 How can I build up my credit when Im only 18? |
| Im only 18 and desperately trying to build up my credit. I was just wondering if anyone knew how I could do so. Thanks!... |
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 Will adding my son to my credit card impact my credit rating, even if he never uses the card? |
My son read that a way to improve his credit rating was
"Add Your Name to Someone Else’s Good Account.
Piggybacking off of someone else’s good credit is an easy way to improve ... |
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 I have a credit card question. My credit card is up to its limit and im making monthly payments to pay it off. |
| Is it a good idea to do a balance transfor to another credit card for lower intrest rates or does that just make it worst. Did anyone ever do a balace transfor? and does it help?... |
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 How do I get my Credit Score? |
I just recieved a personal credit file from Equifax, but it did not include my credit score. How do I go about getting that score?
I live in ... |
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 Why is the lost or stolen number written on the back of your bank/ credit card? |
For goodness sake!!!!
If you lose it you would never know what number to call anyway!!!!!!!!!!!!!!!!!!!.......
Egg's site impressed me though, first thing you see in the &... |
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 Does anyone know of a place that re consolidates private student loans without running your credit report? |
Additional Details
I have about 40k in student loans through Sallie Mae that I just recently brought current and the monthyly payments are $600 and my APR is 18.24% I need to do ... |
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 They put my account as "Charged off"....??..? |
| I have an outstanding balance with a creditor, I called one of debt releif organization. So I am making monthly payments. The collection agency put my account as "charged off". Are they ... |
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 New year and I want to start clearing my debt.. what are some good free debt management companies I can call? |
My debt amounts to about 4000GBP.
I want to start cleaning up my credit file and clearing debits.
I need a decent free debt management company that won't take any of my money in ... |
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 I need 2000 to bail my boyfriend out of jail but i dont have ne credit cards or bank account? |
Additional Details
ok i dont think it right that you ppl judge my boyfriend not one of you kno him or kno why he is in ther so i really dont think you should judge ... |
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 ING Direct, is it worthy?? |
| I am researchign ING, and see that the ing direct savings account accures 4% interest. Y is it so much higher than normal banks? I am 18 with no credit hostory ( dont kno if that metters), can I open ... |
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 I'm 19 years old, full time college student, thinking of getting a credit card. What should I look for?? |
| I do not currently have a part time job (but I do have money saved up). I wanted a card that will give me points and/or rewards. Any suggestions on where to look? Should I even get one?... |
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| Will my bad credit be renewed when I get married? |
| I live in Texas and because of a hospital bill my credit is bad (the bill is only $35) We want to get married and buy a house and a car and all that good stuff. He has no credit will we be able to do ... |
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 Considering a personal loan...? |
If I was to take a small personal loan (less than £500), how long does the whole process take. Would I have the funds within a month for an overseas trip?
Thank you!!... |
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 Where can I go to "watch" my credit (I don't care if I have to pay for it.)? |
I would prefer to have a place where I can do a trial period.
I ALREADY tried PRIVACY 1-2-3 and FREECREDITREPORT.COM. I can NOT get another free trial though them, but there has to be ... |
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jiujitsu | I need a big auto loan. i have some questions. please help.? |
i am soon to be 22 years old. i got my first credit card at 18yrs old and immediately maxed it out ($6500 limit). i made a late payment about 6 months into paying off the amount, but all other payments were above minimum and on time. late last year i paid off the rest of it (about $4000) all at once. i cut up my card and havent used it since.
i work part time (4-5hrs a day) at my moms law firm. i make around $500 every 2 weeks. i have no expenses (i dont pay rent, i dont pay auto insurance, i dont drink, etc..) my schedule is very flexible and i can work more hours anytime i wish.
i want to take out a $30,000 auto loan over 60 months. i calculated that with an average interest rate of 7.45% that monthly payments would be $600 a month. this is absolutely fine for me because im a car enthusiast and dont mind paying that at all for the car i want (03+ bmw m3, doesnt depreciate much at all)
is it possible to be approved? i can also have my mom or dad cosign. mom: lawyer, dad: cpa
Additional Details
i wont be paying for insurance on the car.
