Get a job and save for it.
First of all make some good credit score by getting a job or any types of earnings.
A car loan is a secured loan. If you don't pay the car loan, the lender can repossess the car. A personal loan is a loan based on your credit worthiness as judged by credit reporting agencies like Equifax. This "credit rating" is usually based on a FICO score, which views a variety of factors such as credit experience, lines of credit outstanding and payment history with other companies.
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
any credit line that you have- credit card, car loan, mortgage and student loan
Your car loan may not be showing on your credit report because the lender may not have reported the loan to the credit bureaus yet. It's important to check with your lender to ensure they are reporting your loan information accurately to the credit bureaus.
Your car loan may not be showing up on your credit report if the lender has not reported the loan to the credit bureaus yet. It's important to check with your lender to ensure they are reporting your loan information accurately to the credit bureaus.
Nothing is published on what credit score you must have to obtain a car loan. There is information about having a high score means getting a better rate on your car loan.
Applying for a credit card before a car loan can potentially lower your credit score temporarily due to the hard inquiry on your credit report. This may affect your ability to secure a favorable interest rate on the car loan. It's generally recommended to apply for a car loan first if that is your priority.
Yes you will. You will definitely need some good credit if you want to get a collector car loan. If you do not have good credit, you will not get the loan.
No.
Your car loan may not be showing up on your credit report because the lender may not be reporting the loan to the credit bureaus. It's important to check with your lender to ensure that they are reporting your loan information accurately to the credit bureaus.
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
When one is trying to get a car loan, the importance of the credit score is mostly important when calculating the interest of the loan. A better credit score means a lower interest rate.