Money Matters
CowgirlK39
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Choosing a bank for car loan
H and I are probably going to buy a new car this week. A deal came up that we can't refuse. We both have cars now but his is in rough shape and may not make the year. I still have a loan on mine, at the same bank as the credit card I have. I make all my payments on time on both of those. Should I seek another loan for about $11,000 at the same bank? I currently owe about $4500 on my car and have $1000 on my credit card. Is that too much to be able to ask the bank for another loan?
Re: Choosing a bank for car loan
I've never taken out a car loan, but I have two thoughts for you on this:
First, I've heard that credit unions are often good places to get car loans. Is there one you can join in your area? The rates at mine start at 3%. I would also check with the dealership, if there is one, as PP mentioned. Why not shop around, right?
Second, any lender will check your credit report and look at all of your debt to decide your ability to repay the loan. So I don't think it will make a huge difference what lender you go to. The only issue is if your bank finds you to be at all risky with this much debt, they may deny you or offer a higher interest rate, since they stand to lose more if you stop making payments.
"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss
"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss