Related articles from Yahoo AnswersResolved Question: Do you think I will I get Approved for this auto loan? ?
Scenario---> I have Bad Credit (not from any dealings on my own from something that happened when i was younger from family members, I've been thru law firms[Lexington] to help remove some of those items)but I have a great job that pays very well and my cosigner is a family member that is retired but has perfect credit and no income. I am going to put $4K down on the car that is listed for 20,995. DO I HAVE A CHANCE AT FINANCING? Please Help? THANKS PS... I have a car i financed thru a bad credit loan independent dealer but that has a 24.0% APR so my payments are 707.20 never late paying and have had for 1 year now hasn't help my credit score as the programmed promised so now im ready to give it back and go through a financing company that is truly going to help.
Open Question: The best deal for Miracle loans?
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Open Question: Finance Brokers & Credit Checks!! What are my rights?
Back about a year and a half ago I was looking around for a car to buy. I come from the UK and had been in the country about a year or so and was a permenant resident at the time of buying a new car. I had one Credit Card to my name and that was fine no issues with it, always paying on time etc...So when I ring up finance companies to get a finance deal on a car for around $20000 I was declined over and over, I enquired around 5 times. Then I spoke to a Finance Broker who worked for United Financial..He said he would be able to help. He did in the end after serching 15-30 different companies. The problem is he searched them all and that affected my credit history major, my credit reprt now shows 30 searches in a 1.5 yr time frame, and as I have been told by my bank that is really bad for my future. The finance Broker said I he could only go with a partner company called AFS (Auto Financial Services) and it was at 29%APR!!! I had to take it cus I needed a car for where I lived and worked. And I could only have $12000 so I had to save $1000 and I got a $13000 Barina, not what I wanted at all...I have had it now for 1.5yrs and only just realilse that when I called the "AFS" company I was put on hold and I got hold music then a voice saying welcome to United Financial (where the broker was from)...So what I am thinking now is that the broker ruined my credit history and reprt, and ended up getting me finance with his company and at a stupid rate as he knows I wouldnt have got any finance else where? Am I right to say that is unfair and who could I speak to about it? please help, my credit reprt now is CRAZY!! and just to top it off, I was strap for cash one week and I got out a "Pay Day Loan" I borrowed $250 and paid back $350, my bank also said that this looks bad on my report too...the thing is when I rang these people up when I was enwuireing about the loan and they said its good for my report cus it shows I am able to pay it back....WHAT A CROCK of Sh*t!! In UK I was told up front whether it was going to affect my credit report and also a broker credit checked me only once and went to different banks to check if I could have a loan with any of them, but only had one credit report check...Anyone know what I can do if anything? Thanks alot!
Open Question: has anyone heard of bluesky auto finance company that deal with people w/ bad or no credit?
Resolved Question: Where should I go for auto financing?
I'm 21 years old and still don't own a vehicle. I have no family to rely on to help. I've been working at the same company for over 2 years now and renting from the same apartment complex for over 2 years. I thought because I didn't have bad credit, that I would just take a lower amount. Only credit I can get are high amounts with high APR. I don't want that, because I know its not serious and I wont be able to pay it off. Is there a company that will give me a loan for financing that isn't a scam? Where do average middle class Americans go to get auto financing?
Resolved Question: How can I find an auto loan with bad credit for AutoTrader.com?
I found the perfect car for me on autotrader.com , however I can't find anyone to finance me. I tried several places but they just referred me to dealers in my local area.
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Is this the best offer for Cheap cars online?
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Resolved Question: does anyone know where i can get an auto loan?
my credit isnt great because i had to let the bank take my truck when i lost my job which was months ago now i need a car and i dunno who will finance me i found the car im in love wit only 8,000 not a bad price but dunno who gunna finance me i tried so many thinks im out of ideas can anyone recommend or tell mee sumone or sumthing who will finance me i have tried HSBC i have tried capotal one ... nothing and i have direct deposits to pya my monthly payments.. any ideas?
Resolved Question: Desperately need auto financing!! Please HELP!?
I have really bad credit ( 500).Im also a full time student. I am currently working on improving my credit.. I found a job that pays decent (2,000 a month)but it requires i have a car. Ive been working on the job for 2 months. I can put down $700 down payment i need some type of auto financing. For a used car. The car would cost $8,000- $10,000. What are my options. Where can i find auto financing.Please only serious responses this is important!
Voting Question: I have bad credit and I need to get an auto loan. I was denied at the dealer for a car how can I get financed?
Resolved Question: auto financing: can banks charge a bad credit fee?
I'm inside of the car dealership now and I'm waiting for the finance manager to finish running my application. While talking about the price, they added $2,000 (this is adter putting down $2.000... sobasically I just lost that 2k) and the sales manager told me since myself and cosigner have such bad credit (which is true) that the bank will charge 1k-2k extra fee for financing. This sounds fishy, like they are getting money out of me. Is this true?
