42K Loan

[kingscrown]

obvious scam

[demonmaestro]

obvious scam

Why must people feel the need to talk out of there ass? But I'm curious as to how this is a "scam"?

[leex1528]

I am curious how long your loans are now.  Are they for a house, student loans? 

I just think 42,000 at 5% is roughly 800 dollars a month for 5 years...that isn't exactly cheap!

I would personally love to get my student loans paid off but I can't afford to dump 800 dollars in them every month...Right now I have about 36,000 in student loans and I am paying $230 a month...lot longer loan time and when I pay extra I pay extra...

[demonmaestro]

Yes I know why the cost is. And currently I am paying out to the banks $1100.00. So I am paying way more in combined interest.
As they sit right now they have a payoff date of 2020.

[leex1528]

Yes I know why the cost is. And currently I am paying out to the banks $1100.00. So I am paying way more in combined interest.
As they sit right now they have a payoff date of 2020.

Gotcha, it sucks cause I would love to do this, but I pay my student loans for like 20 years....Maybe one day I will not be in debt:0

[Tomatocage]

obvious scam

Why must people feel the need to talk out of there ass? But I'm curious as to how this is a "scam"?

It's not a scam, but if one is faced with being $42K in the hole or simply walking away from a free account on some internet message board, 999 out of 1000 will choose the latter. That's why people here would prefer it if you obtained a loan from a bank, since at least you have a compelling reason to pay back the debt. With a loan obtained here, there's absolutely no reason for you to pay anything back.

[demonmaestro]

obvious scam

Why must people feel the need to talk out of there ass? But I'm curious as to how this is a "scam"?

It's not a scam, but if one is faced with being $42K in the hole or simply walking away from a free account on some internet message board, 999 out of 1000 will choose the latter. That's why people here would prefer it if you obtained a loan from a bank, since at least you have a compelling reason to pay back the debt. With a loan obtained here, there's absolutely no reason for you to pay anything back.

Yea that is understandable but unforgettably both my bank and credit union will only go to $30k on a personal loan.
I am just trying to pay it off faster and the best way to do that is to pay one lump sum rather than pay multiple loans with there own interest.

Besides a quick google search of my SN and you will quickly find who I am and people that know me personally. I have had this SN since the dial up days sooo yea.      I don't miss dial up.