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It's not a credit CARD rule. It's a car loan rule.
20% down.
No more than 4 years to pay off the car.
No more than 10% of your income needed to pay principal, interest and taxes.
If you can meet those four tests, you can probably afford the car loan.
But you can save yourself a lot of money and hassle if you pay cash for the car. You probably will pay less for your car if you do that, too. It's amazing how many options aren't worth the money when you pay cash, that they try to sneak on the basis that it's only $5 a month more. You'll probably buy a 'new old stock" car as well - a leftover from the previous model year that they never sold. The price really goes down on them.
What else can I help you with?
What is the significance of the 30 credit card rule when it comes to managing personal finances?
The significance of the 30 credit card rule in managing personal finances is that it suggests keeping the total number of credit cards you have to around 30 or less. This rule helps prevent overspending, simplifies tracking expenses, and reduces the risk of accumulating excessive debt.
How can a teen get a credit card with no credit?
a prepaid credit card
If you have a credit card you never use is it better for your credit rating to cancel the card or to just keep the account open but unused?
The answer to this question depends on your overall credit scenario and your specific goals. Having a unused credit card account can damage your credit over time. It might be a good idea to cancel the card if you don't plan on getting a loan. The rule is, only get additional credit if and only if you need it! Why don't you charge something like 5 bucks on that card every month to keep it active?
Can credit card images be personalized?
Credit card images can be personalized depending on your credit card issuer. Most credit card issuers offer a service for credit card personalization for a fee.
What is a secured credit card?
a credit card that is secured by a deposit of your own money
Can the IRS insolvency rule be applied toward credit card settlements?
Yes. If you are insolvent at the time a credit card debt is forgiven, the cancelled debt may not be taxable as income.
What is the significance of the 30 credit card rule when it comes to managing personal finances?
The significance of the 30 credit card rule in managing personal finances is that it suggests keeping the total number of credit cards you have to around 30 or less. This rule helps prevent overspending, simplifies tracking expenses, and reduces the risk of accumulating excessive debt.
Are you responsible for fraudulent credit card charges?
As a general rule, . The federal government mandates that you can be held liable for only $50 of unauthorized charges, and many credit card companies even waive that. This is if the credit cards were stolen. What may be the sticky point
How can a teen get a credit card with no credit?
a prepaid credit card
What is credit card pos?
credit card pos = credit card point of sale.
Can credit card images be personalized?
Credit card images can be personalized depending on your credit card issuer. Most credit card issuers offer a service for credit card personalization for a fee.
If you have a credit card you never use is it better for your credit rating to cancel the card or to just keep the account open but unused?
The answer to this question depends on your overall credit scenario and your specific goals. Having a unused credit card account can damage your credit over time. It might be a good idea to cancel the card if you don't plan on getting a loan. The rule is, only get additional credit if and only if you need it! Why don't you charge something like 5 bucks on that card every month to keep it active?
What is a secured credit card?
a credit card that is secured by a deposit of your own money
What kind of credit cards does First PREMIER Bank offer?
First PREMIER Bank has a standard credit card. They also have a gold credit card, a classic credit card, a PREMIER Possibilities credit card, a PREMIER Forward MasterCard credit card, and a secured credit card.
Where to pay goodys credit card online?
goodys credit card,is it a credit card are a line of credit at there department store
Is credit card specific noun?
No, credit card is not a specific noun. A store credit card or bank credit card are specific; Macy's Card or Master Card are more specific nouns.
Where would I get information on applying for a platinum credit card?
A platinum credit card is a credit card which usually has a higher than usual credit limit. Also it has more advantages than a standard credit card or a gold credit card.