Resolved Question: In a bad economy like ours, how difficult is it to get financing for a car?
I am 18 years old and just started a cell phone plan in my name so I guess I haven't established my credit yet. I have my own business plus a second job. But the business won't be in my name for another year.
This car I want is sweet! It's a BMW 5-Series but it isn't a new fancy expensive one. It's fairly old its a 1994 and it's being sold by a car dealer for $3,888. Is it hard for me to get financing? Are they desperate since auto sales are at a all time low? Or what's the deal with that?
Resolved Question: Where can I get a bad credit auto loan with a score of 560.?
I have already tried one of the local dealers and they told me no yesterday. I have a car financed with Ford Credit right now and I am upside down on it because I deffered a few payments a while back. I want to trade it in, because it is starting to have problems and it is not worth me putting more money into it. I really do not want to go to a buy here pay here llot, because their cars are really over priced and they usually have motor issues too. Please let me know what you think. Thanks!
Resolved Question: Do the Big Three automakers resemble dinosaurs?
It seems that the needs of the future for transportation may require nimble, innovative entrepreneurial firms that are lean and hungry, not just making gestures of shedding private jets. Is it time to let Detroit out of the responsibility of keeping our economy going?
Many critics of the auto industry argue that bankruptcy is the best choice for the Big Three. A bankruptcy judge has broad powers to let the automakers shed their debts and other obligations, as well as get out of labor contracts that they can no longer afford.
Other industries, including steel and airlines, have used bankruptcies to emerge financially healthy.
But the automakers say that consumers' concerns about warranties and the resale value of vehicles would stop them from buying from a bankrupt automaker. The resulting drop in sales would make already bleak conditions worse.
There are also questions about whether the automakers could get the financing they need to operate under bankruptcy court. Many lenders that have loaned to bankrupt companies in the past have exited the field in the wake of the credit crunch. And experts question whether the crucial source of funds needed to emerge from bankruptcy would be available to the automakers.
"The size of the companies, the state of the capital markets [and] the uncertainty about how bankruptcy would play out...means the ability to get [financing] is a big question mark," said S&P's Schulz.
Giggle Bear: The 'domino effect' was last disproven in regard to the Vietnam War. For example, if auto workers become unemployed, they will have unemployment insurance which can be extended while retraining and other efforts to get them employed take place.
The only people who will be left out in the cold are the bigwigs at the auto companies. They won't be able to add millions to their trust funds and other personal accounts.
Fear, uncertainty and doubt are great sales tools, but I ain't buyin'.
Resolved Question: Should High school education focus on more practical lessons?
For Example:
- Insurance
~ Life
~ Auto
~ Home/Condo/Tenant
- Real Estate
- Finances and Banking
~ Budgeting
~ Balancing a Checkbook
~ Investments
~ The Stock Market
~ Credit / Credit Management
- Laundry
- Cooking
- Sewing (My fiance cannot even replace a button on his shirt!)
I am a customer service representative for an insurance agency, and it surprises me how many people have such little knowledge of necessary coverage and policies.
Many people make bad life choices or simply mistakes based on inexperience and lack of education in the subject matters.
Should Home-ec/Economics be a required class in high school??
And should more practical and real life topics be taught?
High schools offer specialty courses for driven students, however is that not what college is for? Life lessons and survival skills should be taught to todays adolescents.
and this includes more practical sexual education - too many people are accidentally getting pregnant and it is not a good mix because in many cases it causes a halt to further education.
As much as I hated history, it does repeat itself and is important to learn. Unless we know where we have been we cannot know where we are going. Also, learning from mistakes is a great tool.
I do think that all topics are necessary, however why the heck would I ever need Trig? all I use outside of school is maybe Algebra and Geometry.
Trig should be an ellective class rather than mandatory, and this class should be mandatory - everyone needs to know this information and I can honestly tell you that my parents know jack-squat about most of it!
Resolved Question: Virtual Financing Group-need some info about this company which has an informacial about lending money for....?
Auto Loans. So them on tv and they specialize in bad credit financing for a new car but also invite people with good and no credit to apply. I have terrible credit that will remain on my report for another 2 yrs but I need to purchase a new/used truck for personal use as well as for making extra cash on the weekends towing a trailer for a landscaping/curbing company. So their informacial and need some feedback or suggestions but if anyone has dealt with this Virtual Financing Group, appreciate feedback of your experience ...or just want to know if this is just another quick scam that wants you to send cash upfront to help you qualify for a car...And if you know of a legit company outthere that makes it easier for a bad credit person to qualify for a truck(apprx $15-$21 thousand), please let me know. Appreciate all the info. Thank you.
Resolved Question: Who's credit score do lenders use when considering an auto loan? Primary applicant, or primary and secondary?
