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Can you buy a car for your wife in her name but using your credit and will this build her credit even though she does not have any reportable income?
Wiki User
∙ 8y ago
No. Unfortunately you can not. What you can so is list it in both of your names tho thus establishing her on the title. Later this would give her collateral and assist her yrs down the road. She could possibly pull it off if you were to cosign for her thus using her credit initially and following up on yours to back it. And yes, it can be done without her "own" income thanks to the Patriot act. As your wife she can report your income and list "Spouse" under source. Now of course, I don't think you can get away with all of these simontaneously but it gives you an idea what you're up against. hope it helps.
Wiki User
∙ 8y ago
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If you have fair credit should you apply for a loan on your own or with a cosigner who has bad credit but more income and assets to get a lower rate?
I would try to get the loan on my own and build MY credit up. Its a personal choice.
What does a cosigner have to to have?
A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.
What are the advantages of a USAA credit card?
USAA credit cards aim to help people build their credit. They offer rewards programs and low income rates on a variety of cards. They also support the military by offering their plans to veterans and their families.
How could one build their credit score up?
There are a number of ways that an individual can build their credit score. Typically, an individual would build up their credit score by paying off credit cards on time and by not missing any payments.
What are some good credit cards for people who have no credit?
There are various companies that have special credit cards to help you build your credit. Most companies offer secured credit cards, that would be your best bet to build your credit rating.
Corporate Credit?
form_title=Corporate Credit form_header=Build your corporate credit and limit your use of personal credit! What is your dept to income ratio?=_ Why do you need this specific credit line?=_ Does your business have a current credit score?= () Yes () No () Not Sure If so, what is the current credit score?=_
If you have fair credit should you apply for a loan on your own or with a cosigner who has bad credit but more income and assets to get a lower rate?
I would try to get the loan on my own and build MY credit up. Its a personal choice.
What does a cosigner have to to have?
A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.
What are the advantages of a USAA credit card?
USAA credit cards aim to help people build their credit. They offer rewards programs and low income rates on a variety of cards. They also support the military by offering their plans to veterans and their families.
How could one build their credit score up?
There are a number of ways that an individual can build their credit score. Typically, an individual would build up their credit score by paying off credit cards on time and by not missing any payments.
What are some good credit cards for people who have no credit?
There are various companies that have special credit cards to help you build your credit. Most companies offer secured credit cards, that would be your best bet to build your credit rating.
How do I start to get credit to build a credit score?
To get credit to build a credit score, you must take a loan out on something such as a car or a house and then make payments. The more you are on time, the better your score will be.
What is offered by Build My Credit?
The company known as Build my Credit offers a service that helps improve your credit score allowing for you to get loans and mortgages easier. They can help you whether you have no credit history or have a bad credit history.
How do you get financing for a ranch?
If you are like most small business owners, you want to build business credit for your company and get small business loans when you need them. To build business credit means less risk for you as the owner of the business. There is effort involved when you decide to build business credit. Start taking the steps to build business credit from the get-go. This way, you won't find yourself without a strong business credit profile even if your business is thriving. There is a lot of hype regarding the need to build business credit that says personal credit does not matter. It's true that when you build business credit, you separate your business credit from your personal credit, but it does help to have strong personal credit as well. The more solid you are on your feet with personal credit, the more effective you will be when you build business credit. Credit protection laws vary between personal and business credit, so it's important to understand the differences when you begin to build business credit. A good rule of thumb to follow is simply this - repair your personal credit along with the efforts you are making to build business credit. As you begin to build business credit, set up your business structure properly with the state and get all the necessary licensing. When you build business credit you will need a business phone listed in the telephone directory under the business name. Buying products or services from companies that report your payment history to Dunn & Bradstreet and Experian will help you build business credit. Don't be discouraged by the best business credit score being reserved for the "big guys" when you build business credit. Maintain your focus and you will build business credit that has enough impact to catch the interest of private commercial lenders. Beware of loan fraud when you build business credit - a legitimate underwriter will not charge you a fee upfront to connect you with a business loan lender. There may be fees for other services involved when you build business credit, but not for that. Good business credit cannot be "bought."
Can a sixteen year old take out a loan?
of course there is a way to get a loan. but you have to be woriking or have a way of income. there r alot of ways and it also helps you build your credit.((: of course there is a way to get a loan. but you have to be woriking or have a way of income. there r alot of ways and it also helps you build your credit.((:
How do credit cards build credit?
Credit cards aid to build credit history in the same manner that any debt, whether it is from purchasing a car or by just paying rent. Be responsible with credit cards. You should not overspend.
Are their companies that will sign a lease for a renter that has bad credit pay the monthly rent for them and then let the renter pay them?
Better yet, you should try to rent privately or get a credit-worthy roommate and absolutely pay on time to build up your rating. Often, though, the rental management companies are selective about what they consider bad, so you may be able to rent a place that is less than 1/3 or your income.
