 or

Increase the last and the payment goes down

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johnnybyu

Bio page: johnnybyu
Joined: Jun 6, 2002
Last login: May 3, 2024
Total posts: 14,807 (1 FO)

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Messages

Author

Time

<< Deleted >>

cvd6262

1/25/23 7:44pm

Any on time payment builds credit.

BlooCoog

1/25/23 7:47pm

Just get a college credit card if you want to improve your credit

novacoug1

1/25/23 7:47pm

^^^ this is what I would recommend. My dad helped me get my own CC, left it to

gww687

1/25/23 7:52pm

Also add him as an authorized user to all of your credit cards, just don’t give

Cougs or die

1/25/23 7:59pm

This is how I did it (unintentionally). First loan I ever got my FICO was 800+

DiamondMo

1/25/23 9:00pm

Unless he wants to build credit to buy another car. You can be declined on an

Negative Equity

1/25/23 8:12pm

If it’s just build credit, add him to your CC and never let him see the card. Credit score will go up

FromCAtoUT

1/25/23 7:57pm

CC credit is not he same as auto buying credit

Negative Equity

1/25/23 8:08pm

Let me get this right

novacoug1

1/25/23 8:16pm

What I’m trying to say is that no matter the credit, good or bad, you can be

Negative Equity

1/25/23 8:29pm

<< Deleted >>

cvd6262

1/25/23 8:12pm

Per Dave Ramsey,😁, no need to build credit. Also, don't lend money to family...

Boredname Checks Out

1/25/23 8:02pm

You only pay interest on the balance so finance the whole amount

Negative Equity

1/25/23 8:07pm

<< Deleted >>

cvd6262

1/25/23 8:13pm

None. It expressly says on every retail installment contract I have ever seen

Negative Equity

1/25/23 8:14pm

True but it may not change his monthly payment

cougarfann888

1/25/23 8:25pm

The payment is dependent on amount rate and duration. Decrease the first 2 or

johnnybyu

1/25/23 8:29pm

With most loans I have had they would just make you continue to pay the original

cougarfann888

1/25/23 9:02pm

Banks will do this, some credit unions will let you have prepayment defer

Negative Equity

1/25/23 9:04pm

Sorry just read detail about paying a big chunk the first month. Yes that

johnnybyu

1/25/23 10:32pm

At some credit unions when you pay ahead your next payment isn’t due until

Negative Equity

1/25/23 8:32pm

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