I am in college with limited credit. About a year and a half ago I financed a new car, and am currently upside-down. My transportation needs have recently changed, and I need out from under it and into a different vehicle. I'm shopping used instead of new this time to avoid making my negative equity problem even worse in the future. My dad has a credit score of 800, and is signing as a primary applicant with me as a co-signer since credit is becoming harder and harder to get. Will my limited credit (score about 580) hurt the chances of approval since I'm upside-down on my trade, even though I'm not the primary applicant? I've maintained the car note by myself the entire time I've had it without a single late payment. I need to stay on the new note to maintain my line of credit.
I know each state has different lending laws concerning this, and I'm not sure how it works in Texas.
Thanks in advance,
upsidedownintexas
Yes, I understand what a co-signer does. He's the primary applicant though, because his credit is perfect. If I'm on the application as the primary applicant, the interest rate will be higher and with the current "credit crisis" I am more likely to get denied as #1 on the application. So I'm the secondary co-signer because I'm actually the one paying the note. If I default they'll come after both of us, I know. I've taken out auto loans before and understand how it works. My question is, with the application as it is, will they just take into account his credit score, or both?
Resolved Question: Where can I find a good interest rate on an Auto Loan if i have bad credit?
I recently bought a car and my interest is 25%! That is horrible. . but I needed a car VERY bad. Where can I find a place that will finance someone with bad credit. . but have an interst rate better than 25%???
Resolved Question: Can I get an auto loan under my new business?
I have recently started a new business and would like to purchase an SUV for company usage. The business brings in a nice monthly revenue stream but it is new and thus has no credit history. I would like to put about 10-20% down and finance the rest. My personal credit is bad so it's not likely that a personal guarantee would be worth much. Is it possible to get financing for this? I don't mind paying a slightly higher interest rate.
Resolved Question: poor credit auto loan?
I am trying to buy a car for around $18,900. I have a trade in worth about 11-12 thousand that i own free and clear.. I have around a 540 credit score. This will mean i need a loan 7-8 thousand. Should I expect to be able to get financing for this? with over 50 %down??? what kind of rates and terms can I expect. Also, I am on pace to make around 65k this year. I went through a forclosure almost two years ago and some bad credit cards from that time as well. that is the reason for my low credit score. let me know what i can expect to hear from the dealer or if you have any advice. thanks
Resolved Question: Bad Credit auto loan?
I am trying to buy a car for around $18,900. I have a trade in worth about 11-12 thousand that i own free and clear.. I have around a 540 credit score. This will mean i need a loan 7-8 thousand. Should I expect to be able to get financing for this? with over 50 %down??? what kind of rates and terms can I expect. Also, I am on pace to make around 65k this year. I went through a forclosure almost two years ago and some bad credit cards from that time as well. that is the reason for my low credit score. let me know what i can expect to hear from the dealer or if you have any advice. thanks
Resolved Question: Will all these stores closing cause a depression worse than the 1930's?
The real economy contracting rapidly
Behind the reassuring statements from Paulson and others that the "worst is over" the reality of the credit collapse since August 2007 is a deepening economic contraction which I have said several times in this space will surpass the Great Depression of the 1929-1938 period. A good friend who is an unemployed homebuilder in a prosperous part of Arizona just sent me the following list of US department retail store closures. It is worth noting that over 70% of the US GDP is consumer spending and that the entire Federal Reserve strategy of Alan Greenspan after the March 2000 collapse of the stock market bubble, was to bring US interest rates to their lowest levels since the 1930's in order to stimulate consumer spending on credit, i.e. debt, to avoid "recession." Note the scale of the following store closings across America in recent weeks:
Ann Taylor closing 117 stores nationwide.
Eddie Bauer to close more stores after closing 27 stores in the first quarter.
Cache, a women's retailer is closing 20 to 23 stores this year.
Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide
Talbots, J. Jill closing stores. Talbots will close all 78 of its kids and men's stores plus another 22 underperforming stores. The 22 stores will be a mix of Talbots women's and J. Jill.
Gap Inc. closing 85 stores
Foot Locker to close 140 stores
Wickes Furniture is going out of business and closing all of its stores. The 37-year-old retailer that targets middle-income customers, filed for bankruptcy protection last month.
Levitz - the furniture retailer, announced it was going out of business and closing all 76 of its stores in December. The retailer dates back to 1910.
Zales, Piercing Pagoda plans to close 82 stores by July 31 followed by closing another 23 underperforming stores.
Disney Store owner has the right to close 98 stores.
Home Depot store closings 15 of them amid a slumping US economy and housing market. The move will affect 1,300 employees. It is the first time the world's largest home improvement store chain has ever closed a flagship store.
CompUSA (CLOSED).
Macy's - 9 stores closed
Movie Gallery video rental company plans to close 400 of 3,500 Movie Gallery
and Hollywood Video stores in addition to the 520 locations the video rental
chain closed last fall as part of bankruptcy.
Pacific Sunwear - 153 Demo stores closing
Pep Boys - 33 stores of auto parts supplier closing
Sprint Nextel - 125 retail locations to close with 4,000 employees following 5,000 layoffs last year.
