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Would I be able to get normal interest rates on a vehicle if I filed chapter7 in 2003 and my credit has risen to 631 so far and still going up?
Wiki User
∙ 16y ago
More than likely you will get normal rates. Your credit score and debt-to-income ratio are the most important things when determining your creditworthiness and what interest rate you will get. The bankruptcy itself doesn't directly influence your interest rate, it just influences your credit score, and if your credit score is already 631 then you probably have nothing to worry about. Bankruptcy is usually a big enough factor in the credit score to affect car purchases for around 12 to 15 months after the bankruptcy case is over, and affects mortgage acquisition for about 2 years after the case is over. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
Wiki User
∙ 16y ago
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What is the normal interest rate for an unsecured loan?
Interest rates for unsecured loans vary depending on one's credit rating and where the loan is obtained. Interest rates start at 6.9% for borrowers with excellent credit and income and can go upwards of 30% for those with poor or no credit or unstable income.
Where can one find low interest credit cards?
Low interest credit cards can be found all over the world, but are most common in western countries such as the United States, UK, Germany and Austria. Just as normal credit cards they usually inhabit purses and wallets of middle to high income people. Alternatively low interest credit cards can be found simply by using the webpage nerdwallet, which will allow users to search for and compare offers from credit card companies.
What is a normal credit score?
a normal credit score is in the range of 700
How does the interest rate for a bad credit debt consolidation loan differ from a regular small bank loan?
The interest rate for a bad credit debt consolidation loan differs from a regular small bank loan because the interest rate for the bad credit debt consolidation loan would be higher. The rate would be higher due to the fact that the one receiving the loan would pose a risk because they have bad credit and obviously had not been good with payments or something in the past. The regular small bank loan would be for those who have good credit, so the interest rate would be normal or lower.
What does it mean if your loan payment is overdue?
If your loan payment is overdue, you will be charged interest that is higher than normal. You may also be charged a late fee and hurt your credit rating.
Is interest earned a debit or credit?
All earnings and revenues has credit balance as normal balance so interest earned also has credit balance as default normal balance.
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
Is bank interest payable credit or debit?
All kind of payables have a credit balance as a default or normal balance. So by following this rule, bank interest payable also has a credit balance as normal balance.
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
What is the normal interest rate for an unsecured loan?
Interest rates for unsecured loans vary depending on one's credit rating and where the loan is obtained. Interest rates start at 6.9% for borrowers with excellent credit and income and can go upwards of 30% for those with poor or no credit or unstable income.
Are there any differences in military credit cards over normal ones?
There is very little difference between a normal credit card and military credit cards. These cards can be used in the same way as normal ones, and will also have specific credit limits applied. The main difference with a military card is that the interest rates are usually lower than regular credit cards.
What does a low interest rate credit card do?
When something has low interest, that means basically that the payer of that interest doesn't have to pay much. A low interest rate on a credit card basically does the same thing- it gives the card holder a low interest rate over time than a card holder with a normal rate.
What is the meaning of vehicle control in Biological experiment and how it is different from the normal control?
A vehicle control is what the treatment/substance of interest is administered in. E.g, a hormone of interest is within a PBS solution and this is injected into the test group. Giving just the vehicle is to show that the response seen is due to the treatment being tested and not the solution it is in.
Where can one find low interest credit cards?
Low interest credit cards can be found all over the world, but are most common in western countries such as the United States, UK, Germany and Austria. Just as normal credit cards they usually inhabit purses and wallets of middle to high income people. Alternatively low interest credit cards can be found simply by using the webpage nerdwallet, which will allow users to search for and compare offers from credit card companies.
Is interest expense decreased with a debit?
Interest expenses has debit balance as default normal balance so debit don’t decrease it rather increase it and to reduce it credit is required as it is opposite of it.
What is a normal credit score?
a normal credit score is in the range of 700
How does the interest rate for a bad credit debt consolidation loan differ from a regular small bank loan?
The interest rate for a bad credit debt consolidation loan differs from a regular small bank loan because the interest rate for the bad credit debt consolidation loan would be higher. The rate would be higher due to the fact that the one receiving the loan would pose a risk because they have bad credit and obviously had not been good with payments or something in the past. The regular small bank loan would be for those who have good credit, so the interest rate would be normal or lower.
