I just turned 18 and am working. I need a set of tires for my truck...and preferably a set of wheels too.
I am thinking about getting them at Les Schwab...good or bad idea? Would they let me do that?
Thanks
I am thinking about getting them at Les Schwab...good or bad idea? Would they let me do that?
Thanks
Registered User
What do you mean? On credit card or on actual credit (walk in and say "i'll pay you back someday")? Yes for the former, no for the latter, unless you dad buys tires for fleet or something. You have to be a regular customer to get credit like that, even then its very rare (like only at Ma and Pa grocery stores you've been going to as long as you can remember).
Registered User
they might open you up a charge account, depending on your credit score.
it helps if you have some money down also! and if you wanting to build your credit, a credit card is a good way! make sure that the Schwab's your going to reports to the credit bureau regularly.
it helps if you have some money down also! and if you wanting to build your credit, a credit card is a good way! make sure that the Schwab's your going to reports to the credit bureau regularly.
Registered User
Well, it is an option to build your credit rating. If they offer a sponsored credit card (visa, mastercard, discover, etc.) even better.
3 things to consider:
1) if you make the minimum payment, you will pay a lot more for the tires/etc. than if you pay more than the minimum due to interest charges, etc.
2) paying it off too quickly also doesn't look good on the credit report, in the long run.
3) If they give you a 'no interest charge if paid in full by (insert date here)', that works in your favor since you'll save the interest charges... but only helps your credit if you make regular, above normal payments and have it paid off just before the date indicated. So basically you want to make payments, but not pay it off too soon, but not too late either. Catchin' my drift?
I used to work for a 'toybox' trailer dealer and our lending companies often denied people who had credit accounts, but no outstanding balance. They look for history, as in it appears that you can meet your commitment but didn't get into a spot and paid it off just so you wouldn't have that bill.
3 things to consider:
1) if you make the minimum payment, you will pay a lot more for the tires/etc. than if you pay more than the minimum due to interest charges, etc.
2) paying it off too quickly also doesn't look good on the credit report, in the long run.
3) If they give you a 'no interest charge if paid in full by (insert date here)', that works in your favor since you'll save the interest charges... but only helps your credit if you make regular, above normal payments and have it paid off just before the date indicated. So basically you want to make payments, but not pay it off too soon, but not too late either. Catchin' my drift?
I used to work for a 'toybox' trailer dealer and our lending companies often denied people who had credit accounts, but no outstanding balance. They look for history, as in it appears that you can meet your commitment but didn't get into a spot and paid it off just so you wouldn't have that bill.
Registered User
Quote:
debt:income, expense:incomeOriginally Posted by TOYOTA 1
dont forget about "debt to income ratio" lol
also something to consider. thanks TOYOTA 1 for bringing that up.
Registered User
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Wait a second, are you saying that me paying off my credit card bills as soon as I get them for the past year and a half is a bad thing? Pretty much the only thing I haven't paid off right away is my computor, witch I plan to pay off next bill and was only spread over 3 months...Originally Posted by abecedarian
but not pay it off too soon, but not too late either. Catchin' my drift?
Registered User
np, my GF is a banker and she hammers me all the time about my credit and my money lol.
Registered User
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Yup. When I met my wife she was in debt with credit cards up to her eyeballs and had great credit. Since I had been paying cash for everything (including vehicles) my entire life I couldn't qualify for a credit card with a limit above 500$.Originally Posted by JasonWin
Wait a second, are you saying that me paying off my credit card bills as soon as I get them for the past year and a half is a bad thing? Pretty much the only thing I haven't paid off right away is my computor, witch I plan to pay off next bill and was only spread over 3 months...
Of course that was 6 years ago and things have changed for me...... now I have GREAT credit....... and no money.
Registered User
hmmm, good to know... maybe i'll get those gears and lockers before I have all the money saved up then...
Registered User
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I can only refer to my experience with the lenders (greentree and others).Originally Posted by JasonWin
Wait a second, are you saying that me paying off my credit card bills as soon as I get them for the past year and a half is a bad thing? Pretty much the only thing I haven't paid off right away is my computor, witch I plan to pay off next bill and was only spread over 3 months...
In their 'opinion' paying off too quickly, even before the bill is due, means you are not fulfilling your agreements. Not that they don't appreciate loans / credit paid off early, but they want to see some payment history where payments are made regularly, not just the minimum payment, and the loan / credit is paid off 'too quickly'.
Realistically, the only way they make substantial money off of you is if your payments, at least part of them, is towards the interest on the charge, and that is the basis for wanting to see you make regular payments over an extended period of time.
Make sense?
