Anyway, treat it like it's some shady bank luring you in with "good" loans. Read everything. Don't just take their word for it regarding how loan payments will span out. Oh and yes, please PLEASE do the math on this stuff yourself.
I agree with NutritionWhore. You need a loan to buy a bike? Why don't you just save up money like any normal person to buy one? That's how I bought mine, I saved up and paid the place I bought it from so much each week until it was paid in full.
Now, if you mean a motorcycle, or a "bike" (used in a slang term), then I can see the reason for financing. But no, "bicycle" is what it is... a bicycle.
If I were a lender, I would be happy to set up a loan just because I know you'll fall behind in payments since you need a loan for a damn bike.
Now, if you mean a motorcycle, or a "bike" (used in a slang term), then I can see the reason for financing. But no, "bicycle" is what it is... a bicycle.
If I were a lender, I would be happy to set up a loan just because I know you'll fall behind in payments since you need a loan for a damn bike.
He said bicycle. Some bikes run a few thousand, but I think its overkill for riding to work. They get stolen here, either because they're dumb and left it in the bike rack outside or a customer saw it in the stockroom and made off with it.
I've never tried to get a loan through Kroger, so I'm afraid I can't help. Have you spoken with your store's ASP to see if you can find out any details concerning the program? At the very least, if you could obtain enough information to perform a Google search and pull up information on the Kroger credit union, you might learn how others have fared.
Good luck on getting your bicycle. A bicycle that expensive is sure to catch the attention of employees/customers, though, so be very careful where you leave it and how you secure it.
Well actually.. it's not even YOUR money if you have to take a loan out for it. xD
That aside, sure, go out and loan from Kroger. I'm sure it's worked out well with plenty of people. So well, in fact, that employees try not to flaunt that financial institution around so only they will get the "benefits".
Ok now I'M intrigued. How in the world would you afford to plop 2k down on anything while working at Kroger, assuming you have other bills to pay?
Saving money. And it's been some serious saving. Been doing it for more than a decade. Those birthday money gifts do add up, y'know.
I've had a few odd jobs during summer vacation back in high school. It's my first time with Kroger though.
Besides, I no longer work for Kroger, remember? And a grant (not a loan) is helping me pay for college at the moment, so I don't have much "bills" to pay. I don't spend a lot of money for myself, but if I do, then yes, I can one-up the OP.
My point is just that, if OP really needs a loan for a bicycle no matter the cost, even though he's got other bills to pay, then perhaps he should re-examine his spending habits and apply some form of discipline and self-control.
-- Edited by NutritionWhore on Saturday 6th of September 2014 06:40:11 PM
If you are not paying for a car or insurance and you cant save up 2k..then you need a walmart special. At the lowest I was getting paid, i walked to work and could get that within a few months.
I agree with NutritionWhore. If you can't afford something, do not get a loan for it (unless it is a mortgage.) Set a budget for yourself and save. It took me three years working full time at minimum wage jobs to finally afford going to community college. I'm on my way to becoming an aerospace engineer and I'm debt free! Use the bike you have or find a much cheaper one for the time being.
Yes. You can get a loan through KEMBA credit union if you are already an active member. This would be a "signature loan." My local Kemba is offering a 5% interest rate on these unsecured loans.
However, I agree that you should try saving first. Kemba (and other banks/credit unions) also has a Christmas Club or a Vacation Club account. If you were to open a Vacation Club account, and put in $58/week it would pay out around June1st, 2015. You would have your $2000 plus a little bit of interest too. Incidently, (and excuse my math) a signature loan with the terms described above, and a 24 month payment plan would cost you about $90/month.
Good luck.
__________________
"If you choose not to decide, you still have made a choice!"
