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Can you get a used car loan while you are on chapter 13 bankrupty?
Wiki User
∙ 10y ago
Highly doubtful.
Wiki User
∙ 10y ago
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What is the main difference between a commercial loan company and a personal loan company?
The main difference is that only a business can receive a commercial loan, and only an individual can receive a personal loan. Also, a commercial loan can only be used for business purposes, while a personal loan can be used for anything.
What is the waiting period for applying for a home loan after chapter 7?
If a conforming lender (better rates) is used, usually about 2 years. If a non-corming lender is used (not so good rates), one day. The difference in these two types of lenders will depend on your credit score at the time of application and the loan-to-value of the loan you are applying.
Is it possible to refinance your home while in chapter 13?
Yes, it is possible to refinance your home while in an open Chapter 13, if your credit score meets the company's requirements. Also, a max 80% loan to value on your equity will be used to make sure you have enough money in your home to cover closing costs. There are also programs available that do not have score requirements and also allow you to payoff the remaining balance. If you need assistance go to www.1800PFG.com.
Where can one apply for a used auto loan?
There are several places where one can go to apply for a used auto loan. While one can go to a trusted financial advisor to apply for a used auto loan, there are also numerous websites available. Some of these websites include Capital One, Bank of America, and Nationwide.
What exactly is a easy student loan?
This is most likely a term used by loan companies whenever they give a student a loan in a matter of days. Be careful what you get into though. While it may seem good to be able to get a quick loan, interest rates can be very high at times.
What are home improvement loans used for?
A home improvement loan is used to help with remodeling and improving you house. Some house have minor things to be done so they don't require a large loan, while others may require a major amount of work and a larger amount on the loan.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Will the same bank used in bankruptcy issue a persoanal loan?
While you are a bankrupt you can not legally take out a personal loan. Further before issuing you with a loan (even after your bankruptcy has cleared) all banks will perform credit checks and they will probably refuse you credit (the loan) on the basis of your history.
How soon after filing a chapter 7 can someone take out a loan to purchase a car?
It used to be with a chapter 7, that you could go out as soon as your bankruptcy was discharged and get credit. In fact, you'd get credit card offers all the time. Not so much now with the economy the way it is. You should still be able to find some sub-prime auto financing, but be prepared to pay high interest rates for a while.
What are the average interest rates on a loan?
The average interest rates on a loan depend on a large variety of factors. One factor is the purpose of the loan, a student loan averages 4% interest while a used car loan averages closer to 8%. Another factor is the term length of the loan, a 30 year mortgage loan averages 4.5% interest while a 15 year mortgage averages 6%. Also a factor in determining interest rates would be the borrower's credit rating. A person with a good rating might be able to obtain a 7% personal loan while a person with bad credit might average a 12% rate.
Is a pioneer military loan the same as a GI Bill?
A pioneer miliary loan can be used for student loan debt and personal debt. A GI Bill is a benefit military personel can use to pay for college tuition and room and board while attending college.
Can loan be used as a verb?
Yes, "loan" can be used as a verb. It means to lend something to someone for temporary use, especially money. For example, "I will loan you my car for the weekend."
