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Depends upon your debit, to income ratio, but, yes. It is possible.
Hollis Langosh
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Can you get a car with an open car loan already.?
Depends upon your debit, to income ratio, but, yes. It is possible.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
What is a pre-approved car loan?
A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.
Can your grandmother co-sign a car loan if she already has one?
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Can I apply for a car loan on a car I already own the car?
You can get a title loan. These usually have high interest rates and are not a great deal of money. yes i think its called a log book loan they give you wat they think the car is worth.
Can a loan company put a lien on your car if its not paid off?
If the vehicle was put as collateral for the loan, there already is a lien on it.
Is it illegal to use a financed vehicle as collateral on a loan?
It is not illegal to use a financed vehicle as collateral for another loan, but it's important to check your financing agreement to ensure there are no restrictions. Additionally, defaulting on the new loan could put your vehicle at risk of repossession by the lender.
The Right Time to Take Credit?
Believe it or not, there is a right time to take credit or a loan, and it is precisely when you do not need it. Starting a business with a loan is only right when you already have the money to start that business without the loan anyway. You can then secure that loan with the money that you already have stored away and have more leeway with your finances. In the same way, taking a loan for a house or a car, especially a car, is best done secured. Have the money already set up in cash, then take the loan against the savings.
Car loan and the payment is too high can you keep your loan but get a cheaper car?
That would depend on how much you owe on this car. You need to contact the lender and see what can be worked out. Do not allow this car to be repossed. That would compound and already bad situation.
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
Creditor is not reporting a car loan that is paid in full to bureaus How can you request this?
I just did this on my own crdit report. Just go to each of the credit bureaus, open a free investigation regarding the closed nature of the car loan and the fact that it remains "open" in their report. They will investigate and should convert the open account to a "paid and closed".