the car will be a used car.
i work the hours that i do because it is comfortable for me(as i dont have any expenses), but i can easily work more if need be.
both of my parents have very good credit. |
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Matt W
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You can't afford that car without working more hours. A lot more hours by the sound of it. At $10/hour, which is what it sounds like you make, you'll need to work full time without any other expenses to be able to afford the payment and insurance. With your short credit history, a history of maxing out your credit, and the late payment on your record, you are not going to get a loan at 3 - 5% like the previous poster wants you to believe. i wouldn't even bother to contact that person. I doubt you would get one at your "average" caluclation of 7.45% either. I'm guessing that with your income and credit, you can get qualified, but it'd be closer to 15% APR. |
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manns41078
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It may be possible with your parents as a cosigner, but from what you are telling me: you make $1000 / month and want to spend $600 on your auto... Insurance will most likely run you $400/ month ... the loan alone would put you at a 60% debt to income ration which is well above the acceptable range for most lending institutions.
If your credit is not very good either I wouldn't expect approval.
Definitely go in and have a parent cosign.
Then you may be able to do it.
Also realize that a brand new car like that will lose about $10k when you drive it off the lot and most likely continue to depreciate quite quickly for the rest of its life.
I personally look for the one year old leased vehicles. There is usually very little wear on them and the price is so much better. And you don't just throw away $10k to buy something shiney.
Best of luck! |
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Snuffy
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personally, I'd purchase something a little less expessive and
build up to the "best on the lot". Why go all out on something
that depreciates so quickly and puts you in the position of
using so much of your spendable cash ? |
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blackrjsol
 |
From my experiences, I say that it is very likey that you will be approved.
If you decide to try to get the car yourself, you might have a slight chance of getting approved for that vehicle.
Heres Why,
1) When trying to a car loan, banks look at your total income, debt to income ratio, and credit history.
2) Your debt to income ratio is very low because you have no major bills to pay, so all your income goes to your pocket.
3) You did once have a credit card that you have paid off.
One missed payment is ok but aslong as its payed to atleast 65% of its limit you are ok. If the credit account is still open, thats even better because its considered established credit and its in good standing.
But keep in mind, if you are approved without a co-signer, there could be a possibility of a higher interest rate, which means higher car payments. Also take into account, auto insurance, gas, and other expenses. like going out to the movies.
If you parents co-sign, you highly likey to be approved, because they make more income and if they have good credit your interest could be below 7% which means lower car payments.
Talk it over with your parents and see what they will consider a good idea. Although your parents may decide that you should get a cheaper car. |
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llrager
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probably with a co signer you could get this loan |
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stan c
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If your parents are willing to co-signed, and they own their home, it might be better if they got a 2nd mortgage. That way the loan can be longer and the payment lower. They also may be able to deduct the interest on their tax return. |
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nolimitsladies.com
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Why would you get such a big car loan? That is straight bad debt. You will most likely be upside down in it from day one, never to be able to sell it for what you owe.
Why not get your credit scores, shop around for car loans, see what you can and should reasonably afford, and then go look for a vehicle?
If you can have you cash or financing in place, you can get the best deals. I would recommend using something like cars.com and buy from a private seller. You can find motivated sellers, check out the car in advance, and in some states (like AZ you don;t pay tax on what you buy through the paper). You would be surprised at the great cars you can find- and that you could turn around and sell to get your money back out, or even make money on if you wanted.
My long winded point is that there is a smart way to by a vehicle and a dumb way- and you will suffer if you choose the dumb way. |
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Still reading
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With your parents as co-signers, they can probably get a good rate with good credit. You don't qualify.
You keep saying you won't pay insurance. Then somebody else must be paying the insurance? Your parents, maybe? The lender will require you to have fully paid-up insurance. |
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FireStone
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hi |
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siva k
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try some big bank |
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jack
 |
i think that the below website will help you to find the right solution |
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