High Risk Credit+ Cosigner

Wednesday, May 26, 2010

When buying a new car with loan, my credit?

I am a graduating student so I don't have any credit score yet. But is it possible to buy a new car with loan?

And I have my own car which has been paid off in full, which I bought 4 years ago with loan but anyhow it's paid off.

When buying a new car with loan, my credit?

You paid of a car?

Trust me, you have a credit score.

you'll have no problem getting a loan.

When buying a new car with loan, my credit?

So you have no credit score, but have your own car that you took out a loan on and it's paid off. Are you sure you graduated?

When buying a new car with loan, my credit?

Yes it is possible to buy a new car without a credit history. I would put down the past loan you had as a reference if you made all the payments in a timely fashion. Good luck! By the way, look around for the best auto loan rate too!

When buying a new car with loan, my credit?

If you have a job and a decent trade in you can probably get a loan from the dealer.

When buying a new car with loan, my credit?

If you got a loan for you current car, that loan reported to the credit bureaus, which means you have credit, and by having credit, you have a credit score. If someone co-signed, that means the loan appears on their credit also.

Here are the factors you're going to run into when applying for the new car. 1) was the amount of the car loan near the amount you want to borrow for the new car, 2) what is your income, 3) how long have you been on the job, 4) what's your credit score.

The things banks look at are the ability to pay back the loan (income vs. debt), the stability of the person applying (length at residence/job), the collateral (is the car worth what you want to borrow) and previous credit (have you paid other people as agreed).

If you had a previous loan for (say) $8,000 and want to buy a $30,000 car becuase you just graduated and have a job. You won't be approved at a good rate...regardless of you credit score.

Here's my advice (from a guy within the dealership world). Unless it's falling apart, drive the car you have until you have at least 6 mos. at your new job. While you are waiting, save a couple hundred bucks each month (or whatever you can afford) toward the down payment. When you have established 'stability', go shopping for a new car. Get a copy of your credit report, and pay the additional $ for the score. This will tell you what to expect. Over 700 is perfect, 650+ is great, 600+ is so-so, under 600...keep building credit.

Then decide on the car and go to the dealer with your downpayment. By having a good amount of money to put down, it lets the bank know you are serious and could result in better financing APR than if you had nothing to put down.

Don't rush into it. Just because you're graduating and getting a job doesn't mean you immediately have to go into debt.

Good luck.

If I refinance my car loan will my credit score go up?

Seems to me it should cause ur paying off one loan and opening another

If I refinance my car loan will my credit score go up?

It would equal out. Paying off a loan is good, but it will reflect another account being opened. I don't think it will effect your credit score all that much one way or another.

I've had good luck here...

http://auto.deal4-you.com

All the best to you.

If I refinance my car loan will my credit score go up?

If you pay on time and keep up,,yes your credit score will go up in time,,

If I refinance my car loan will my credit score go up?

I believe it will.

If I refinance my car loan will my credit score go up?

If you refinance the car loan, you STILL owe the same amount. If your FICO score changes at all, it will go DOWN temporarily as a result of a new inquiry on you credit.

If I refinance my car loan will my credit score go up?

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,

http://best-loans.awardspace.com/guarant...

You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence--%26gt;you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender

If I refinance my car loan will my credit score go up?

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Refund of deposit for car loan?

recently, i had sign for a agreement on purchaing a mitisubi lancer and the dealer A(is a fren's fren) actually try 2 different bank to approve for my loan. Just after signning the agreement get to found out from dealer B that the charges that dealer A charge is higher.. Am i able to get the refund from dealer A as he's actually not honest. Dealer A is authorise dealer and dealer B is from the mitisubi co.

Refund of deposit for car loan?

Nope. Once you sign that paperwork to take the care it is yours. There are no buybakcs, refunds, exchanges, nothing. So just deal with it and be happy with the deal you got. Sorry but it is true.

Refund of deposit for car loan?

you can get the money back if you did't sign anyhing that stated that you were bound to loose the monies but if you did sign the dealer can keep the money

Refund of deposit for car loan?

If you've signed the contract, then the only way you'll get your deposit back is if they can't get you approved for financing or they committed fraud. Sounds like neither so you're kinda screwed.

You could plead with them that you need to back out because a family member's sick or something (even if it's a lie). But don't tell them you want to back out because you found a better deal elsewhere.....

Refund of deposit for car loan?

once that paperwork is signed..its yours..theres no refunds.

why'd you buy a lancer. therecrap! ive had one!

Refund of deposit for car loan?

A purchase agreement may just be the initial %26quot;buyers order%26quot;. That is all refundable until you sign the finance agreement or take delivery of the car.

I must stress though that there doesn't sound like enough for you to go cancel. Remember, you left a deposit and they worked hard on getting you approved. If you pull the deal from them, you made them work for nothing.

I'm sure you don't work for nothing, Right?

Refund of deposit for car loan?

Deposit.

Refund of deposit for car loan?

If you signed your father name at the advice of the dealer then you both have committed a crime. His i feel a little more serious as he should know better. You as well but you may have some pull to get the deal nullified - signing on someone behalf is not the same as what you did. Clearly disception.

Refund of deposit for car loan?

See a Lawyer, QUICK. There looks to be a lot of legal issues here, and depending on the state you live in, there might be a %26quot;Buyer's Remorse%26quot; law.

Refund of deposit for car loan?

Hey brother, you are hilariolus!

Obviously you are in the car business. Anti -ray glass. Too cool.

Go ahead, give me the best answer and lets get to the next fruitcake out there on the lot.

Where can I get an car (motorcycle) loan on Presidents Day?

I had planned on getting a motorcycle loan from the bank on Monday, but I am pretty sure that they are going to be closed. So where can I get a car (motorcycle) loan on Presidents Day?

