Monday, October 26, 2009

Car loan, do they just look at score or your history as well? I have a decent score to get a loan bu

afraid I might get decline because of my delinquencies in the past. I was immature back then and let some bills gone unpaid and late. Will that affect my ability to get a good loan now because of that even if I have a good score? Thanks!



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

Nope - 5 years ago is a long time. You will be fine. I wouldnt worry about it at all.



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

Yes car loan or any other loan providers they look at you repayment ability not much at your score



but your score go up if you have a decent repayment history



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

The deliquencies are figured into your score. As long as the lates aren't recent and your score is good, you should be okay. The lender will look at your employment history and salary though.



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

It depends if the lender is beacon driven, if they are and your score is fine then no prob. If they are a company that does actually review your full report as I do then for example how I look at is how do you manage your bills according to your report vs. back then - is it on an upward trend and how old the deliquencies are. There are many factors though.



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

If you want free consumer information and advice on how to obtain a car loan with a bad credit history visit http://www.getbadcreditcarloan.info



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

Yes there are many Car Loan Financers.



I have a list of some good websites offering Loans with low Interest rate and fast approval. Its a policy voilation of yahoo if i post any link here.



Just mail me at solidoffer11@yahoo.com with subjet- Car Loan . I will send a link of best website where you can find best Loan offers,tips and resources.



best wishes



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

Auto loans are based on many things. How much are you borrowing in relation to what the vehicle is worth in N.A.D.A., how long are you borrowing the money for, how many miles are on it, how old is it, how much are you putting down, how long have you been on your job/residence, how much do you make a month, doe's your credit profile qualify you for the loan and do you budget for the payment.



If all of the above things are in line, I would not worry about your delinquencies unless they are within the last 6-months.



Car loan, do they just look at score or your history as well? I have a decent score to get a loan but?

You can get bad credit car loan as either secured or unsecured. Secured bad credit car loan comes with the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to offer your property as collateral. Your home is at risk if you fail to pay the monthly installment. But this is not permanent and holds true only if you miss or delay your repayment.



This type of risk is absent in an unsecured bad credit car loan. However, if you miss any payment, your lender can file a legal case against you. As you do not offer any collateral, you have to pay higher rate of interest.



When you compare both the types of bad credit car loans, the secured bad credit car loan is more flexible as regards the terms and conditions. The unsecured is more rigid. Hence if you are certain about making regular payments, secured option is the best.

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