 I have no credit! How do I get good credit fast? |
| Can you tell me what I should do step by step in order to have good credit fast? I have no credit right now and i wish to have good credit in about 1 year.... |
|
 I want to get a credit card...? |
| I've never had one before, I do not pay for anything (car insurance, house payments, etc.) I have NO credit history what so ever. Which card will accept me and have either low annual fee's ... |
|
 What do I do? |
| I bought some dvds on eBay and they were fake! So I contacted the seller and he told me to send them back and he would give me my money back, but he didn't! Didn't pay through paypal... W... |
|
 Is it OK to pay a settlement amount on credit card debt? |
| I am paying off my cards which are over 5 yrs old, and they're giving me settlement amnts to pay them off. Most of the balance is late fees, my credit is slowly going up. Am I going to have ... |
|
 Do credit card companies feel guilty about 20% interest? Should they? |
On the one hand, adults have to make good decisions for themselves and the credit card company isn't responsible for their customers' spending habits.
On the other hand, credit ... |
|
 Is it normal to give your credit card number over the phone? |
| and what can they do if they have your credit card number. I bought something on ebay but then wen it usually asks for you credit card number it said that i must phone this certain no. my mother ... |
|
 Is it true that the worse your credit...? |
The less you have to worry about identity theft?
Additional Details
It's unfortunate that some people on Yahoo Answers will just assume that a questioner is dumb...I am asking the ... |
|
 What happens to credit records after 7 years. People always say it takes 7 years; for WHAT? |
| I know hear people and always say it says on your credit for seven years. Does the debt have to have a zero balance before it is removed after seven years. If there still is a balance after seven ... |
|
 Will Target Give me Another Chance? |
| I had a Target card charged off 7 years ago. It dropped from my report this month. If I try for a card in like 4 months would I have a chance? Or would they automatically deny me? My credit score is ... |
|
 Is it true if you file for bankrutcy once in your life for credit card debt that u stil can get another card? |
| Like if ur in debt for £6,000 for six years & not replied to the collectors, angencies etc & you file for bankruptcy that you still can take another card & start afresh because its your ... |
|
| How much do atms charge? |
| How much do atms charge when its not an atm from the bank you use?... |
|
 My credit is only 596, is there a credit card that I can get where you don't have to pay like $200 for it? |
| I want one to improve my credit and they all say i have to pay for one. Is there one that I don't have to pay anything for? Please let me know. I would greatly appreciate it ... |
|
 How can I get out of my auto loan? |
| I have a 2002 Explorer with 112k miles on it and still owe $12k due to my 18% int rate. Is there a such thing as a voluntary repo where I can just give it back? How bad is a repo on your credit ... |
|
 My mother in-law tends to check our account and look up our SSN to check on things all the time, Help, Please.? |
| My husband's mother is crazy!!! She is always in our finances... Accounts, Savings bonds and Stocks, I want her to stop how do I ask nicely?... |
|
 When you use a debit card online...? |
| And you buy something online, would your parents know what you bought? Or would it just say that you spent this much on the card?... |
|
|  |
MOODYxBIOTCH | Can I buy a new car with my credit??? |
I'm turning 22, and my credit history is a little over 2 years...
I have like 4 credit cards...and macy, victoria secret, best buy, banana republic credit cards...so you can say i have around 8 credit cards.....my higest credit limit is around $2,000, so it's not that much....I only used my credit for my t-mobile account and thats it....
I never purchased a vehicle before.....
I'm planning to buy a brand new car...around $35,000-$40,000...
downpay around $6,000-$10,000....
would there be a problem when I try to get a car loan???
I want my monthly payment to be not more then $600+
Additional Details
My credit score is around 670-690 |
 |
 
Bigg Dee
|
If your HC (high credit ) score is 2,000 you should be able to get a 10k car. If you add 10,000 as a down payment you should be able to get a 35-40k car. Any Bank should do it with $10k down, See if you have little, bad, or no credit you are a high risk customer. If you are trying to finance a car that's worth 40k and you're financing 40k and you are a high risk the bank will not approve you. But if you are financing 30k on a 40k vehicle the bank is in a position where they would probably make money with the equity( value over the amount financed) if they had to repo your vehicle so I'd say you should be good to go. You may want to get together your last check stub, proof of residency ( a phone bill , utility, etc,) and 5 complete references. Expect for your payment to go over the amount a little. You will have a higher interest rate for you first vehicle. But don't worry if you can handle the payment for a year you should be able to refinance and get a better intrest rate and lower payment. |
|
pugetsound1973
|
It will depend on what kind of job you have now, how long you have worked there and how much you make from the job, how many other bills you have such as rent ect.....
But if you pay 6 - 10 K as a down payment you should have no problems.
I got a loan for 32K when I was 23 and I only paid $2000 down and made $10 a hour.
To get payment of $600 or less you will need to get a loan of about 28K or less at curent intrest rates.
I would recomend before going car shoping go to your bank and get a pre aproved loan then you will Know how much you can get and the rates can be better than what the dealer will give you. |
|
oldmom
 |
Check out your credit score. Then join a credit union and put some money in your share account. Then ask for a loan for the car amount. Most credit unions are cheaper than banks, and much cheaper than the dealership's loan companies. |
|
DebtFree
|
buying new cars is a bad place to put money... they lose value fast (like $100 a week) or 60% of value in 4 years..... unless you want to be b.r.o.k.e, i'd rethink this move.
check the link below. |
|
vixxen
 |
It is not impossible for you to get approved with all that money down. But,if you have $6,000 to $10,000, it is a total waste of money to get a $35000+ car. At any point in time that you lose your job or your income, then you are stuck with those payments. Did you factor insurance?When you cant make those payments, then your credit goes way down! Downgrade your car!Listen to Camry, he is on point. There are better things to do with that cash then get a flashy car.... |
|
familyof404
|
they will also look at your employment and monthly income. with a down payment like that and your fico score you should have no problem. you will need full coverage auto insurance.
the more places that look at your credit report your fico score drops one point for each place that checks your crdit report |
|
leadfoot_willie
 |
You'll be fine. Try the Ford Motor Co.'s red carpet lease. It's a good way to build "car credit" and they're pretty lax about credit history. |
|
Expert Realtor
|
Unless you have an income of over $100,000 per year, it would be an extremely unwise to get a car that expensive with a payment that high. |
|
camrylev6
|
Getting a car loan is based entirely on your FICO credit score. To get a good loan, you need to have good credit. If you don't have good credit, then expect to pay through the nose.
If you have between 6-10K saved up, I would be asking myself a few things:
- Do I have any credit cards to pay off with this money first?
- Have I maxed out my 401(K) and IRA contributions for the year?
Finally - Check out Suze Orman's "Money for the Young, The Fabulous and the Broke" - buying a house is a MUCH better idea than getting a car.... stick with a Honda Accord and pocket the rest! |
|
Joe L
|
You probably need a cosigner. I have not made any major debt purchases either and I had to have a cosigner to rent an apartment. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 37 minutes(s) ago
| | | |
11 | 42 minutes(s) ago
| | | |
7 | 2 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
10 | 1 week(s) ago
| | | |
11 | 2 month(s) ago
| | | |
8 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
