Quote:
Originally Posted by Ranger01
I really don't want to go out of my way to build my credit, thanks for your advice. I will look into credit unions
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Even if the credit union quotes a higher rate to say, buy a truck.
Ask what will you have paid at the end of the loan.
I bet even at the higer interest rate you will have paid less at the end of your loan.
The credit union does not compound your interest, and a bank does.
Like GMAC.
I saved 2K over the life of the loan at the higher rate of the credit union.
I only keep Discover Card for emergencies only.
They are such an uncntrolled outfit.
They can charge whatever interest they want, change the rates,
and that is why they are bringing such attention today.