 I just paid off a ton of credit cards. Should I close these accounts or keep them open? |
| Someone told me I'll hurt my credit if I close them and that I should use them every so often and pay them off ASAP. I feel if I have them laying around, I'll use them! Even if I destroy ... |
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 A friend asked me to co-sign for his car loan? |
what are the pros and cons? and is this something i should proceed when i'm interested in buying a new car soon not too mention possible buying a home for the first time???
all your info ... |
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 How can I get out of a $3,000 credit card debit? |
| I have a credit card debit for 3,000 dollars with the interest being at it's all time highest . I canceled my credit card because it seemed to me as if the more I pay the more the interest rate ... |
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 I'm 22 years old and owe about 33,000 in debt, should I file for bankruptcy? |
| I'm currently 22 years old, never been marry, I owed about 23,000 in credit card debt and about 10,000 in collection. Should file for bankruptcy? and how does it affect my credit score in the ... |
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 I AM in USA and a U.K Credit Card Company has issued a CCJ in a Uk County Court,I have heard nothing since.? |
| Former UK Resident,Debts Unsecured and have been in arrears for 3 Years now.I have heard nothing from the Court.... |
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 Paypal is asking for a copy of passport, driving licence and identity card??????????????? |
why is this? and has anyone else had to do this.
Additional Details
I KNOW ITS NOT A SCAN AS ITS ON THEIR SITE ALSO WHEN I LOG ON.... |
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 Is this a scam? |
| i have recently put my car up for sale on two local websites. Today i recieved a call from a person saying they were from a company motor fine and that they loan money to potential buyers of cars and ... |
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 Collections call could it be a scam? |
| Okay, I had a credit card a while ago. To put it simply i went way deliquent. I got ONE letter saying that it was going into collections. I'm aware of this. Now im trying to wait for my stimulus ... |
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 I accidentally signed up for a credit card. what should i do? |
the other day i went to Canadian tire and there was a lady there giving out cards that said you get $10 off gas and i blindly signed up. but as it turns out it was for a credit card!!!!
what ... |
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 If I get a credit card, can I see an online list of my purchases or not? |
| OK, so here's the deal. Say I wanted to get a credit card. Then I would get an online user name or something with, for example, American Express. Then, when I logged into my account, could I ... |
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 Does anybody know where I can apply for a credit card with bad credit? |
Additional Details
i don't have bad credit because of credit cards i have bad credit do to some hospital bills i was unable to pay.... |
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| What happens, when a car is repossesed, if there is a balance owed on the loan? |
| After the car is sold and there is still a balance on the loan, does the bank sue the owner for the difference?... |
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 What the point of having a good credit score? |
I always thought it was just a good idea to stay away from credit cards period. But my friend told me you can't buy a house without good credit and other stuff like that.
What are ... |
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 What does 'take home salary mean?'? |
| My math question says that a woman has a weekly gross salary of $590.20 and a take home salary of $464.90. what does that mean?... |
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 Credit Score!? |
| How much does canceling a credit card lower the credit score?... |
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| In need of a loan? |
| I have been involved in a loan scam which put me behind in my bills now i'm in need of a $3,000 loan that will give me a fresh new start. Does anyone know where I can apply at? I have tried ... |
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mistypisces | If you have poor credit can you still get a new car? |
I will be graduating in December and getting a better paying job. I'm wanting to trade my car in. The thing is that I have very poor credit. I am wanting to get a Mercedez Benz. Now I know you are thinking that is very far fetched to want somthing that expensive with bad credit. I know and understand. But I will be able to afford it. I hate it that my credit is so bad. I had to make lots of sacrafices going to school. Now that I am back on my feet again I want to try and better things. Is there any way I can get the car of my dreams with having bad credit and not having a cosigner? What if I had $6-7 thousand dollars to put down on the vehicle? Would they say okay, but with a high intrest rate? How much would I have to put down in order for them to finance me with bad credit? Thanks |
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D B
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You should be able to find a lender.. yes probably with a higher interest rate. Why dont you buy something cheap.... re-establish some of your credit and make it your goal to get the Benz in the next couple of years :-) |
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krazykajun
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You can but you will have a very high interest rate.....My brother had that problem |
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but why not
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yes get pre approved so you have more negotiating power
and so the finance person can't take advantage of you
http://www.wesayes.com |
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Harvy S
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You can ALWAYS get credit to buy a car. The rates/terms will not be as good when you have poor credit, but you can still get the loan. Try here:
http://monetizeit.net/z/1482/CD948/ |
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nurse Jenni
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go to a place that accepts bad credit or no credit - they will let you buy a car but you will have high intrest. |
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towel 42
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I hate to say it, don't get a mercedes. I don't care if you can afford it. If I wanted to, I could by a car. I'm fifteen. I can afford it. I earn about 150 dollars a month. But I'm saving my money. Buy a Honda Civic or something. A cheaper car has a better chance of raising your credit. You'll be able to pay for it easier. Work your way up to a Mercedes when you have a steady job and a steady income. If you buy a $40,000 car with $7000 down, with bad credit, you're talking a high interest rate. You'd end up paying $1000 a month. Not smart. Save your money for a house or emergencies. A saved dollar is more worthwile than a spent dollar. Even if you would rather have a Mercedes than a Honda Civic, that extra $30,000 in your pocket can do a lot. |
