Financial Advice?

http://www.prosper.com/

BTW, I've never taken a loan but I heard they really do suck. I haven't did the research either but I hear you pay back alot more than what you took.

That probably depends on a lot of factors, such as how good your credit is, how long you're paying back the loan, and what type of loan it is.

Small loans are a GREAT idea for building credit. Future employers CAN look at your credit history to determine how responsible you are.

Small loans are a GREAT idea for building credit. Future employers CAN look at your credit history to determine how responsible you are.

See, now. That's how I was looking at it. It's not that I'm necessairily irresponsible with my money, it's just that it would be easier to pay it off and build some credit, in addition to getting what I want with this loan.

My advice is that whatever you're getting the loan for has to be strictly need based, and not a want. This way, you get what you need right away, but then you should have the money to sustain the interest and pay off the loan as soon as possible. If you just want cash to spend on random items you want, I'd suggest not doing it.

I know a guy that used to get paid like 25$ every 2 days and he'd exchange 2$ bills of his check into quarters and he'd leave those quarters at home so he won't spend them. Now he has around $60,000 in quarters.

That's 240,000 quarters. If he saves eight quarters 2.5 times a week, that's 12000 weeks he's been saving up quarters. That comes out to 229.984 years. Sounds like a long time to save up quarters.

See, now. That's how I was looking at it. It's not that I'm necessairily irresponsible with my money, it's just that it would be easier to pay it off and build some credit, in addition to getting what I want with this loan.

If you want to save money just save it and stop upgrading your car and stuff. You know you don't need most of that that you're wanting to do to it. Also, whenever possible avoid high interest credit cards and don't buy EVERYTHING on credit. Over extending yourself is a bad thing to do. Live within your means.

It was either $60,000 or 5-10 thousand dollars. Anyway...How many quarters there was WASN"T the moral of the story.

How the hell can you confuse powers of ten? I still doubt it was more than a few hundred.