If you have good credit, a good paying permanent job, and no other liabilities, you should just go to a bank or auto dealer and apply for the loan. Do not do business with any finance company, or a place that caters to people with bad credit. If you can't get a loan, then purchase a car you can pay cash for and work on building up good credit.
In the UK you would need to find a guarantor. Someone, such as your parents that would guarantee to make the payments and become liable for the loan if you defaulted.
I don't think you should have much problem getting a $20k car with $10k down payment. Most car salesmen dream about people like you! Just make sure you get the best deal you can!
The first responder brings up a good idea. Don't go to "bad credit" places and get a loan there if you are unable to get one at a bank/credit union. You should be able to get a 20k car if you have 50% downpayment and a steady job. However, if you go to a bank/credit union and they decline you, consider asking if you can get a loan for a lesser amount (closer to 10k) while using the downpayment as collateral on the loan. In other words, getting a 10k car while using your 10k as collateral against it. It may sound dumb, but it's a great way to build credit for future purposes.
If it was me, I'd just pay cash for a car at 5k or so and use the other 5k to save up for a better car. You'd be surprised how enjoyable it is to be able to go to a car dealership a few years from now and pay cash for a 20k car :D
If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.
The best thing for a college student in credit card debt to do is to contact a debt consolidation company to help workout a payment plan that the student can afford.
As long as loan stays current, credit & other obligations irrelevant.
credit payment safe batch
No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.
The web site, www.chargesmart.com, lets you use a credit card to pay for auto loans and leases, mortgages, utilities, and student loans.
Penalties you can face when not paying your student loan payment on time are late fees, if a loan is turned over to a collection agency you can incur collection fees. You are also reported to the credit bureaus which can adversely affect your credit rating, in some cases causing you to have difficulty obtaining credit for purchases such as a car or home or other financial loans.
Letter of Credit payment
Faster payment credit Faster payment credit
Consolidation of student loans offers the opportunity to reduce interests costs and loan payment simplification. Having to deal with multiple lenders can be confusing and can cause mistakes in payment that would adversely affect credit ratings.
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.