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Can a relative buy a car for you with his good credit and you pay off the loan?
Wiki User
∙ 15y ago
Yes, but the vehicle will legally be theirs in every aspect. The payment will report on their credit and affect their debt levels if they apply for another loan regardless of if you pay it for them or not. If something happens to or with the car, they will be liable. Registration and insurance will be in the name of the person financing the car.
Wiki User
∙ 15y ago
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If a prospective buyer does not have good credit, is it still possible to qualify for a loan on a foreclosed property?
No, you are what your credit score is! You may get a loan with an enormous amount of interest on your loan. Also, a lot of banks that buy out the foreclosures want cash not credit. It depends on the company's policy and if you have a co-signer or not.
After signing a contract to buy a used car on what grounds can the dealer later deny the loan?
If the bank won't give you the loan for this vehicle. If your credit history is not good. You can sign all the contracts you like, but they will check out that person's credit history. If your credit is good then I would discuss this with the Manager at the used car dealership. If you went to a banking institution for this loan then contact the bank you were dealing with to see why you didn't get the loan.
Money owed when you buy something on credit or borrow is?
A loan.
How can I buy a bicycle through a bank loan?
First, you should determine if you can qualify for a credit card. If you have good (680+) credit and make more than $12,000 per year, you should be approved for a credit card. While credit limits are based on income, most standard credit cards will start someone in the $1,000 to $2,000 range. However, the interest rate may not be what you want. .. IN this case, a bank could provide you with a personal loan. You would go through the application process and help them understand why you want the loan and why you would be a good credit risk, and, given a good credit score, they will give you the cash. A personal loan will likely have a lower APR than a credit card. Once you have the credit card or the cash from a personal loan, go buy the bike (and don't forget to negotiate).
Why might one get a car credit loan?
Getting a car loan is a good way for those who don't necessarily have the money up front to buy a new car. If you are established with a bank or credit union, they will often lend money to you for this purpose.
Where can one buy credit from?
You don't typically buy credit. Credit is something that is given to you when you apply for a loan or credit card. Your credit score depends on how much credit you have and whether you make your payments on time.
How do you get a loan to buy an existing business What extra steps do I take if I have bad credit?
You might be able to get a loan even with bad credit. You will, however, get the loan at a very high interest rate.
Can you get a loan to buy a used car with a credit score 570-575 if you have two loans with the credit union that are in good standing but recently had a tax lien?
It depends on the individual institution's credit policy and the underwriter's decision.
How to get a mortgage loan with bad credit and good income now?
Find a rent to buy or one where the owner will carry the paper or a co signer.
What are Auto Loans?
Any loan means you've asked for money-on-credit from a lender. An auto loan money-on-credit from a lender, usually a bank, credit bureau, or dealership, given specifically to buy a car, and typically to buy a certain car that you've already picked out before the loan was approved.
How can you stay away from getting bad credit?
Live within your means. The simple rule is don't buy more than you can pay for. If you take out a loan, and a credit card can be a type of loan, make sure all your payments are made on time. If you pay off the credit card every month, you will develop a good credit rating.
What is a form of loan ability to buy goods based on future payment?
Credit
