Forum Discussion
Ridiculous Down Payment
I am completely appalled at what happened today. I had finally decided to ditch ATT due to slow LTE speeds in my area and jump over to T-Mobile and went to do so today. I'm going from an LG G4 ...
Doesn't matter if you have negatives or not. You have history and that affects decisions. Even if you left early YOU still paid on time, and fulfilled you end of the deal. I used to be an underwriter.
Personally I'd give a better deal to a person who has a history with Citibank(where I used to work) and a 650 Credit score than the guy walking in getting the same loan amount with no history with us. That can be the difference of up to 7% interest rate.
When you purchased that car and put less than $700 down chances are you are paying 3-7% more interest which comes out more than if you put a down payment larger than $1,000.
