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Old 08-13-2009, 11:48 AM
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blackberrybunny blackberrybunny is offline
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Join Date: Apr 2000
Location: North Central Flor
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Question Has anyone ever used LendingTree.com before? Maybe for a small personal loan?

I need to buy a Honda scooter and it costs $3,400. Maybe you saw my math question in the forum, about figuring out interest rates? Well if so, then you know I need $2,500 pretty much, to cover the cost. I already have $1,000 in cash and I need about $2,500 more. Maybe only $2,000. How do I get this money, I am wondering..........

I saw a commmercial for LendingTree.com and thought, hmmmm.... wonder how it works? I've never used a site like theirs. I start filling out the form, and it asks for my social security number. I am scared. I don't continue. I also wonder, if filling this out, IF I did continue filling out the form, would it show up on my credit report as an inquiry? LendingTree only finds you places in your area that might be able to lend to you, right? They are not actually the ones doing the lending, correct? So why would they need my social security number?

I already have one credit inquiry in the past week while at the Honda dealer. I asked them about financing options, and they ran a credit check and got me approved from Honda for some riduculous rates.

I still need $2,500.... If I could just get that in CASH, (LOL!) I could walk into the dealer and have some bargaining power!! I could avoid all of that interest!

I have enough credit on a credit card to put the entire purchase down. The credit card has an interest rate of 3.9% until Dec. of 2010, over a year away. Then it jumps up to 14.2%. Is this an option I should consider? I could put the entire amount down on the cc, then send in a $1,000 payment immediately...is this a bad idea? I think so.......

My bank, JPMorgan/Chase, quit giving out unsecured personal loans 6 months ago. I called them yesterday, so they are not an option. What a disappointment!

What about a local bank I'm not affiliated with? I guess they wouldn't even give me a shot, eh? They'd want me to have an account with them first probably....

I could borrow the money from Mom, but do NOT want to do this. So this is NOT an option, please! I am trying to figure out how to get this money myself.

So far, I've looked into: Financing through Honda themselves, my bank, my credit cards and looked over LendingTree.com. Can you guys think of any other avenues I need to look down? Is LendingTree a good way to go? I have never had to get a personal loan like this, so I'm in the dark..... My credit is Good, and I only need $2,500. I could probably really just do with $2,000. Any ideas?
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