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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (21554)	8/23/2007 3:17:24 PM
From: energyplay	Read Replies (2) \| Respond to of 219688

If he went from 4.88% to 7.32%, his payment would be up about 50%, to $1800. With medium lousy credit, he should not have paid more than 7.250 % interest. The guy took money out, and went deeper into debt. The first loan was for about 270 k. Assume a blended rate of about 9% for the next two, and his loans are now about 350k. It appears he took out at least 50k, and was very bad about paying bills, so he managed to trash his credit score enough to get those high interest rates. *************** Did that money pay for college, investments or somebody's medical bills ? Or did it pay for cars, air travel, and expensive clothes ?