Somebody who knows about finances...

[es.biggs]

Can someone please explain to me what an open-ended unsecured line of credit means?

I checked my statement and it says I have $XXX.XX available...but I took this loan out to pay for my car. So basically what I'm asking is can I take that money back out? The money I've paid back into it?

My Z broke down, and I'm probably going to drop a new motor into it, but I need some more funds, as this was completely unexpected.

Hopefully I can take this money out...anyways, please don't make fun of me for not understanding all the financial BS lol

Thanks everyone,
Ethan

[numbnuts240]

why not call the institution who granted you the loan and ask them to explain it? you're asking car enthusiasts, not bankers. not saying people here won't know, but it makes more sense to go to the source for info.

also, you took out a loan, which you don't understand, for a 20 year old vehicle? about that.....

[93coupe]

From your signature, I see you're a man of the lord. What I would recommend is for you to forget about the bank and turn to the lord and savior. Refer to Luke 11:9 for guidance.

[numbnuts240]

From your signature, I see you're a man of the lord. What I would recommend is for you to forget about the bank and turn to the lord and savior. Refer to Luke 11:9 for guidance.

holy f***, that's actually relative. i pledge my soul to you, father. but you kinda have to get it back from the debil. i traded it for some ring dings back in high school.

[93coupe]

Funny enough, I made the devil sell me his souls for some hohos and oatmeal creampies. He has this thing for creampies and hos. I'm sure if you offer some, you can get your soul back.

[MellowZ32]

He has this thing for creampies and hos. I'm sure if you offer some, you can get your soul back.

[numbnuts240]

He has this thing for creampies and hos.

odd, i get that same craving. am i the devil?

[sx moneypit]

Funny enough, I made the devil sell me his souls for some hohos and oatmeal creampies. He has this thing for creampies and hos. I'm sure if you offer some, you can get your soul back.

[93coupe]

He has this thing for creampies and hos.

odd, i get that same craving. am i the devil?

No way, the devil has great abs.

[numbnuts240]

No way, the devil has great abs.

what you be tryna say, nukka?

[es.biggs]

Thanks guys, I was kinda looking for an answer last night when the institution was closed; but I can call them now.

Thanks for all the help

[Bubba1]

Can someone please explain to me what an open-ended unsecured line of credit means?

I checked my statement and it says I have $XXX.XX available...but I took this loan out to pay for my car. So basically what I'm asking is can I take that money back out? The money I've paid back into it?

My Z broke down, and I'm probably going to drop a new motor into it, but I need some more funds, as this was completely unexpected.

Hopefully I can take this money out...anyways, please don't make fun of me for not understanding all the financial BS lol

Thanks everyone,
Ethan

Hi Ethan. A more common term for a an "open-ended unsecured line of credit" is a credit card. Unsecured means no collateral required (as in you don't have to provide the credit issuer an asset (like a house or car) that they can take if you don't pay). Open ended means you can carry a balance owed indefinitely, but to do that, you must pay finance charges every month on whatever you don't pay off, plus penalty charges if you don't make a payment on time.

It would be unwise to charge such a large amount on a credit card unless you can pay it off quickly as credit cards tend to carry the highest interest rates (finance charges) short of loan sharks.

[HashiriyaS14]

I want to open a payday loan store.

[Eikon]

I want to open a payday loan store.

No kidding!!!!

A little seed money and some experience and knowledge of small claims court could make you a lot of money!

[Jesda]

I want to open a payday loan store.

Me too....



The moment one appears in my neighborhood, I'm packing my bags and breaking my lease.

[MinisterofDOOM]

Funny enough, I made the devil sell me his souls for some hohos and oatmeal creampies. He has this thing for creampies and hos. I'm sure if you offer some, you can get your soul back.

You got conned. The Devil's souls are not really the Devil's souls. Check the fine print. He works for me. His souls are mine. Any new souls he collects are mine. He has no power to sign any of them over to anyone. He's just been milking you for hohos because I cut him off after he tried to interfere with my plans for John Riccitiello's eventual arrival (this was back in 2003 and I was pretty sore about the whole Westwood thing). He's lucky his hoho supply is all he lost.

I want to open a payday loan store.

Those places are seriously, SERIOUSLY, crazy high risks for burglary.