Getting loans.. (WAY off topic)

[Stegbauer, Michael]

Todd,

I'm assuming the bank runs a credit report and can see that you are 
getting a large number of small loans in a short amount of time.
Even if they didn't notice that this looks alot like check kiting
(not exactly the same thing), it would be really suspicious and
they'd be pretty foolish to give a loan like that.

I did get the impression from you original message that you were
asking for more money with each loan, so maybe I've misunderstood 
something there.   They might do it for a loan equal to the amount
of cash but at some point you'd be asking for more money, right?
(I don't remember the details of stage 2).  Sooner or later I bet
they'll start denying you on the number of credit inquiries alone.

Good luck though!  The cause is just.    ;-)


Anyway,  have you tried heavier oil for your lifters?  Whenever
I showed up for an event, all the other DSMers would come over 
and tell me that I had the worst lifter tick they'd ever heard.
Mobil 1 made it worse, but then I switched to the Valvoline
Syntec(?) (full Synthetic) 5W-30 and the noise went away.
I had to get it at PepBoys to start, but Walmart sells it now.
I switch to the lighter stuff for winter and had a little
tick occasionally at startup, but nothing to even think about.

The lifters usually aren't a major problem anyway, though some
people think they can trigger the knock sensor.  It sounds like
your compression is way low.   The archives (search.dsm.org)
suggest that most turbos read around 150.


Cheers,
Mike
92 AWD Laser




-----Original Message-----
From: Todd....!! [mailto:atc347 at c-com.net]
Sent: Friday, May 28, 1999 11:14 AM
To: diy_efi at efi332.eng.ohio-state.edu
Subject: Re: Getting loans.. (WAY off topic)


Hello Michael,

Stupid meaning what?

Do you believe that a bank giving a 'loan' to someone who puts the exact
same amount as the loan in a savings account at that bank for collateral
as bing STUPID?

They have NO risk whatsoever on that loan, plus they get the interest
from the loan when all is said and done...

That' sounds like a no risk type of loan to me as far as the bank's
concerned....

I may not have conveyed the theory well....

ANY bank will give a loan for cash as long as you give them that same
amount of cash in an account....

I'll let ya know how it goes....

The banker may ask why you would even want a loan if you already have
the money, all ya have to tell em is that you have a hard time saving
money, and that if it were in the form of a loan that you would have
more of a reason to save the money, or somethin like that...

Simple...

Easy...

Works...

Purpose is to build repore and confidence with the lender...

LATER!

Todd....

-----------

Stegbauer, Michael wrote:
> 
> > Will be goin out and gettin loans using this $3,000 as my collateral in
> > several banks in series, i.e. deposit the $3000 in one bank, get a loan
> > using it as collateral, take the loan money from the first bank, deposit
> > it into another bank, get a loan on that money etc....
> >
> > Then mak 2 or 3 payments on each 'loan' over a 6 week period using the
> > $3,000 'loan' money for payment money, then go back within about 6 weeks
> > or so and pay all of em off, then ask for a signature loan from each
> > bank for about the same amount...(signature meaning NO COLLATERAL!) and
> > do the same thing with that signature loan money... This will build
> > credit with the bank(s) as well as a relationship with em...
> 
> Wow!   I'm looking into buying some land.  If the loan officers in
> Houston are this stupid, maybe I should get a loan there.