Where can I get an car (motorcycle) loan on Presidents Day?

Everybody who takes your money for free is closed on holidays. They already get enough money. The others have sales. Lucky you got the day off, like a bank worker. The rest of us working stiffs don't. Who's a moron?

I've had good luck here...

http://auto.deal4-you.com

Hope that helps.

Where can I get an car (motorcycle) loan on Presidents Day?

You will still be able to get a loan at the dealership you are purchasing the vehicle at. If you have done your home work and know what a good rate is for some one with your credit rating, it is far easier to just do all the paperwork at the dealership if they can match or beat the rate. This can also give you greater negotiating leverage on price as dealerships make money off of the financing of vehicles.

Where can I get an car (motorcycle) loan on Presidents Day?

nothing will be processed on Monday

Where can I get an car (motorcycle) loan on Presidents Day?

Under your condition,I advise here for you to have a visit.http://carloan.featured-resources.info/c...

Where can I get an car (motorcycle) loan on Presidents Day?

Hello Everybody,

My name is Cynthia Trust, i live in U.K. just a few month ago i was in search for a loan of 閳?7,000 Pounds as my family was running out of money for feeding and my education. i was scammed about 閳?520 Pounds and i decided not to involve my self in such business, finally colleague of my introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of 閳?9,000 Pounds by this great firm Luckson Loan Inc. managed by Mr, Jerry Luckson.

If you are in need of a ganuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds i will advice you to, contact him vai email jerryluckson41@yahoo.com and free from scams in the net.

Can I refinace an car loan ?

I have made 19 payments on my 60 month loan

Can I refinace an car loan ?

Yes you can.

You'll want to check these guys out....99% approval they say.

http://www.123thebest.info/go.php?link=a...

Hope that helps.

Can I refinace an car loan ?

If you think that you are paying a higher repayment amount for your existing car loan%26lt;!--then you can bring it down. With the help of refinance car loans, you can switch the loan plan with effective loan management.

http://best-loans.awardspace.com/refinan...

If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce--%26gt;your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.

Can I refinace an car loan ?

credit unions have the best rates for refinancing, find you local credit union here: http://www.creditunion.coop/cu_locator/i...

Can I refinace an car loan ?

very intereting question.Suggest you have a look here for useful tips.http://carloan.featured-resources.info/b...

Can i get a car loan with.....?

as of today my credit score is about 500 (very, very poor i know) i am now in the postion to pay my debt off (about 7,500)

will paying off my debt totally within the next 4 months raise my credit score do i have to wait the 6 months before my score reaches 600 plus....or will it be increased once paid off

im looking to get a car laon by january 2008

with about 3k down...

Can i get a car loan with.....?

Your plan is outstanding and very realistic. I wish all my customers would consider this kind of big ticket item with such forethought. Bad thing do happen to good people, but you are the kind of borrower I think could change this %26quot;bad credit%26quot; %26quot;bad risk%26quot; mentality.

What will happen once you pay the debt off is that the next billing cycle that each individual company reports to the bureaus will now show the debt paid off. You will see an improvement within 60 days of that. The below credit bureaus will allow 1 free credit report annually, highly recommend you check (if you haven't already) to see what else might need revised. The companies will stop updated and these accounts now showing will have less and less of a impact as time goes on.Then work on getting your car, and shop around.

Hope this helps and good luck!

Can i get a car loan with.....?

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Can i get a car loan with.....?

You can get a car loan with any credit score. It all depends on how much you have to put down. My wife and I got a car loan together and my credit score was 510 and hers is 541. We got a loan through Chase bank with a down payment of $750, but we had an awesome loan officer through the dealer. The only drawback of bad credit is that the interest rate is going to be high, at least 20% or more depending on the state you live in, but most banks will finance with a down payment of $3000 regardless of credit. Also, if this is your first car loan, don't expect to walk into a dealer and get the car you want. I am not saying that it is impossible to get the car you want because we did. Here's some advice, make a list of the cars you want, preferably pre-owned. Shop at the dealers that have the cars you like. Don't stop at one, shop around at a lot of places. See which one gets you the best deal. Whatever you do, DO NOT let them run your credit unless you are ready to buy. Instead, give them your credit score and have them see what the finance manager says you can afford. Many dealers say they can get you the financing, but then after they run your credit their story changes and they try to force you buy a car you hate. Shop around and do not let them push you into the sale. If they start getting pushy, you have the power to walk out, at that point they start throwing empty promises at you. My point is that they do not care about you, they care about their wallets and making more money for them. The biggest scam that dealers try to pull is getting you in for an advertised deal, then denying you for the insanely low deal and trying to sell you a car that is more expensive. My wife and I found a 05 2 door cavalier we liked at a very good price. It was $4995 sign and drive. They tried to sell it to us for $6500 saying the bank charges fees for first time buyers, blah blah blah. They denied us for the car but could approve us for a 2001 Nissan Sentra with almost twice the mileage and twice the price at $10,995. We walked out and bought a car we wanted at a price we wanted elsewhere after months of research. Do your homework and make your payments on time or early. After 18 months you can refinance and get a lower interest rate. After 24 months, you can trade it in and get a car you want, most likely brand new and have a much much higher credit score.

Can i get a car loan with.....?

I'm curious. Do you think you'll get an answer you like better by reposting the same question every hour or so?

Your credit sucks. Cleaning up your debt is a step in the right direction. You are still going to have to have a minimum of 6 months on time payment history.

Figure out how to get more money and pay off all the debt faster.

How do I get a car loan when I have really bad credit?

My credit has always been poor and I can't seem to get ahead enough to fix it. However I finally got a good sales position that requires a lot of driving and I need a reliable car. If I can do well in this position I can easily afford a car but no one will give me the time of day!!