Financial Advice/ Fd Help.
#1
Its time to ask my alcoholic friends for financial advice.
Well. I’m 19, live in CA. Going to school full time and working full time, living in a new town in a apartment with my girlfriend. I do not have a credit card because I don’t wish to Co-sign with my parents. And no one will give me one because I simply have never HAD any credit. Ok so here is the deal. I need a commuter car. I cant drive my FD to work everyday its bull ****. Also I blew my engine up last night in FD …so I’m out of a car and out of my baby…So what should I do! Right now I’m thinking of taking our a $6,000 loan. Buying a beater for 1,000. Buying a new engine and at the same time build up the engine I bit. Time to get a FMIC maybe. Porting etc. So how should I go about getting a loan from my bank?, I have Washington mutual. How should I go about buying a new Engine? I can easily install it myself so labor is not an issue. What would you guys do. I love the car more then anything. So I cant sell it.
Thanks guys
-Tyler
Well. I’m 19, live in CA. Going to school full time and working full time, living in a new town in a apartment with my girlfriend. I do not have a credit card because I don’t wish to Co-sign with my parents. And no one will give me one because I simply have never HAD any credit. Ok so here is the deal. I need a commuter car. I cant drive my FD to work everyday its bull ****. Also I blew my engine up last night in FD …so I’m out of a car and out of my baby…So what should I do! Right now I’m thinking of taking our a $6,000 loan. Buying a beater for 1,000. Buying a new engine and at the same time build up the engine I bit. Time to get a FMIC maybe. Porting etc. So how should I go about getting a loan from my bank?, I have Washington mutual. How should I go about buying a new Engine? I can easily install it myself so labor is not an issue. What would you guys do. I love the car more then anything. So I cant sell it.
Thanks guys
-Tyler
#3
Good luck getting a personal loan with no credit or collateral. You can't just 'get a loan for $6k' for a car that's worth $1k. The bank would have no asset to cover the liability. If you had credit or equity or something you could get a personal loan, or a equity line of credit or something and it'd be no problem..
#4
Well. Im going to automotive school, Right now im acually geting paid to go to school. Im a Smog Ref for CA. so I duno...school costs are not an issue, its more like...I know i will be making good money a year from now. I duno.