J. C. Penney, Lowe's and Office Depot are all scaling back
Ethan Allen Interiors: plans to close 12 of 300 stores to cut costs.
Wilsons the Leather Experts closing 158 stores
Bombay Company: to close all 384 U.S.-based Bombay Company stores.
KB Toys closing 356 stores around the United States as part of its bankruptcy reorganization.
Dillard's Inc. will close another six stores this year.
For anyone familiar with American shopping malls and retailing, this represents a staggering part of the daily economic life of the nation, from furniture stores to clothing to video rentals to leather. The process has only begun and neither major party Presidential candidate has dared to mention this on the ground economic reality, because they evidently have no solutions to offer that would not jeopardize their campaign finances. Obama is tied to not only Pritzker but also to Omaha billionaire, Warren Buffett and George Soros. McCain depends on the traditional money contributions of the Republican Party which demand permanent tax reform for highest income earners and a pro-bank laissez faire treatment of millions of homeowners facing home foreclosure and asset seizure by banks.
Voting Question: How long should it take an auto dealership to approve my financing? ?
I went and test drove the car and filled out an application for financing over a week ago (last Monday). I called last Wed. and asked if they had any news - well, I got turned down by a couple banks so they forwarded my app to their main branch that is a larger dealership and offers financing for people with bad credit (my credit is poor - 580, but not really "bad" I didnt think). So now, I havent heard anything yet and I'm wondering if it is really taking them that long, or if they are putting me off? They know I have no money down and they dont want the car I have to trade, so what else should I think? I know they want to sell the car, but they might think I would be too much trouble for them to go thru? A few months ago a simliar thing happened and it turned out a car I wanted that I was approved for was already sold to someone else and the dealership never bothered to call and tell me - when i first looked at the car and filled out an app with them, they never told me someone else had put money down on it and were waiting for financing - is this what is happening now? Is this how people with bad credit are typically treated or am I imaging things? Should I give them as much time as they need and be patient? Should he just call and follow up and let me know they havent forgotten me? I know someone else was interested in the car, so maybe they are putting them first? I am so frustrated!?!? Should I just wait or call the salesman today and ask how things are going, just to let him know i AM interested in the car?
Thanks everyone for the answers - but unfortunately I WAS being put off. I called the salesman and he said they could not do anything for me and didnt care to explain any further and seemed annoyned that I even called. What a jerk. He was never planning on even calling to let me know.
Resolved Question: how do you get financed for a auto loan with bad credit?
Hi am looking to get financed but i have really bad credit in the lower lower end of the 500 range. i will be paying cash for half the car and hopefully getting financed for the other half. does anyone know if it is possible, i understand my interest will be high if i can but i am willing to take that on i just wanna repair my credit. what are some good places to go through to get financed with the bad credit. i am looking into purchasing a new 2009 altima ....any suggestions?
Resolved Question: whenever a website 404's, I get an annoying search page?
I've wanted to fix this forever, and have tried recently, but there doesn't seem to be any information on removing this small problem when I search google.
The contents of this search page:
Sorry, the page you have requested cannot be found.
Please re-enter a search term:
or click on the of the popular category links below:
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Does anybody know how I can remove this, so I can actually stay on the website when it 404's instead of redirecting to this below mediocre search page?
Resolved Question: Have you ever been approved auto financing from a bad credit auto financing website? ?
Which website was it? How bad was your credit? Our car was totaled and insurance paid it off. My husband has horrible credit and hasn't been approved anywhere. I have very little credit and also haven't been approved. I desperately need a vehicle.
Resolved Question: I got email from U.S. Senator, what do you think?
Maybe you guys need to contact your U.S. Senator about the Bailout.
Thank you for your letter expressing concern about Congress' consideration of a plan to meet our Nation's credit crisis with financial help from the Federal Government. This is a difficult situation for which there are no perfect solutions, and I would like to share my thoughts and concerns about this issue with you.
On September 19, 2008, Secretary of the Treasury Henry M. Paulson, Jr. announced a legislative proposal to use $700 billion to purchase illiquid mortgage-related assets from ailing financial institutions. Secretary Paulson's three-page proposal was a non-starter, and without critical changes it has no chance of approval from Congress.
This proposal would have given a blank check to an economic czar who would have been empowered to spend it without administrative oversight, legal requirements, or legislative review. Decisions made by the Treasury Secretary would be non-reviewable by any court, agency, or Congress. The proposal also lacked a requirement for regular reports to Congress on the status of the program. This was simply untenable.
Since this announcement, my offices have received thousands of comments from Californians like you concerned about how this action will affect them. Yet, I believe prudent action must be taken. The bill should include the following principles: a phase-in of funding; oversight, accountability and transparency; a mechanism allowing the Secretary of the Treasury to modify mortgages to prevent additional foreclosures; and a precise cap on executive compensation.
