 What is the best way to build up my credit? |
| I'm 20 and of course I pay my phone bill and rent as well as electric and other utilities. But these obviously aren't helping my credit enough to even be able to consider buying a home. I ... |
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| I have once applied to several different companies in a short period of time but I do not do that consistantly. I have heard though that it CAN affect it because of this reason. What do you think? I ... |
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 Why don't the Banks just print more money to cover the "Credit Crunch? |
Oh, they already did that, Ok then, why dont we just photocopy Banknotes to pay off our Credit Card bills, surely that would help, all pull together, kind of thing?
Additional Details
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 Can i get a loan? |
| My credit score is 546 (very poor) but i have a great opportunity to buy a very profitable business with an investor who will put down half of the money. Is it possible, with a co-signer, for the ... |
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i purchased a new motor bike on higher purchase, i gave them a couple of wrong details while submiting the application cause i was pissed.
nothing major just that i told them that i worked at my ... |
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 Bad credit auto loans? |
| Recently my husband and I decided to trade in our car and buy new one. With the what we're losing on the trade in, we need to borrow around $42,000. The problem is we have the income for it ... |
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| Please help settle a dispute between my wife and I. We are working on getting on a strict budget to pay off our debt. We have some bills that are current and we are making our payments on and we ... |
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| help cityline financial company promised me a loan for 16,000$ all i had to do is send 4,200$ in insurance. to find out they are in canada not in usa. i sent personal money gram to canada, thought it ... |
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| I cannot afford my car anymore and I want my back to take it back without my credit being ... |
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I want to know my credit score, but I don't want to pay for it or give my credit card number to some company for a free trial.
Additional Details
I SAID IS THERE A COMPANY THAT DOESN... |
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| We are drowning in credit card debt...why can't we use a portion of my husbands 401K?? |
| My husband and I have racked up $12000 in credit card debt. He has $48,000 in his 401K. We're young...and the interest is only climbing on our credit card debts. I feel like we're ... |
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niwi | Am I in position to get new car without going overboard? |
I owe 2975 on mazda 2002. in bad cosmetic condition, first car, no late payment, no repo, credit score 561. monthly income 1911.00, I want a new car, looking but scared to make wrong decision. should get new car or used to pay off quicker. Is 561 borderline bad credit or bad? |
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SPIFIMAN1
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Auto finance is what I do for a living and your score is sub-prime no doubt, but you should be able to get approved.
Find a large dealer that advertises Special Finance and go talk to the Manager, they will be able to help you. |
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robert w
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do u want real answer or one that feels good?
u have a credit issue , income issue, car issue.
car issue - keep it till can pay it off . poor people have car loans do u want that?
save money to increase the purchase of ur next 'cash' car.
credit issue - visit dave ramsey .com to learn ur hard lesons from others bigge mistakes. it is cheaper faster easier less painfull.
income issue - read '48 days to work u love' d.miller to increase income long term.
get 2 more pt/tm jobs to save up money for new cash car. |
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gr
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561 is bad, but banks will still finance you.
try putting up a couple of thousand down to get a half way decent rate. |
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Bobby T
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In today's market, 561 is bad. Not horrible, but bad. Try to get a used car. |
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♥♥♥NewMommy♥♥♥
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561 is bad credit.
I recommend paying off all your credit cards, or at least the majority with the huge balances, and not Opening any more in the near future.
Then payoff the car and then get a new one.
Don't fall so far behind that you can't catch up! |
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arlene
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561 credit score is low, they will trade but look out for interest rate it will be sky hi
you need to pay bills first this will help when you are ready to buy. go w/fixed rate only, variable rate will go up. don't believe anything sales tell you, or the co. who is doing the financing. besides all this you might want to keep car after you find out how much it will cost you |
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lepr0kan
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Keep your car for a little longer, you already probably owe more than it's worth and the interest rate you'd have to pay with a 561 credit score would be incredibly high (anything below 620 is consider bad now). Wait, save up a little, build your credit and buy a new car with a nice downpayment in a year or so. |
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Chuck
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keep your present car as long as it is in working condition. keep credit payments up to date - don't be late. then relax, wait a year or so, then buy a better used car. a new car is a huge problem as well as a huge financial outlay. a good used car can be a bargain if you are patient. but if you have no patience, then no advice is going to help you. good luck! |
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spoiledbrat788
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561 is considered very bad credit. First you should pay off the one you owe. If you take on a car note your rates will be far higher IF you are approved for one. You need to clean up your credit as well. That score tells me that you have some negative things on your report because even a person with no credit has a much higher score. |
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VegMich
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561 is not good credit at all. 680 is good credit and anything in the 700-800's is excellent.
How much of a car payment are you looking at getting?
Put the extra money that you would pay for a new car in a savings account every month for 6 months. If you can do that without struggling then it is time to buy a new car. Take the money that you have saved for the last 6 months and put it down on a car.
**This is all assuming that you already save 30% of your pay each month and can continue to do so after baying a new car. |
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Shasta W
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if you have a personal banker that you trust...you should deffinitely ask them what they think. As a person that has bought 2 new cars in the last year and a half. It sucks! I have a 713 credit score and it was very hard for me to get approved for a new loan, however if you have a good down payment that could work in your favor and you could also go to a dealership and see how much they would give you for your car. A lot of dealerships will just pay it off and maybe even give you alittle extra towards another car. |
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Pagan
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its not bad |
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heybulldog
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Special financing just means you are gonna get raped in interest charges.
Pay it off then save the payments you where making until you have enough to buy a good used car. Or take it in an have some bodywork done on it and a new paint job.
It will get better gas mileage if it isn't dragging a payment book behind it.
You'll never get ahead if you're always making car payments.
No payments = cash in the bank. |
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