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Right now- the only drawback is the worse your score, the more interest and the more the down payment needed. Generally if you are lower than around 640, dealers expect you to pay at least dmv and the taxes, so it's not coming out of their pocket (understandably) Most smaller lots will carry the rest if you have income and have been on the job for 6 mos, etc, but interest will obviously not be a prime loan. You may also be limited as far as selection. many places specialize in bad credit but don't have all the choices of other lots. You may have to go to an independent vs a large one banner dealer or get a co signer for something brand new. Got to have that down though for a lower score and if it is still on your report, your score is bound to be lower.
What else can I help you with?
Can a 17 year old qualify for an auto loan?
Yes, a 17-year-old can qualify for an auto loan with a co-signer who is of legal age and meets the lender's requirements.
Can you claim auto loan on your taxes?
yes
What are some benefits of an FHA home loan refinancing?
There are several benefits of an FHA home loan refinancing. An FHA home loan is one of the easiest to qualify for. If for some reason you decide to sell your home, the buyer of your home can then take on your loan, leaving you with less money to pay in the end. This is called being assumable. Even if you have filed bankruptcy or have gone through a bankruptcy, you can still qualify for most FHA home loans.
Can you get a derement on your auto loan if you are in chapter 7 bankruptcy?
In Chapter 7 bankruptcy, you cannot directly obtain a deferment on your auto loan; however, you may have options to deal with your car payments. The bankruptcy process may allow for the discharge of certain debts, including the possibility of eliminating the loan if the vehicle is not essential. Alternatively, you might negotiate with your lender for a payment plan or reaffirm the loan, which could lead to more manageable payments. It's advisable to consult with a bankruptcy attorney to understand your specific options.
Can i claim bankruptcy on my car loan if I'm not behind on payments?
Bankruptcy is not claimed on individual loans, a bankruptcy involves all your debt. The fact that you are current on your car loan may make it easier for you to negotiate with the lender for the continued ability to pay for your car but it doesn't mean that you get to have it for free. The same is true of a home loan.
How might one qualify for an auto loan with bad credit?
One might qualify for an auto loan with bad credit by applying for dealer financing. It is best for one to know their credit score before applying for an auto loan.
Can you qualify for an auto loan with no drivers license?
yes you can get a auto loan without a license but you can not get auto insurance with out one and you can't complete the loan closing without insurance.
Can a 17 year old qualify for an auto loan?
Yes, a 17-year-old can qualify for an auto loan with a co-signer who is of legal age and meets the lender's requirements.
Your ex has filed bankruptcy and you are a cobuyer on the auto loan what will happen now?
You will be responsible for the loan payments
Can you claim auto loan on your taxes?
yes
Does filing bankruptcy decrease the chances of you obtaining a home or auto loan?
Absolutely.
Bankruptcy Auto Loans- Buy the Vehicle You Want?
Consumers looking for a way to get an auto loan with a bankruptcy on their record may consider payday loans to meet their needs. Payday loans are unsecured loans meant to help out those who need cash fast, and who do not have a good credit score. These loan companies do not check their customers credit score, and even a repossession or bankruptcy will have no bearing on the eligibility of the loan. For those looking to get an auto loan when dealing with a bankruptcy, a payday loan my be the type of company that can really help out.
Auto Co-signer files bankruptcy does primary have to keep the loan?
The loan becomes at worst like a single-signer loan. You are free to refinance or pay it off. Which you were, anyway. The only entity affected by the bankruptcy of a cosigner on a loan is the lender.
What are some benefits of an FHA home loan refinancing?
There are several benefits of an FHA home loan refinancing. An FHA home loan is one of the easiest to qualify for. If for some reason you decide to sell your home, the buyer of your home can then take on your loan, leaving you with less money to pay in the end. This is called being assumable. Even if you have filed bankruptcy or have gone through a bankruptcy, you can still qualify for most FHA home loans.
Where can one get a bankruptcy auto loan?
Most banks will not offer auto loans for people who are facing bankruptcy. It is a very bad idea for a bank to offer any kind of loan to someone who cannot pay it back.
Can i claim bankruptcy on my car loan if I'm not behind on payments?
Bankruptcy is not claimed on individual loans, a bankruptcy involves all your debt. The fact that you are current on your car loan may make it easier for you to negotiate with the lender for the continued ability to pay for your car but it doesn't mean that you get to have it for free. The same is true of a home loan.
How do you qualify for a car loan?
To qualify for an auto loan you will need a job that pays well enough that you can afford the payment and be on the job for a while, usually one year or longer. Additionally you will have to have some decent credit.