The current credit crisis affects all Americans. If action is not taken to stem the crisis, Americans risk losing their homes, jobs, personal savings, life insurance and more. Banks will cease to lend to businesses and homeowners, and credit will be increasingly difficult to come by for average Americans. I strongly believe that the consequences of failing to act now would be greater than not acting at all.
Attached please find a statement I recently made on the floor of the Senate expressing my feelings on this issue. Please know that I will keep your thoughts in mind as this situation unfolds.
Once again, thank you for writing. If you have any additional questions or concerns, please do not hesitate to contact my Washington, D.C. office at (202) 224-3841. Best regards.
U.S. Senator Dianne Feinstein
Floor Statement on the Economic
Rescue Proposal
September 26, 2008
"Mr. President, to date I have received from Californians more than 50,000 calls and letters, the great bulk of them in opposition to any form of meeting this crisis with financial help from the Federal Government. I wanted to come to the floor to very simply state how I see this and some of the principles that I hope will be forthcoming in this draft. Before I do so, I wish to pay particular commendation to Senator Dodd, Senator Schumer, Senator Bennett, and others who have been working so hard on this issue. I have tried to keep in touch -- I am not a negotiator; I am not on the committee -- but California is the biggest State, the largest economic engine, and people are really concerned.
We face the most significant economic crisis in 75 years right now. Swift and comprehensive action is crucial to the overall health of our economy. None of us wants to be in this position, and there are no good options here. Nobody likes the idea of spending massive sums of Government money to rescue major corporations from their bad financial decisions. But no one also should be fooled into thinking this problem only belongs to the banks and that it is a good idea to let them fail. The pain felt by Wall Street one day is felt there, and then 2,3,4 weeks down the pike, it is felt on Main Street.
The turbulence in our financial sector has already resulted in thousands of layoffs in the banking and finance sectors, and that number will skyrocket if there is a full collapse. The shock waves of failure will extend far beyond the banking and finance sectors. A shrinking pool of credit would affect the home loans, credit card limits, auto loans, and insurance policies of average Americans. I am receiving calls from people who tell me they want to buy a house, but they can't get the credit or the mortgage to do so. Why? Because that market of credit is drying up more rapidly one day after the other. It would have a major impact on State and local governments which would lose tens of millions of dollars, if not hundreds of millions of dollars.
Hurricane Ike shut down refineries on the gulf coast 2 weeks ago, and now, today, people are waiting hours in lines for gasoline in the South. Similarly, the collapse of the financial sector would have severe consequences for Americans all across the economic spectrum: for the person who owns the grocery sto
Resolved Question: Why do so many here keep harping that the "bailout" is some gift to the rich?
Huh? Do you not bother reading what the "bailout" consists of?
First off, the government (NOT THE BANKS) forced the banks to lower their lending standards due to recent tweaks to the Democrat-sponsored Community Reinvestment Act of 1998. This causes a temporary boon for the "rich" as the lower class run out to buy 10 times the house they can afford.
Second, the banks have to write off tens of billions in bad loans that they were forced to give or face unrealistic penalties from the government, and the companies begin to tank. This causes massive losses the the "rich" as the assets of the companies tank.
Third, the government BUYS mortgages (and now apparently credit card and auto loans which I can't believe) from the banks at a discount to face value (asset value) and will reap the benefits the government as home prices rise in the future. This is at best a wash for the "rich" as they unload risky assets (they all won't default) but they lose value on the loan as they only get paid asset value, not face value.
Lastly, the government gives judged the authority to realign loans to lower, more affordable interest rates for those that are facing forclosure. This MASSIVELY benefits the speculators, those that can't manage their finances, those that bought above their means, and those that should've never owned a home in the first place, in other words THE LOWER CLASS, not the "rich".
So in the end, the middle class gets screwed with any possible losses (but won't recieve tax relief when any profits are realized, that's for sure) while the only ones that benefit are the morons that tried to beat the system, can't read a mortgage application (and were "handed" a bad loan according to Hillary Clinton) and people that just don't feel like paying their bills.
How you come to the conclusion that this is some bailout for the "rich" (other than the typical blind Bush rage) is beyond me. It's clearly a bailout of the incompentent, something we should get used to if Obama wins the Presidency. "Government encouraged neighborliness" is just around the corner.
"after all, no-one's 'bailing out' people who lost their houses through making a long series of bad decisions and poor choices."
This is precisely what is happening. I should stop paying my mortgage so I can bailed out too! Oh, wait, I have pride in myself and I'm responsible enough to make responsible decisions and take responsibility for them. This is a HUGE bailout of the incompetent, not Wall Street.
Resolved Question: Waiting for final auto approval...normal?
Helping a friend buy a car and he is running into a situation I can't help with so thought I would ask here to see if others have had same issue.
