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re: somebody talk me out of this (car related)

Posted on 4/16/15 at 2:08 pm to
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 4/16/15 at 2:08 pm to
quote:

This all makes logical sense to me, I just need to get over it. I intend to pay cash for the investment property upon graduation.

This may be a dumb question, but when a hard pull is done for an auto loan do you have a Grace period where The additional pulls do not have an effect? Similar to a hard pull for a mortgage.

Stahp already with the worry about the impact of the pulls on your credit. You need to establish a payment history with someone, somewhere, on something. Borrowing $15K for a car is not going to hugely impact your ability to borrow other monies based on your credit score/number of inquiries...what will matter is your income & assets.

Again, start reading some personal finance books/quality websites if you don't want to take a whole class. You need a better grasp of how credit works before you dip your toes into real estate investing (or practicing law). And you can break up your bar exam study with some personal finance study, LOL.

Borrow now, start paying it off. You'll have it paid off before you know it and your credit will improve as a result. Having no debt doesn't make you better or smarter than anyone else. Plenty of extraordinary successful people borrow money all the time: it is hard to grow a business in a pure cash circumstance.
Posted by Creamer
louisiana
Member since Jul 2010
2817 posts
Posted on 4/16/15 at 2:17 pm to
quote:

break up your bar exam study with some personal finance study, LOL. 



Haha, break up the studying with something enjoyable.

Did the Wharton thing on here recently have personal finance classes? If so, Is that adviseable?
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