Recent comments in /f/springfieldMO

AmcillaSB t1_jaau4ly wrote

Reply to comment by WendyArmbuster in Used cars by Middle-Recording-807

That's generally not any bit true or accurate, however, it also might be a bit subjective based on your current credit score and history.

If you maintain a credit line like a car or home loan, and have an additional credit card or two, and pay them all off regularly without issue, you will likely maintain a high (800+ credit score) but if you close one of those lines of credit (like paying off a 5-year loan on a car) your credit score is going to drops, since you have less credit.

It will reach a new baseline. In most cases, that credit score change will be a reduced by 40-80 points. You'll likely still have an "excellent" credit score, but the numeric difference will be relatively significant.

If you were to take out a new, similar auto loan, and maintain your current spending habits, your credit score will return to about what it was previously, since you've opened up a new line of credit.

Closing lines of credit lowers your credit score. That's just how it works.

It's also why you never want to close a credit card account if you happen to get a card with a new issuer you like better, because ending that old line of credit (especially if it's a long-term account in good standing) will nuke your credit score, and it could take years to recover from. If you have a borderline score particularly, doing anything to lower that score 20-40 points for a few years could harm your chances of not only getting a good loan (banks are being really stingy atm) but also a good rate.

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MappingClouds t1_jaapyze wrote

Reply to VA Loan by Wyraticus

Flat Branch is who I used and they were quick and easy, both bought and refinanced with them

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SeaboltFamilyFarm t1_jaamq8u wrote

Reply to My daughter needs dental work done but doesn’t have insurance, are there any reasonable dentists out there that don’t cost an arm and a leg for dental work?? Thank you! by Christmasqueen19

Have a friend with a special needs son who needs 2 teeth pulled and will undergo anesthesia and kid you not they have him paying 12,000$ cash to do the surgery so I feel your pain! I hope you find something reasonable and they do a good job

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SubstantialGrass1158 t1_jaak5o2 wrote

Reply to VA Loan by Wyraticus

Joshua Duda with Flat Branch. We bought our house with the VA loan while we still lived in a different state and he made the entire process seamless for us

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417sadboi t1_jaagm5k wrote

Reply to insight on Springfield!! by mfjashands

Most of the school districts in and around Springfield are pretty good. SPS pays the best, but it is not the best district to work in. It's not bad, most of the others on the area are just better. I have heard some stories about Willard not being great, but I know a lot of teachers from the area and not many have bad things to say about their districts. There are a lot very close to Springfield if you do not end up in SPS. Missouri teacher retirement is pretty awesome. I think Marshfield is the closest to Springfield with a four-day week.

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AmcillaSB t1_jaa9ny8 wrote

Reply to comment by LeeOblivious in Used cars by Middle-Recording-807

Paying off loans will certainly lower your credit score, as you're no longer actively paying off lines of credit.

If you pay for everything in cash, don't use credit cards, etc, it's possible to have a low credit score or no credit history. This can greatly affect your ability to get a loan.

The entire system is such a con, and it makes me angry.

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LeeOblivious t1_jaa9hsd wrote

Reply to VA Loan by Wyraticus

Got mine through Great Southern based on a co-worker recommendation. They sold it to a third party shortly thereafter. Dealing with Great Southern was pretty easy, the other guys not so much. Get a realtor and ask them for advice. Brian Stone was great to work with and I highly recommend him.

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