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Anne R
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You can probably get a loan for your new car especially if you have a large downpayment. However, watch out for the interest rate as it will be high. Check out your credit report for it's score. Credit companies, insurance companies, and others will often charge higher or lower rates based on this credit score. |
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Makakio
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The FASTEST WAY to repair your credit is to add a car loan and successfully pay it off on time and/or even ahead of schedule. With a BIG loan and big interest, I doubt paying off the Merc will happen that quickly. Also, a KEY component to your credit score is evaluating how much credit debt you are currently obligated to. If you have a BIG credit debt (a la Merc), you'll have far LESS ability to get credit for other things and your credit repair will take far LONGER to happen. Remember: this is about time and making payments. My suggestion: buy a cheap car with a two-year (lousy high interest) credit agreement. Pay it off on time (or slightly ahead of time) and walk away with a 200-point credit score increase. THEN you'll have the salary history and the credit to buy the Merc at a reasonable rate. FYI - I've owned two late-model Mercs and they BOTH spent more time in dealer service than in my driveway. I now own a BMW, which is only marginally better and my next car is going to be a (realtively) inexpensive japanese car. I earn a lot of money and even though I can "afford" it, I can't shake the reality that there's just soooo many better ways to spend it (ie: investing so I don't *have* to *earn* it anymore - which IMO is a far better place to be than behind the wheel of a nice car). |
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dsgc05â„¢
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Yes some places have special loans for bad credit |
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cakeeater0119
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from experience....my girlfriend just bought a car with bad credit (a bankrupcy) with NO co-signer....
poor credit CAN get you a new car, however your interest rate will be much higher resulting in a higher monthy bill. Also, you may not be able to borrow as much from the bank.
poor credit can also rsult in having higher monthly car insurance bills as well. Most insurance companies run a credit check, so even if you get a really nice car, watch out for your insurance bill! You should check to see how much insurance would be BEFORE buying the car!
The more money you put down, will result in you borrowing less. When you get approved for the loan, it would help if youj pay back MORE than your monthly car payment.
Oh yeah, beware of those instant car loan with bad credit mailings that get sent out! I'm not sure how many of them are actually beneficial to you... |
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willowbluecrow
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you can..but you will have to have a co signer and have to pay a higher intrest rate...also most car dealer ships like ford and vw have programs for reastly graduates to get a new car... |
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Tish
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You have a couple of problems. One: bad credit. Two: You won't have a stable work history at your new, high paying job. Three: You'll need much more of a down payment ... closer to 15k.
My advice... wait for the car, fix your credit and save some money.
You will have to pay SO MUCH in interest... in the long run you will be kicking yourself in the butt. |
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dutchfam7
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save some more up for it and then you don't have to worry about a loan. If you are getting a better job with higher pay then it shouldn't take you no time to get it saved up. Pretend that you have a car loan of about $500 a month and each month put that in the bank. In several months you should have enough money for cash outright. Don't go back into the whole over a car. A piece of metal with 4 wheels. Is that how you want to be defined in life by a car? Isn't there more important things in life? |
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KISH KISH
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i think u should save ur $ to pay on ur old debts. instead of buying a mercedes, get something cheaper until u can get ur credit score up to have a lower interest rate and not need a cosigner. how do u know what job ur getting? if it is already lined up, thats great--if not, dont depend on it! things happen, u dont wanna have car payment u cant afford! then ur credit score will be worse than b4! take ur time--make sure all ur ducks r in a row b4 buying an expensive car. u may think u can afford it but what about maintenance, insurance and gas in addition to what bills u already have and the actual car payment!
**overall this is what i think u should do!
1.graduate
2. find a job (if u dont already have one)
3. pay on old debts (find ways to increase ur credit score)
4. buy a used car (w/ cheaper payments)
5. save, save, save!
6. put $ up for an emergency
7. in a few yrs, buy the most expensive mercedes u can afford! |
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shhbanvar
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You can get a car, but your interest will be high.
--------------------------------------...
http://www.bestcreditrates.net |
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iiboogeymanii
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All depends on the lender, and what their qualifications are for the loan. You will definitely have to pay a higher interest rate, if you even get the loan. Alot of places will more than likely require a co signer, and be prepared for that if they do. The fact that you have that much to put down may show them good faith in repaying the loan, and may be more favorable for you to get it on your own. Good luck!! It's good that you are trying to better yourself, and the fact that you didn't file bankrupt will help also. That would definitely make you a no go. |
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joeysmom2
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It would really all depend on the total cost of the car. I would be prepared to put down between 15-20% of the cust if the credit is real bad. If you get there with 7k and they still turn you down...ask them what It would take to seal the deal with them....be wary of that interest rate too...with a high down paymnt, your interest rate should go down too! |
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Sweet Dreams
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co-signer |
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