First, he has bad credit. Found dealer in our area and he worked out a deal with them for new car almost 2 weeks ago. He signs paperwork, puts down decent down payment and even agrees to the added on warranty package. He brought in one form of income verification and dropped off second day after picking up the car. Finance manager and salesperson tell us the deal is done and he has been approved. However, they are keeping paperwork including title and giving him dealer plates until the bank (Chase) does final checking of loan - they claim similar to underwriting process for home. Also told him he would get a phone call in a couple of days from lender to confirm information and verify his contact info.
So, he drives off the lot with his new car, only some of the documents he signed and dealer plates.
Almost 2 weeks later, no phone call and dealer keeps telling him everything is fine they are just waiting for the bank to fund.
Others are telling him that bank actually turned down the loan and they are looking for another one but dealer says that is not the case.
Should mention dealer has very good reputation in the area (I htink!)
Anyone else have this situation?
Thanks
Thanks gotwheels.. - that is what I think too. He keeps calling the sales rep who keeps saying everything is fine (things just a little slow) but obviously it is not. He is going to owe insurance on new car next week (grace period is up) and I have suggested he talk to the bank directly before that but all I can do is suggest...
Thanks again!
BTW - there was no trade-in
Thanks everyone...
He actually got the call from the bank this afternoon. Everything is fine and payment book is in the mail.... Guess I should have listened/believed the dealer...
Voting Question: Who can I call that would be willing to re-finance my very high interest auto loan, with my bad credit?
I recently bought a car, and had to take a loan with an interest rate of 24.99%. That means that I'm going to pay double for my car once its payed off. I've been hearing that I can try refinancing after 6 months of "on time" payments, but I've applied twice now, and been turned down both times. Does anyone know anything about this. Who I can call? Or how long I should wait before I try again. The company that financed me does not offer a refinance option.
Resolved Question: Bad Credit Auto loans?
My fiance's credit score is 575 (ish). He has a mortgage but nothing else currently on his credit. The low score is due to old debt that has since been paid off, student loans, and late mortgage payments. He hasn't had a late payment in more than 6 months now.
I have a credit score of about 600 which I have been trying (with no luck) to raise. I currently have a car loan with an awful interest rate, but I have never been late. My credit score is lower due also to old debt that's been settled and student loans. (Both of us are in grad school currently so our student loans are no longer an issue.)
We want to finance a new car and we make approx. $111,000 per year with our combined incomes. Will the income be enough to get a good rate on a car loan or should we just hold off until we can save money to buy something out right?
Resolved Question: Is This a Bad Credit Scores?
How will my credit scores be viewed if I apply for bank loans, auto financing, and home mortgages today?
TU: 647
EQ: 623
EX: 629
I am pretty confident that I can reach the following scores by the end of the year, what about then?
TU: 700
EQ: 640
EX: 650
Thanks!
Resolved Question: Where can I find a resonable auto financing company for someone with bad credit?
I actually have a zero credit score and need a new car. I have a great job, make approx $2240 a month gross and bring home approx $1744 been employed with current employer for 2 1/2 years, and previous employment I was with for 4 1/2 years. I have zero to put down due to my hubby's layoff and our depleted savings, I do have a trade in 2001 Ford Focus probably worth about $1500-$2000, but would like to put -0- down if it's possible.
Resolved Question: HSBC Auto loan in charge off?
I have a account in charge off status with HSBC auto finance. I payed this loan for two years before filling chapter 13 bankruptcy. I made payments into the chapter 13 trustee for 3 years before falling ill, loosing my job, and becoming unable to make the payments. Since then I have tried to make good on my debts and pay some of the creditors. The one that I am having problems with is HSBC! I have called and offered to pay a portion of the debt in return for them to leave me alone and stop with the harassing phone calls. The phone numbers they are calling aren't even mine but worse the people I listed as references 6 years ago. The first offer I made was denied and after pulling together my resources I was able to offer more money. The offer now sits at 50% of the balance. They still will not settle and the vehicle blue books for less than what I am offering, and still all I hear from them is the word RE-PO. I don't want to have to file bankruptcy again and have had no problem with other creditors, but I have to do something ASAP before these people drive me crazy. Oh and I ran my credit report and it shows the account has been charged. Also the vehicle they want so bad has no value since it needs a transmission and has not run in almost 3 years. Any insight or advise is greatly appreciated.
Resolved Question: Does yahoo watch for them and block them or something?
Are these scams too??
i asked about car title loan places and i get these, whats up for real w/ them?
Hello I am Mark Maxine by name, the (MD) of Mark loans venture i am a Reputable, Legitimate an accredited money Lender.I give out loans to Individual and companies in need of financial assistance.Do you have a bad credit or are you in need of money to pay bills? You can use this medium to solve all your problems as i render reliable beneficiary assistance and will be glad to offer you a loan at 3% interest rate. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You reach us via e-mail:mark_maxine700@yahoo.com
7 hours ago
Choose as Best Answer
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by Frank Petti Member since:
August 13, 2008
Total points:
137 (Level 1)
Add to My Contacts
Block User
Hello,
I am Frank Petti by name, the C E O of Petti Micro finance, i am a Reputable, Legitimate & an accredited money Lender.I give out loans to individuals and companies in need of financial assistance.Do you have a bad credit or are you in need of money to pay bills?
