Originally posted by sigma:
And, BTW, ain't no way you're going to get a 4-5% on a signature loan right now. Prime rate alone is 8.25%, and banks are going to charge 2-5% more on top of that. I just took out one yesterday, with a score of 780, and my rate was 11.9% -- not much lower than some of my credit cards.
I've held a credit card from my Credit Union back in the states for about 2 years now. Never really used it, but maybe it still helped showing that I was never late with payments on it.
Anyhow, the credit union here said I had excellent credit (dunno the score) and gave me a 6% used car loan (best rate they had was 5%, so not too far off). They also refinanced my signature loan at my old credit union. My old rate was ~12% with my new rate at 8% or something. I'll have to look, but I know it's less than 9%.
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