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Can you still buy a car with a credit score of 529 and have one loan out now?
Wiki User
∙ 11y ago
As a former loan officer for several car delaerships, i have submitted many applications to the banks including less than perfect credit. With a 529 score, i can tell you it would be very difficult to get approved. The reason for attempting to purchase a second vehicle would likely have to be justified by stating it would preferrably be for a spouse or child. You would likely have to add the other person to the application and hopefully their score would not be lower than yours and you would need a substantial down payment. The more, the better your chances would be of getting approved. Expect a high interest rate as well.
Wiki User
∙ 11y ago
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What kind of credit can I get if I have a credit score of 529?
With a credit score of 529, one will not be able to get any prime or near-prime credit unless one obtains a co-signer with a notably higher credit score. The options available for one with a credit score of 529 include the following: * Subprime mortgage (at a very high interest rate) * Payday loans (at a very high interest rate) * Secured credit card (secured by a deposit, will help build credit score with ontime payments) * Auto title loan (if one owns the car and there is a reasonable amount of value in that car)
Is 529 a bad credit score?
yes
Can you still buy a car with a credit score of 529?
Sure - however, another consideration to auto loans is ones 'Debt to Income Ratio'. Even with a perfect score of 850 (extremely rare to have) if your current debts equal over 60% of your income, you may not get the loan. Debt to income relates the borrowers ability to repay, taking into consideration that the borrower will surely pay for his mortage and utilities before making the car payment, if he/she had a choice in the matter.
Your credit score is 680 can you get a apartment with that?
I know this does not answer the question. But, I'm hoping 'yes' for you today. I have a poor score of 529 because of mainly 'relationship disfuntion'. Now I'm receiving a child and I'm hoping to repair this as fast as possible. I'm hoping apartment 'bizzez' check more for criminal than creditial buying abilities. Anonomiss :)
What information can you give me on a 529 savings plan?
529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.
What kind of credit can I get if I have a credit score of 529?
With a credit score of 529, one will not be able to get any prime or near-prime credit unless one obtains a co-signer with a notably higher credit score. The options available for one with a credit score of 529 include the following: * Subprime mortgage (at a very high interest rate) * Payday loans (at a very high interest rate) * Secured credit card (secured by a deposit, will help build credit score with ontime payments) * Auto title loan (if one owns the car and there is a reasonable amount of value in that car)
Is 529 a bad credit score?
yes
How many points will a chapter 7 bankruptcy reduce your FICA of 529?
FICA = social security taxes. FICO is your credit score. There is no way to tell how many points your score will go down. With a low of 529 your score may tumble less than someone with a much higher score pre-bankruptcy.
Can you still buy a car with a credit score of 529?
Sure - however, another consideration to auto loans is ones 'Debt to Income Ratio'. Even with a perfect score of 850 (extremely rare to have) if your current debts equal over 60% of your income, you may not get the loan. Debt to income relates the borrowers ability to repay, taking into consideration that the borrower will surely pay for his mortage and utilities before making the car payment, if he/she had a choice in the matter.
How is IL 529 related to education?
The IL 529 is a prepaid tuition program offered by the state of Illinois. There are several different plans to choose from and the Illinois 529 is also an excellent way to get a tax write off or credit.
How many goals did ovechken score in nhl?
So far he has made 269 goals and scored 529 points.
Your credit score is 680 can you get a apartment with that?
I know this does not answer the question. But, I'm hoping 'yes' for you today. I have a poor score of 529 because of mainly 'relationship disfuntion'. Now I'm receiving a child and I'm hoping to repair this as fast as possible. I'm hoping apartment 'bizzez' check more for criminal than creditial buying abilities. Anonomiss :)
Should you continue contributing to a 529 plan when a student is in college?
If the student has financed part or all of college with a loan that doesn't accrue interest until after they graduate, such as a Perkins or subsidized Stafford Loan, and you have a reasonable expectation that the 529 will continue to grow tax free and/or you are getting a tax benefit, then yes. At graduation, the student will apply those funds to the loan. Granted, we aren't talking about large gains here and there are a lot of "ifs" in this answer.
What is 529 divisible by?
The positive integer factors of 529 are:1 23 529
What are the prime factors of 529?
prime factor of 529 = 2323 * 23 = 529
What can 529 divide into?
The multiples of 529.
What is the fraction for 529?
529/1
