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Nesgroup address: misc.consumers.house - Date & Time for the message: Sun, 13 Mar 2005 08:07:03 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: Taking out a car loan to reduce rates on a house?
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Text of the message: |
In article <d10rhd$fmq$1@news.Stanford.EDU>, alan <no-longer-valid@yahoo.com> wrote: > So one of my friends has a new job as a programmer and currently lives > in an apartment. There is this car that he wants which he can buy if he > waited a little. That is a good plan--wait a little, and avoid going into debt. A new job can always be an iffy time in life. You can be let for for any reason or no reason. Best not to take too much risk right now. > However, somebody told him that he should -take out a > car loan on purpose- so that it will somehow boost his credit ratings so > that when he eventually wants to buy a house, he will get lower rates > and save money in the long run. Does this tactic work, or is it just a > waste of money? If he has no credit history, it sometimes helps to do something to establish some credit. You can normally get a gas card or |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.