Reply
Results 1 to 8 of 8
  1. #1
    Lord Evil_D's Avatar
    Join Date: Oct 2009
    Posts: 9,640
    Rep Power: 53103
    Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000)
    Evil_D is offline

    Thoughts On Advice Given By Bank. Will Rep

    I've got about 2/3 of the funds for a project on my house.
    Asked my wife to call bank to make a general inquiry only with regards to obtaining the remaining funds (to see what our options are).

    I know women aren't the best at negotiating but she claims the douche on the phone told her it would look bad on credit history getting a loan for such a small amount.

    So, lets just put aside I'm already comfortably settled in a nice house, never missed a payment, have a great credit history, no other debt.
    But this douche thinks getting a small loan would look bad on credit history...

    Sounds like purity spiraling to me - they cant find anything wrong so they are just making up negatives now.

    Of course, it's probably even more likely he just didn't want to do his job.

    Thoughts?
    ...and according to which an ensign might rank incomparably higher than a general, and according to which what was needed for success in the service was not effort or work, or courage, or perseverance, but only the knowledge of how to get on with those who can grant rewards, and he was himself often surprised at the rapidity of his success, and at the inability of others to understand these things
    Reply With Quote

  2. #2
    Registered User Destor's Avatar
    Join Date: Apr 2012
    Location: Alberta, Canada
    Age: 39
    Posts: 26,097
    Rep Power: 234893
    Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000) Destor has a reputation beyond repute. Second best rank possible! (+100000)
    Destor is offline
    I’ve done my credit score research over the years and have never heard of small loans negatively affecting credit score. That being said, conceivable it could impact an individual’s assessment of your credit health if they look into it and see you sourcing credit for smaller amounts

    How small are we talking? What about getting a larger revolving line of credit and just using a small portion of it, based on your apparent ability to already control your spending
    Reply With Quote

  3. #3
    Registered User paulinkansas's Avatar
    Join Date: Sep 2018
    Posts: 8,490
    Rep Power: 94068
    paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000) paulinkansas has a brilliant future. Third best rank! (+40000)
    paulinkansas is online now
    Have you looked into a HELOC. Home Equity Line of Credit.
    Reply With Quote

  4. #4
    Registered User Baylorballs's Avatar
    Join Date: Jul 2013
    Location: Humble, Texas, United States
    Age: 42
    Posts: 7,794
    Rep Power: 34860
    Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000) Baylorballs has much to be proud of. One of the best! (+20000)
    Baylorballs is offline
    I would call 2 or 3 other banks/ lenders. An experienced lender should give you some insight on this.

    That said.. I'm in real estate and I would hesitate to dump 66% of your funds into your house. WIll you live there for 10+ years? maybe sell soon ? Make sure the money you pour into it will help it's value ( kitchen, Bathrooms ) that will appeal to other buyers ( ie nothing TOO extravegant ) good luck
    Just trying hard to not be a fat sack-o-chit.

    Real Estate Crew
    Reply With Quote

  5. #5
    Banned powerlifterer's Avatar
    Join Date: Sep 2020
    Age: 54
    Posts: 29
    Rep Power: 0
    powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10) powerlifterer is on a distinguished road. (+10)
    powerlifterer is offline
    I would take that as "This small loan is not going to help me reach my sales goals so I dont't want to be bothered but I need to say something to get you off my line"
    Reply With Quote

  6. #6
    Forever aBOARD guest89's Avatar
    Join Date: Sep 2003
    Location: United States
    Posts: 34,051
    Rep Power: 158557
    guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000) guest89 has a reputation beyond repute. Second best rank possible! (+100000)
    guest89 is offline
    Sounds like BS to me. My dad was a tradie that made pretty good money (2k-3k per week) when I was growing up. He typically spent it as soon as he got paid. So if he needed money for a small project (Say 5-10k) he'd take out a small loan from the bank. He and my moms credit was always 800+. They never had issues getting a loan.

    He most likely don't want to waste time on a small figure.
    Reply With Quote

  7. #7
    Lord Evil_D's Avatar
    Join Date: Oct 2009
    Posts: 9,640
    Rep Power: 53103
    Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000) Evil_D has much to be proud of. One of the best! (+20000)
    Evil_D is offline
    Originally Posted by powerlifterer View Post
    I would take that as "This small loan is not going to help me reach my sales goals so I dont't want to be bothered but I need to say something to get you off my line"
    Originally Posted by guest89 View Post
    Sounds like BS to me. My dad was a tradie that made pretty good money (2k-3k per week) when I was growing up. He typically spent it as soon as he got paid. So if he needed money for a small project (Say 5-10k) he'd take out a small loan from the bank. He and my moms credit was always 800+. They never had issues getting a loan.

    He most likely don't want to waste time on a small figure.
    Thanks brahs.
    This seems the most likely explanation.
    The rot of hyper-individualism and rotten attitudes has reached everywhere in 2020, even people who are supposed to be customer service professionals.
    ...and according to which an ensign might rank incomparably higher than a general, and according to which what was needed for success in the service was not effort or work, or courage, or perseverance, but only the knowledge of how to get on with those who can grant rewards, and he was himself often surprised at the rapidity of his success, and at the inability of others to understand these things
    Reply With Quote

  8. #8
    Registered User Zjunky's Avatar
    Join Date: Aug 2008
    Age: 56
    Posts: 1,270
    Rep Power: 13049
    Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000) Zjunky is a splendid one to behold. (+10000)
    Zjunky is offline
    Not necessarily.

    The bank rep may be making a good point. If you are borrowing small amounts and someone pulls your credit history it may appear that you can't manage your money. The credit history says "Customer borrowed $X." If $X is small that may look bad because most small $X are things like Payday loans. The credit history won't specify that it was an investment in your home.

    If it's a small amount you may be better off putting it on a credit card and using your existing credit rather than putting something on there that can be mistaken for something else.
    Reply With Quote

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts