 When can i refinance my car loan ?? |
i bought a car on June 5th this year ( 200-7-) Now i pay around 425 dollars for it every month , and as per insurance around 198 .
i make around 750 dollars a month .
i am doing ... |
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 Have moved to spain but have just been informed of a debt we left behind? |
whats the best way of paying this debt off could we pay in euros through our now local bank in spain
Additional Details
would like to leave it but they have been pestering my mother ... |
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| i got a cell phone in my cousins name (with her permission, of course) and now we're trying to switch the contract over to my name. i don't know if i want to continue with this company, and ... |
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 Is one credit card enough? |
| I have two credit cards, my first card had a limit of $1000 which I got while in college. Today after five years they have raised the limit to exactly $10000. The second, American Express Gold, which ... |
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 What happenes if you dont pay your credit card bills? |
does it just go to a credit place or do they take you to court or jail? my bill is 4 thousand dollars?
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I am on maternity leave, my baby is very colicky so i cant work ... |
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I have been advised to offer a minimal repayment to a debt collection agency, however i cannot find any sample letters that reflect this.
All i wish to do is briefly explain my circumstances, ... |
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| My credit score has gone down since last year (I was at about a 750) and I have only been late on making a credit card payment once. ( I am down to about a 630) What are some things I can do to get ... |
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| I have contacted both of them asking for a pay for deletion letters, and they both refused. The total of both is only 145.00. If I choose to not pay them until the 7 years is up, how will it reflect ... |
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 How hard is it to get a mortgage now? What kind of credit score do you need? |
| I've heard that due to all of the foreclosures mortgage companies are getting tougher.... |
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| when I go to buy online I give the shipping address and he would the billing address is this mean the address of my bank???... |
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 School loans? |
| anyone know how to get low interest rate student loans?... |
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| I am looking for a online job that i can get paid in cash. I have heard about those prepaid credit cards and that mold also be helpfull information. Do you know of any good website's that have ... |
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| but their landlord doesn't know, is that classed as fraud. I think my neighbour is running a scam, they rented the property in someone elses name, but they get benefits to make the payments, ... |
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eliteseal_2004 | How good of a credit score do you have to have for a 20,000 auto loan from a dealership for a 1st time buyer? |
i no it depends on income and residence and stuff but i believe i make enough and been at my job for over a year now. i make about 1,600 on a bad month.. i just paid off my credit cards (by the way i have 2 major and 2 retail store cards) and my FICO score went up from 650 to 701 within a month of paying off debt.. ONLY PROBLEM is that im 19 yrs old so im going to be a first time buyer.. is it possible to get the auto loan with DESCENT interest rate.. im hoping for no more than 12% ALSO i will be putting 2,000$ down.. please help by answering and be as specific as possible on what i may have to do or how anything will effect me..
Additional Details
i understand 12% may be a lot but researching around the internet and how the economy is at the moment i heard they are getting VERY strick.. and i also heard since im a first time buyer i cant expect a VERY low apr below idonno mabye like 5 or 6 %.. i understand it is a little above 20% income but like i said i make 1600 on a bad month.. my average is roughly around 1900 a month... and i already have a 2001 car that was payed off so at the moment i have a VERY RELIABLE CAR but hey I think its time for me to be more responsible and stop relying on my parents.. as of now i pay for everything for myself.. and also i live at home.. i jsut want to treat myself with the car i always wanted (350z) and I EILL BE GETTING A USED CAR |
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Shirley H
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eliteseal_2004, Try getting a free online auto loan quote. http://www.americaschoicetoday.com/Auto-Loans.html The automated form will let you know if you can be approved. It will only take a few minutes. |
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Thomas
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Many companies are looking at a credit score of 710 or better for a auto loan. I think you will find someone willing to lean on a 701 though you may not get the best interest rate.
I am more concerned about the numbers and how they crunch. Principle alone on a 5 year loan will be 333.33 a month before adding interest. which is almost 21% of your gross income. You can't even consider a 4 year loan because it would be more than 26% of your gross income. I would suggest you never and I mean never exceed 20% of gross income for an auto loan - also your insurance will go markedly up for a new car.
Can I give you the advice I'd give my own daughter? Take you 2k and buy a beater. You insurance will be cheap. Take the $333.00 a month you were going to have to pay and save it every month for one year. Sell your old clunker - you will still get at least a $1000 for it and combine that with the $4000 you will have saved by paying the car payment to yourself and you can buy a 5000 dollar car. You can repeat this the next year and you can buy a 9000 dollar car and then a 12,000 car the next year. A used car at this price is very nice and should last you 4 years. If you continue to save the same amount for 4 years, you will be able can pay cash for a 16000 dollar car not counting trade in value or interest paid on your savings.
In truth buying a new car is just about the dumbest finacial choice a person can make - it will loose several thousand dollars of value the moment it leaves the lot. Please consider engaging in some self denial and learn to avoid debt all together - you will be thankful your whole life and much wealthier for it. |
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Ellis C
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You can get somewhere between 8 to 9%.....still check around. |
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Kylie
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Finding a bad credit auto lender take a little bit of work to find the right one. When looking to buy a new or used car, the dealer may offer bad credit financing, or refer you to a lender. Car buyers should consider arranging their own financing.
http://www.worldbestloans.com/autoloans.htm
Unless you have a 700 or higher credit score, it might be a good idea to look at your credit report and see what you can do to improve your credit score. A 700 score will get you the best rates at the best loan terms.t. |
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Choice D
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Anthony F
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I cant see it being a problem to get the loan but get rid of a couple of the credit cards. 12% for an auto loan is crazy don't buy the vehicle unless you get an interest rate of less then 3, ford along with other companies are offering 0% just to sell you a car. just to give you the heads up my truck costs me about 1300 a month after all said and done |
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Vern A
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It should really save you a lot of running around to just get an auto loan quote online to see what the going rates are. You might be pleasantly happy. Also if your credit is not so great, a lot of online loaners are more able to help you.
What I usually tell folks is that an online quote at http://auto.lowratetoday.com is worthwhile. |
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Sharon T
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Before you go shopping for the auto, go shopping for the loan at your bank or credit union. They know you so your age won't be much of a handicap.
Once you know what you can have there, you can look for the vehicle you want and check out the financing the dealer offers. Take whichever is best--after you read all the fine print carefully. |
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rp_mcmurphy38
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STOP.................. 12 % , are u out of your mind...Talk to a realtive or older FRiend ASAP... 12 % is for idiots that score 550 or less...Please take someone with you, that car dealership wil rip you blind.. take my advice or e-mail me if you don't know anyone. |
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