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What else can I help you with?
Where can a person get a used card loan when they have bad credit?
You can get a used car loan (no such thing exists as a used card loan) from places like a used auto dealership. However, your monthly payments will be a lot higher than someone with good credit.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Do you need a credit card in order to finance a car?
No, you do not need a credit card to finance a car. Auto financing typically involves a loan from a bank or financial institution, which is separate from a credit card. Your credit history and score will be important factors in securing a car loan, but a credit card is not required for this process.
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the?
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the other is 527.
What provides collateral to secure a car loan?
car
Will a credit report tell you your debt to income ratio?
No. To calculate your debt to income ratio, add up you total monthly bills (only the bills that will report to the credit bureaus like credit card payments, car loans etc. , do not include the utilities, cell phone bills, insurance etc.) Take your monthly payments and divide them by you monthly income, this will give you the debt ratio. If you owe less than 10 months on an installment loan, most banks will not count that in your monthly debt. (An installment loan is like a car loan...somethingthat eventually you will payoff. Not like a credit card, this is a revolving debt you can payoff and use it again
Is it bad to apply for a credit card before a 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.
Can you buy a car with bad credit?
Possibly, but if someone lets you, I wouldn't. Interest rates will be outrageous.ANSWERyour monthly income should more than $1600.get stable employment at the same place for 6 months or more.a previous car loan on your credit card can help so taken copy of previous car loan record with you while applying for a car loan.
How can I use my credit card to pay off my car loan?
You can't directly use a credit card to pay off a car loan. However, you can use a balance transfer credit card to transfer the car loan balance to the card, but this may come with fees and high interest rates. It's important to carefully consider the implications before making this decision.
Should you close a credit card before getting a car loan?
NO
Which of the following is an example of secured debt?
credit card
What is a loan amortization in reference too purchasing a car on credit?
When purchasing a car on credit, a loan is obtained and the loan is paid off over time. For example, a car loan paid off over 5 years, with monthly payments, is considered to amortized over 5 years.
