• 0 Posts
  • 47 Comments
Joined 2 years ago
cake
Cake day: June 14th, 2023

help-circle







  • I 100% fixed my credit score with these types of shitty high interest loans. I took it from 450 to 700 pretty fast.

    I realized that credit score formulas are heavily weighted by payment history and credit balances. I had no credit card balances but I had bad payment record from being a stupid kid in college.

    Once that dawned on me, I put all my debt into a high interest loan. Made a payment or two then my credit score would go up a bit, and I’d refinance to a somewhat lower interest rate. Those high interest loans kill most people on interest so they don’t have origination fees. I kept refinancing to better rates until I got down to a reasonable number. By then my credit score was 700 and I could make consistent affordable payments until it was gone.

    I wouldn’t recommend this to most people. It takes a lot of research and planning. The financial landscape has changed a lot since then too.

    NOTE: Just because I had a success story with these doesn’t mean I think the types of loans are good. I found a loophole.

    I think this industry is fucking gross and they target people in my situation with little knowledge of how loans and credit work. It’s a shame the CFPB couldn’t do more to stop it and now they are dead too.













  • My office transition from WFH to Hybrid. A lot of people quit over the last year. We’re severely understaffed and we have had trouble hiring.

    We had our worst internal survey results for the entire 10 years of my employment.

    Management doesn’t seem to correlate the RTO rules as the problem though. 🙃

    I’ve been trying to quit too, but I haven’t be able yo find a job yet (i was trying to change careers)