You can use this medium to solve all your problems as i render reliable beneficiary assistance and will be glad to offer you a loan at 5% interest rate.
Services Rendered include:
*Refinance
*Home Improvement
*Inventor Loans
*Auto Loans
*Debt Consolidation
*House Loans
*Line of Credit
*Second Mortgage
*Business Loans
*Personal Loans
*International Loans
Please write back if interested.
Upon Response, you'll be mailed a Loan application form to fill.
(No social security and no credit check, 100% Guarantee!)
I Look forward permitting me to be of service to you.
You reach us via e-mail:info@pettimicrogroup.co.cc
office number, 00233-28-52-52-676,
(C E O) Tel-+233-24-82-40-801,
Fax-00233-217-134-43,
5 hours ago
17 minutes ago - 3 days left to answer.
Additional Details
1 second ago
thanks guys! i kinda figured but you know, desperate times....how sad they prey on down and out people!
Resolved Question: are these scams too??
i asked about car title loan places and i get these, whats up for real w/ them?
Hello I am Mark Maxine by name, the (MD) of Mark loans venture i am a Reputable, Legitimate an accredited money Lender.I give out loans to Individual and companies in need of financial assistance.Do you have a bad credit or are you in need of money to pay bills? You can use this medium to solve all your problems as i render reliable beneficiary assistance and will be glad to offer you a loan at 3% interest rate. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You reach us via e-mail:mark_maxine700@yahoo.com
7 hours ago
Choose as Best Answer
0 Rating: Good Answer 0 Rating: Bad Answer Report Abuse
by Frank Petti Member since:
August 13, 2008
Total points:
137 (Level 1)
Add to My Contacts
Block User
Hello,
I am Frank Petti by name, the C E O of Petti Micro finance, i am a Reputable, Legitimate & an accredited money Lender.I give out loans to individuals and companies in need of financial assistance.Do you have a bad credit or are you in need of money to pay bills?
You can use this medium to solve all your problems as i render reliable beneficiary assistance and will be glad to offer you a loan at 5% interest rate.
Services Rendered include:
*Refinance
*Home Improvement
*Inventor Loans
*Auto Loans
*Debt Consolidation
*House Loans
*Line of Credit
*Second Mortgage
*Business Loans
*Personal Loans
*International Loans
Please write back if interested.
Upon Response, you'll be mailed a Loan application form to fill.
(No social security and no credit check, 100% Guarantee!)
I Look forward permitting me to be of service to you.
You reach us via e-mail:info@pettimicrogroup.co.cc
office number, 00233-28-52-52-676,
(C E O) Tel-+233-24-82-40-801,
Fax-00233-217-134-43,
5 hours ago
thanks guys! i kinda figured but you know, desperate times....how sad they prey on down and out people!
Voting Question: Where can I go for bad credit auto financing?
I have poor credit but I want to reduce the amount of inquiries I have for credit while I'm looking for a new car. Is there a lender that I can go to directly to obtain financing before visiting a dealership rather than going to a dealer and having them 'shop' you around to banks?
Voting Question: Getting Auto Finance with Not so good credit and part time job?
Here's the deal:
My credit is not so good, low 600 credit score. I'm working part time as a contract employee, working from home for almost a year. I want to buy my husband's boss' 2003 Honda Accord that he's selling for $7500.
How do I go about getting financing for this type of deal without having to run from place to place, having everyone doing a credit check?
And will I be able to get auto financing in my situation?
Even though my husband works full time, his credit is worse than mine. So I want to try and do this on my own. I'm not sure if he would even be able to get it done either because of his credit.
We really don't know how it all works when you're buying from an individual instead of a dealership. Would this make it even harder for me to get financing because I'm buying from an individual?
Is this even possible for me? Any suggestions?
Resolved Question: Bad Credit Sub-prime Direct Auto Lenders In Atlanta?
We are both working with 500 mid score ficos, no bankruptcy, no foreclosures, no repos, just medical and credit card debt. We are looking for $13,993 to borrow for a nice pre-owned vehicle from a reputable nationwide dealer. We both have steady good incomes combined. Can anyone please refer us to maybe a direct sub prime lender besides BarNone financial. We plan to use Bar None but we would like other options. I know that a mid 500 score is gruesome credit but we really need something reliable for $13,993. I don't know if we are going to even get financing with a mid 500.
Thanks
Resolved Question: I have a 530 FICO score, I am looking for someone that will finance me for a car, does anyone know....
of a company that gives auto loans to people with bad credit. Used to have good credit but lost my job a year ago and finally am getting back on track. I need a new car my lease is up in October HELP!
