Any financial experts in here??

[yeahbuddy289]

My girlfriend is in post grad school and needs to pay for her up coming semesters tuition. It’s not a large amount of money, however it’s more than we both could comfortably afford at this time.
Just recently I took out a used car loan from an online bank, it was an unsecured loan with a very low interest rate. The whole process was very easy. They offer multiple different loans, each having a different interest rate based on the type of loan. Unfortunately they do not have a loan for education.
But my idea was to apply for a used car loan, she has great credit so I know they would offer her an unsecured loan, which means they just drop the money into your bank account and you buy the car... they do not put a lien on the title, Hell they don’t even need any proof you even bought a car which is why I’m thinking she could just take that money and pay her tuition. Is there any legal trouble you can get into doing this? I hate doing the wrong thing but, interest rates on personal loans are insane.

[diesel101]

Sounds to easy and to good to be true.

[yeahbuddy289]

Diesel I would say the same thing except I used them myself just recently to purchase a truck. They were recommended to me by a dealer. I was in the market for a king ranch super duty and those things are crazy expensive (especially with the diesel) so, the only way I could afford one was to get one with high mileage, which my bank would not give me a loan for (they suck and had higher interest rates anyways).

[HoldMyBeer]

Tell her to fill out a FAFSA and get a federally subsidized loan

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[Windex]

Buy a tripod or chest harness for your smartphone, film amateur porn with your girlfriend and sell the content on one of the popular amateur sites like ManyVids. Basic POV for $4.99 per video, anal for $6.99, roleplay for $7.99, and fetish for $9.99. Used panties for $12.99+ Shipping, 3 pairs of panties for $30, 6 pairs for $50. Set aside 1 hour in the morning and 1 hour in the evening to film. Edit on your downtime. You can edit the video with any free software of your choice.

20 minutes per pop is 3 videos per session, 6 videos per day, or 180 videos per month. With a mean video price of $7.25 if you sell each video 3 times you will generate $3, 915.00

Is that enough for her tuition?

[yeahbuddy289]

Haha!! I’ve tried convincing her to get a piece of that webcam money! But no luck lmao

[< <Samson> >]

If it's a "girlfriend" don't worry about it, she'll figure it out

Really tho - getting a unsecured loan for education could be a great idea, or a real bad one


And, no lender I have dealt with will not just let a car go without adding a lien


Private personal loan - maybe

[tarmyg]

My wife TA and got her own fellowships during both her Ph.D and PostDoc. There are many options if you look around that do not have to do with loans.

[bethdoth]

Tell her to fill out a FAFSA and get a federally subsidized loan

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This is the way to go.... let the government ie tax payers pay her interest while in school! I believe they are at 3.4% right now subsidized.

[diesel101]

Diesel I would say the same thing except I used them myself just recently to purchase a truck. They were recommended to me by a dealer. I was in the market for a king ranch super duty and those things are crazy expensive (especially with the diesel) so, the only way I could afford one was to get one with high mileage, which my bank would not give me a loan for (they suck and had higher interest rates anyways).

If it works go with it.
I haven't read the fine print but with the amount that I owe the bank I think both my kidneys and my first born child are theirs for collateral.

[Oliver47]

If you really need to go the borrowing route then you need to be comparing the overall cost of a finance deal versus a bank loan. Depending on your credit status, a loan from a bank will normally be cheaper. Also you can check some information here theguaranteedloans.com/personal-loans-for-unemployed/ . Hope it helps

[ghettoboyd]

do you have a 401k you could borrow from?...i do it occasionally because it doesn't hurt you cus you pay yourself back with interest so win win...

[Test Monsterone]

Ghettoboy you have 8,888 posts... on an old ass thread!

jk man

[ghettoboyd]

Ghettoboy you have 8,888 posts... on an old ass thread!

jk man

Well I am old so didn’t notice how old the thread was oops...

[Test Monsterone]

Well I am old so didn’t notice how old the thread was oops...

Well I feel old, and that's an impressive post count. I'm catching up though.

[ghettoboyd]

Lol nice, I need to post more going to start a log soon...

[Frank777]

I know what loans are from my own experience. I still have my student loan. Also, I faced some financial issues due to the shutdown and had to get one more loan. Usually, people worry whether they can afford to pay a debt off or not. Here my advice is to use a loan payments calculator. It helps to find out a monthly payment. I personally found it useful.

[Honkey_Kong]

I know what loans are from my own experience. I still have my student loan. Also, I faced some financial issues due to the shutdown and had to get one more loan. Usually, people worry whether they can afford to pay a debt off or not. Here my advice is to use a loan payments calculator. It helps to find out a monthly payment. I personally found it useful.

This thread is two years old. Hopefully, the OP's girlfriend is finishing grad school right now.

[yeahbuddy289]

Lmao! Yes she is all done thank god!

[Frank777]

Oops, I didn't notice that the thread is old Good for your girlfriend! My congratulations!

[kusum]

If you really have to choose the borrowing route then you should compare the overall cost of a finance deal vs any bank loan. The bank loan will be cheaper definitely. If you ask me about my personal experience then I have a good experience with the payday loans near me in California. Have a look at the services and hope it helps.