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Loan or grow?
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<blockquote data-quote="Nesikep" data-source="post: 1488064" data-attributes="member: 9096"><p>years ago I bought a car, but since it was older, no one would give me a payment plan on it.. I had a good job at the time so I just got a line of credit from my bank for $20k.. Paid it off in a year, then bought my truck on it... Interest may be a little higher than a loan, but there's no set repayment time, and you can just "shuffle" money around to make a payment if you need to.. and meanwhile you're also building up credit rating.. I had to provide proof of income (paychecks), but didn't need to put up collateral.</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1488064, member: 9096"] years ago I bought a car, but since it was older, no one would give me a payment plan on it.. I had a good job at the time so I just got a line of credit from my bank for $20k.. Paid it off in a year, then bought my truck on it... Interest may be a little higher than a loan, but there's no set repayment time, and you can just "shuffle" money around to make a payment if you need to.. and meanwhile you're also building up credit rating.. I had to provide proof of income (paychecks), but didn't need to put up collateral. [/QUOTE]
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