gary, i am going to reply to your email in sections. i
will do so on list to benefit others who might need to
know in the future.

--- Gary Peterson <[log in to unmask]> wrote:
> Hi all!
>
> So I need help from you banking and money wizards
> out there.
> Even if you're not a finance wizard, please feel
> free to weigh in
> on this one.

i am not a wiz. but, i did major in accounting, and
business, minored in ecconomics. i can address some of
your questions.


>
> Finances are by no means one of my strengths,  so I
> would ask
> that you please use as much plain English as
> possible when
> replying.  The issue I need help with is totally
> foreign to me,
> so if there are times when it sounds as if I have
> know clue as to
> what I'm talking about, I ask your indulgence.


>
> 1.
> I'm looking for a one time only loan of $3000 for
> purposes  of
> debt consolidation.  preferably within the next two
> weeks or so.

not a very big loan. not considered a major loan.

>
>    I've been a customer of Washington Mutual Bank
> for over 10
> years.  They are telling me in order to qualify for
> even the
> small amount I'm asking for (Their words not mine)
> I need at
> least four lines of credit.  Currently I only have
> won.  My
> Washington Mutual credit card.  I was hoping because
> I've been
> with them for so long,  and have  my won and only
> credit card
> through them, and having been a member of the work
> force a little
> over five years now  would count in my favor.  but
> no such luck.
>


find you a new place to do business after you talk to
the branch manager. you are talking to the wrong
person. the branch manager has the athority to
override general policies.


>    I have my own van.  It was bought for me by the
> state of
> California because I have a job.  I now own it
> outright.  I
> thought about putting it up for collateral, but
> that's something
> I reeeeally know nothing about, so I decided to
> forget that
> option altogether.

   should not be necessary, but, no biggie since you
said you could pay 200 dollars a month. if you make
the payments the car or any other collateral is safe.
and it matters not how you own it, it only matters
that you have title to it.


 I also requested a raze on  my
> credit limit
> ($500) but no luck there either.  The person I spoke
> with said
> she couldn't tell me why I was denied, but she
> guessed it was
> because there was not enough credit in my credit
> report.  With
> only won exception I recall I always put at least
> twice the
> amount do on the card each month.
>

   her guess is not good enough, federal law requires
any bank with a national charter to give a reason for
denying credit or a raise in credit line. go to
google, put in comptroller of the currency, go to the
site and file a complaint again washington mutual. i
got the song and dance from wachovia, and after the
comptoller contacted them the vice president of the
company called and gave me an appology and complied
with the law.  do it right now.


> 2.
> There are tons  of these E-loan sites on line.  Are
> there any
> good ones out there?  Should I stay away from all of
> them?
> Please give me the good, bad, and the ugly here.

never had to use them. you should not have to. again
your branch manager might just get you handled, but,
i'd still file the complaint on the credit line
denial.
principal.  sometimes you have to hit a stubburn mule
between the eyes to get their attention. washington
mutual is being a stubburn jackass and the comptroller
is your 2x 4. go ahead and hit them.


>
> 3.
> Are there organizations out there that loan money
> specifically
> to disabled folks who are working?
>

don't know on this. no experience. no need.


> 4.
> If I were to get a loan, of $3000, do you think
> there would be a
> problem if I were to pay it back in amounts of $200
> per month?
> Would that work with the current percentage rate or
> whatever they
> call it?  (Please speak in whole numbers not
> percentages.)
>

200 a month is plenty for a 3000 dollar loan. it will
pay off qicker than the minimun amount required for
this size loan.
> 5.
> If anyone feels they could better assist me by
> knowing more
> specifics  about my total income, please email me
> off list.
>
  no need to know why you want a loan. loans are
reutine.


>
> 6.
> We have a local credit union in our area.  Is there
> any
> difference between a local credit union versus a big
> corporate
> bank like Washington Mutual? If I understand
> correctly, a credit
> union does all its business and keeps all its money
> within the
> local community?  If so, would it be worth
> approaching  them with
> my situation?  If I can clearly show I've been part
> of the local
> community here for years  and don't have any plans
> to leave,
> might I have a better chance at the $3000?

credit unions are owned by the members and are not for
profit. if you join, you are a owner. yes, if you can
join a credit union you can get better service than at
a bank. ie: you'll normally get free checking or at
least lower fees. i think it would be easier to get a
loan and at a better rate (lower interest).


 Would I
> have to move
> all my banking to the credit union before they would
> even talk
> with me?
>

why the hell would you want to stay with a bank that
pisses on you. a 10 year customer for petes sake. if
the branch manager does not help you, fire them.


> 7.
> I'm a member of my local union at work.  Someone
> told me most
> unions have their own credit union.  Is this true
> and if so would
> this be an option I should look into?
>

many unions do. join.


> If anyone knows of other possibilities for me,
> please let me
> know.  Also after reading this if there's anyone who
> feels that
> there's no way a bank or anyone else will loan me
> the money,
> please tell me that too.  It will be the last thing
> I want to
> hear, but I'd rather know now that I'm out of luck
> rather then go
> off half cocked and do something I might really
> regret later.


if the branch manager does not help you, screw the
banks and run to the credit union after you file the
complaint with the comptroller of course, you  want
them to remember who you are for a while.


> Thanks much in advance gang!!-Gary
>
you r welcome.
 your local pig headed right wing friend.

p.s. you can get a book from the government on who to
complain to about what. gives you names, addresses of
corp offices, state and federal agencies that oversees
particular types of businesses. i have not ordered one
in a few years, but, the government office is in
pueblo colorado. google u.s. government and pueblo
calorado and if i spelled it right, you should get a
web site. it is a good book to have. it used to be
free, but, it may cost a few bucks now.





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