Lockheed Credit Union Will Not Finance (now they will)

[DTB73]

Just spoke with Lockheed Federal Credit Union and they said that they will not offer any financing for the smart. They are familiar with the car (they know it's not grey market) but have decided that there are too many unknown factors at this time.
PS...They also will not finance any used Daihatsu cars.

[rwcmick]

yeah, pen fed is still waffling on the smart as well. hopefully they'll revisit this issue soon!

[kags1969]

What BS...

[nmitchell]

Good news--Lockheed Federal Credit Union is now offering financing for the Smart!

[jmartinsmart]

FYI, http://www.keypointcu.com/loans_greenvehicle.htm
5.24% 100 % financing "Green Vehicle Loan"

Jim

[andysteadgate]

I have an emergency situation where i need to get $1000 fast for my car to be repaired. I need the money fast but I still want to not get screwed over. My friend suggested an online site that he used before called
I looked it over and it looks ok, but I am not sure
what is a reasonable rate for a payday loan. Is there a standard for this
type of loan? Also does a payday loan effect your credit?

[shark]

Originally Posted by andysteadgate

I have an emergency situation where i need to get $1000 fast for my car to be repaired. I need the money fast but I still want to not get screwed over. My friend suggested an online site that he used before called
I looked it over and it looks ok, but I am not sure
what is a reasonable rate for a payday loan. Is there a standard for this
type of loan? Also does a payday loan effect your credit?

Payday loans are high interest and the rates usually are standard for the area. They are a good source for emergency cash if you absolutely have no other source (credit union, friend , relative).

They are payed in full on your next pay date. Dont get trapped into refinancing. That is where the problem is with payday loans. They are great if used for what they where designed. Like emergency auto repairs.

They dont effect credit unless you do not repay it.

[forestacademy]

Payday loans: RUN Away as fast as you can!!

[BigWarpGuy]

Originally Posted by forestacademy

Payday loans: RUN Away as fast as you can!!

It sounds like an ad on tv about CashCall. If one sees the small print, one pays 99% interest on it. One would end up paying thousands of dollars to repay one thousand dollar loan.

[John_H]

Creadit unions and even banks may offer an alternative to a payday loan vendor. Check with the resources you already have and you may end up with a better situation all around.