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A good credit quite helpful to get financing for a used car loan, this will help ensure approval as well as a lower rate. It is not completely necessary as some companies will offer loans regardless of credit.
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Can you finance a used car with no credit?
Definitely you can finance a used car with no or bad credit. Actually it is very easy these days. The reason is most of the used car dealers and used car finance offer it because your used car is a collateral until you pay off the loan.
What are some consumer finance companies?
A finance company is typically used by those who have bad credit or no credit and therefore cannot get a standard loan. Some examples are Wells Fargo Financial and 2nd Chance Finance.
How does a used car sale make a profit if they finance people with bad credit?
A used car sale makes money because they always charge a certain amount of interest when they finance the cars out. That is a very good way for them to make almost what they lease them out for.
Where can one find good equity credit?
Good equity credit depends on ones credit rating. One can check the going rates at the following places. Zillow, Citizens Bank, Bank of America, Quicken Loans, Capitol Finance and Bank Rate. All of these have an online presence and can be used to compare rates and services.
Finance calculator calculating credit score?
A finance calculator is used to calculate payments, determine interest rates and to solve for the present or future value of a loan. A good article on how to use one can be found here. http://www.ehow.com/how_2049322_use-financial-calculator.html
Is credit good or bad?
Credit is good because it allows businesses and countries to finance current projects and pay in the future. Credit is also good because it allows working families to get a mortgage and pay for their house over a number of years. Credit is bad when it is used for greed i.e. companies that charge too much interest. Or when it blinds people into buying things that they could have saved for, like shoes or a holiday.
Does one's Debt to Income Ratio affect the refinancing of a home?
Yes. Your debt to income and available credit ratio is used to determine your credit score. You credit score is an indication to the finance company of your credit-worthiness.
Trade credit may be used to finance a major part of the firm's working capital when?
the firm extends less liberal credit terms than the supplier.
Which finance companys use experian?
Experian is one of the most widely used credit bureaus. Almost all financial institutions use Experian as a source of credit information.
How do you get a car loan and finance a car with limited credit and no cosigner and no down payment?
Hi I used to work in Creditplus car finance last year. They are guaranteed car finance even if you got bad credit history and their car loans were low rates. I think their web site is http://www.creditplus.co.uk Wish my answer will help. Thanks
How can a home equity line of credit be used to refinance a loan?
Home equity line of credit is often used to provide funding for on going expenses such as repairs and replacements that are a necessity. Refinancing is a tricky business and advice should only be sought from qualified and experience finance professionals. It's advisable to speak to your personal bank manager to determine the best refinancing solution for your needs. This is because much will depend upon your current level of debt, assets, amount required to be paid and finance terms.
If you have been approved Ford credit and want to buy a used car off of a Ford dealer and it is not a Ford will they finance it?
Yes Ford Credit will Finance Non-Ford vehicles. If the dealer told you they won't it may be beause that brand has their own financing company also to go through.
