A mother and daughter financed a car by keeping their down payment in a high-yield savings account earning 6.5%, then securing a loan they're paying down fast enough to effectively cut the interest to 2%. The daughter's credit score is 789.
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Messages like this just keeps me going. This is from a mother-daughter team. I wanted to give you a mid-year update. I was able to help my daughter finance her car. She has the full amount cash in the bank earning high interest, got a 6.5% loan, and has set up auto payments so she's really only paying 2%. Thank you for being an encouragement to me. It has taught her how to earn more on the savings she has. Plus, my credit is almost at 700 now. Thank you. She went ahead and sent me a screenshot of the disclosure after they applied for the auto loan at Acura of Portland, and then she continued right there to share her daughter's credit score at 789. Oh my gosh, it's only gonna get better. She said, you are making a difference out in the world. Keep How could you not sleep well at night when you get messages like this? Not only that impacts the pain.