Resolved Question: auto loan help?
what auto loan or personal loan lenders looks over bad or fair credit and also do they guarantee that they will also approve u. also is the bad credit approval guaranteed at them auto sales dealers a sham or do they really approve people with bad or fair credit and they still gets financed at these used car dealerships.
Resolved Question: How will a voluntary repossession affect my credit?
I took out an auto lease for my husband to get a car last july.
(i paid $4000 down for him to get an lease car..still remaining 21 payments amount of $500 per month..)
But i am getting a divorce with him without attorney (actually i am filling marriae nullty because of fraud..also there is no way that i can contact with him..he just left from me and took the leased car.. he is immigration.. tried to get green card through me..) He failed make a payment for two months also didn't pay for the insurance for a while.. I am a full time student..i can't handle his car payment.. I called Cops but they can't help me because it's a regaI matter..so I called the car finance company in this morning and they told me i can sign up for the voluntary reposseeeion. Do you think sign up for voluntary repoesseion is best way for my situation? also how will a voluntary repossession affect my credit?? any penaly??should i wait for the divorce result? please help me..sorry for the bad g
rammars.
Voting Question: Applying for HSBC auto loan online?
Ok credit is a 552. If they check my credit will it affect my score (already bad as it is). What are my chances of getting approved with this company? And how much am i looking at getting financed? Plus am i obligated to take the loan? And what do i have to pay, down payment. Looking at buying a 15k car
Resolved Question: Yet another credit/financing question?
My dad is cosigning an auto loan for me. (I don't have bad credit but it's not great and the interest rate is way better with him cosigning) If he decides in a few months that he wants to buy a car himself would him cosigning for me affect his chances at getting a loan himself?
I have always maintained my loan payments. I always make my monthly payment amount + 50 dollars.
Do they look at debt to income ratio? He really does not make all that much money he just happens to have an excellent credit score.
Resolved Question: Where can I find a auto loan to buy from a private seller?
I have very little credit but it is not bad credit. I have been trying to build my credit but I got deals that was just too high on the APR. The only thing I have on my credit history is for jewelery I financed. And it wasn't much. I only made two payments so far and need one more to pay it off. I just need 2-4 thousand dollars to buy a car from a private seller. Is there a place that can help me with this? Thank you so much.
Resolved Question: Interest rate on new car?
Today I went to a auto dealer that has the moto of no haggling on price. I have read many good reviews in yahoo and on kelly blue book. So I went to the nearest dealership in my area. I won't mention the car type as it is obvious. My credit is perfect yet when the saleman worked up a monthly payment it seemed teriblily high. I asked him what rate he use and did not say but rambled on to avoid telling me. I then told the guy about all I would pay per month plus my down payment. Which after doing research on the internet felt was about fair. They then try to tell me for the amount I could offer they would put me in a much lesser car. After a few more minutes of listening to then the finance guru I decided to leave. I got home and ran a calculation and they were using a 12 percent finance rate. For someone with excellent credit and needing about 25-30 thosand dollard what do you think is about the going rate now? Also, I feel bad for hard working people that get suckered.
834, WHATS YOURS?
Resolved Question: BMW, Infiniti Auto Financing - Bad Credit?
I'm without a vehicle and have to buy one within two weeks. My credit scores with the three bureaus hovers around 620 but I have good income, long residency in the same place, and no late payments or collections within the last two years. What's my best bet for finding a decent rate (my credit union won't finance under 640)? And is leasing out of the question, particularly with BMW or Infiniti?
Resolved Question: auto loan with bad credit and after divorce?
I just was divorced after 28 years of marriage.> My credit score is terrible (450). I need an auto loan and I dont have a job. I get 650.00 a week for child support and alimony. What are my chance of getting financed. Also what is the best credit counseling out there? Thanks
Resolved Question: Financing a car at the dealership and getting a loan from my credit union same thing?
I am 18 and a first time car buyer. But like what my question asked, would financing a car at the dealership same as getting a loan? I am trying to buy a car but last time I tried, I needed a cosigner, but that didn't work because of his bad credit. Then I tried getting an auto loan at my credit union, Arizona Federal, but that didn't work since I also needed a cosigner to get the loan. And what I found out was that the loan was a lot cheaper.
So then now. I am trying to get my dad who has good credit to cosign for me, but which one should I go to for him to cosign? Back to the dealership, or to the auto loan and write me that check TO the dealership? OR, are these both the same thing?
I am so new at this, I just started learning about credit scores and now learning about buying a car?! My brain can fill up so much.
Resolved Question: Where can I find an auto loan for a vehicle that is older then ten years with mild to bad credit?
I am looking to purcahse a 1997 buick park avenue. My parents used to go through capital one for auto loans, it did have a higher interest rate, but they finance people with mild to bad credit. As of recently capital one no longer finances vehicle that are older then 10 years. I am looking for a comparable website/bank that would offer an auto loan on something that old to someone with mild to bad credit. It has 74,000 miles on it.
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