Registered User
Makes sence, but seems foolish. In a way your just buying credit then. Realistically someone who pays off bills right away should have better credit than someone in debt...
Registered User
Quote:
In their 'opinion' paying off too quickly, even before the bill is due, means you are not fulfilling your agreements. Not that they don't appreciate loans / credit paid off early, but they want to see some payment history where payments are made regularly, not just the minimum payment, and the loan / credit is paid off 'too quickly'.
Realistically, the only way they make substantial money off of you is if your payments, at least part of them, is towards the interest on the charge, and that is the basis for wanting to see you make regular payments over an extended period of time.
Make sense?
That's good advice. I'd wondered about that in the past, I've always paid stuff off right away whenever the bill shows up as opposed to when the bill is due.Originally Posted by abecedarian
I can only refer to my experience with the lenders (greentree and others).In their 'opinion' paying off too quickly, even before the bill is due, means you are not fulfilling your agreements. Not that they don't appreciate loans / credit paid off early, but they want to see some payment history where payments are made regularly, not just the minimum payment, and the loan / credit is paid off 'too quickly'.
Realistically, the only way they make substantial money off of you is if your payments, at least part of them, is towards the interest on the charge, and that is the basis for wanting to see you make regular payments over an extended period of time.
Make sense?
Les Schwab does have credit right? My parents have a charge account (same thing?) that they pay a monthly amount on.
Just thought I would build some credit. I tried to apply for a Wal-mart credit card and that was a no go. LOL
Just thought I would build some credit. I tried to apply for a Wal-mart credit card and that was a no go. LOL
I'd be willing to get a credit card and purchase them online if that would help?
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3 things to consider:
1) if you make the minimum payment, you will pay a lot more for the tires/etc. than if you pay more than the minimum due to interest charges, etc.
2) paying it off too quickly also doesn't look good on the credit report, in the long run.
3) If they give you a 'no interest charge if paid in full by (insert date here)', that works in your favor since you'll save the interest charges... but only helps your credit if you make regular, above normal payments and have it paid off just before the date indicated. So basically you want to make payments, but not pay it off too soon, but not too late either. Catchin' my drift?
I used to work for a 'toybox' trailer dealer and our lending companies often denied people who had credit accounts, but no outstanding balance. They look for history, as in it appears that you can meet your commitment but didn't get into a spot and paid it off just so you wouldn't have that bill.
Originally Posted by abecedarian
Well, it is an option to build your credit rating. If they offer a sponsored credit card (visa, mastercard, discover, etc.) even better.3 things to consider:
1) if you make the minimum payment, you will pay a lot more for the tires/etc. than if you pay more than the minimum due to interest charges, etc.
2) paying it off too quickly also doesn't look good on the credit report, in the long run.
3) If they give you a 'no interest charge if paid in full by (insert date here)', that works in your favor since you'll save the interest charges... but only helps your credit if you make regular, above normal payments and have it paid off just before the date indicated. So basically you want to make payments, but not pay it off too soon, but not too late either. Catchin' my drift?
I used to work for a 'toybox' trailer dealer and our lending companies often denied people who had credit accounts, but no outstanding balance. They look for history, as in it appears that you can meet your commitment but didn't get into a spot and paid it off just so you wouldn't have that bill.
Thanks, I've learned about this stuff already. But it helps to hear about it again. Thanks abe
Registered User
and if it gets too bad... and you are in danger of losing a lot of money...
maybe Obama and the Democrats (sounds like a rock band no?... kinda like Spinal Tap?...) will give you a bail-out?
('cause they're in favor of supporting the 'little man' and not corporate greed, right?)
/me ducks and hides.
maybe Obama and the Democrats (sounds like a rock band no?... kinda like Spinal Tap?...) will give you a bail-out?
('cause they're in favor of supporting the 'little man' and not corporate greed, right?)
/me ducks and hides.
Registered User
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maybe Obama and the Democrats (sounds like a rock band no?... kinda like Spinal Tap?...) will give you a bail-out?
('cause they're in favor of supporting the 'little man' and not corporate greed, right?)
/me ducks and hides.
Originally Posted by abecedarian
and if it gets too bad... and you are in danger of losing a lot of money...maybe Obama and the Democrats (sounds like a rock band no?... kinda like Spinal Tap?...) will give you a bail-out?
('cause they're in favor of supporting the 'little man' and not corporate greed, right?)
/me ducks and hides.
lol.. now now abe, lets not open that can of worms
Registered User
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/me blushes... Originally Posted by TOYOTA 1
lol.. now now abe, lets not open that can of worms
guess if I say much more, this will be tossed into off topic / drama llama / GTFO.
