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If you have a car loan in your name from a credit union will it affect your ability to get a loan for a second car from a dealership?
Wiki User
∙ 8y ago
ALL loans affect your Credit Rating. Some good and some bad.
All existing accounts are also used to calculate your "debt-to-income-ratio" (DTI). This is the percentage of your income that you pay out in bills. This number has to be an acceptable number to the lender before they will close a new loan.
Wiki User
∙ 8y ago
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Is it legal for a car dealership to run your credit without your approval I did not provide them my SS number I have no idea how they got it?
There are two different types of credit inquiries. One is when you request that a potential creditor run your credit in order to obtain some type of credit offer. This type requires you to approve the credit check and may ultimately affect your credit score. The second is a general review that many larger credit offering organizations pay to have access to. This type is the kind that you do not have to approve and do not affect your credit score. I would figure out which type the company performed. If it was the first type, you have reason to contact the credit reporting bureau to begin an investigation at no charge.
Does wife credit card affect husband?
If a spouse has a credit card in their own name & the other spouse isn't listed on it, bad credit won't affect the second spouse. But, if you both apply for a loan or other credit - the credit bureau will check both parties credit reports.
Does it hurt your credit to take out a second mortgage?
Taking out a second mortgage can affect your credit score, but it depends on how much of your available credit you are using. Like with a credit card, people who are closer to their borrowing limit are less favorable to banks than people with a lot of credit available.
Can adding a second card holder to your credit account affect your credit score?
Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.
If there is a lien on a house but someone else is on the 2nd mortgage does it affect their credit also?
yes, only if the second mortgage does not get paid.
Can someone with a mortgage get another mortgage to buy a second house?
If they have good credit and the ability to repay. Most people who own multiple homes have multiple mortgages.
Does a second credit card holder receive a credit card?
Yes, a second credit card holder has his/her credit card also but of course, they are just under the primary card holder.
The primary card holder has good credit scoring and applies for a credit card but the second card holder has defaults will it affect the application?
It depends. If the second person is just an authorized user, meaning. they are not the responsible party for paying the account. You would only put the primaries social security number, income, and job information on the paperwork. If you put the secondaries private information on the application then it would affect the application.
Can co-signing a car loan affect your chance of getting a home loan?
Yes, it can affect your credit in a few ways. First, it will affect your debt to income ratio which banks consider. Could you afford the car payments on your own? Second, but not the least important, is that people who need a co-signer have poor credit and poor payment histories. They are apt to lapse in their payments and that will affect your credit score unless you pick up the slack. The best advice is that you absolutely do not co-sign on another person's loan.
What is the normal rate for a house each month in Florida?
There are alot of factors that affect an interest rate: Your credit score The lender Are you a 1st time homebuyer, second home purchase, or an investment The market at the time... Wanda Improve Credit, LLC
How does a second mortgage lean on a house effect a credit rating?
Is the questioner asking about having a 2nd mortgage on his house, which WOULD show up on his credit records? Or are we talking about the 2nd mortgage holder filing a lien against his property for non-payment? Actually the answer to both is the same. Any actions taken involving credit transactions WILL show up on a credit bureau reportsand will affect his credit standing.
What increases a solvents ability to dissolve a solute?
1. Quantity 2. Temperature 3. Dissolution method First, the quantity of the solvent will affect solubility. Second, the temperature of the solvent will affect solubility. Third, the method of dissolution such as by shaking, stirring, sonics, or just letting it sit will affect solubility.
