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It depends on many factors including income, length of job, time at residence, debt to income, and payment to income. Banks want to see stability as in your job and residence time. Also they want to see that you have the ability to pay. For example to make it easy.... you make $4000 a month but your credit report shows you have $2500/month in payments and you pay $500 for rent. Your debt to income is 75%. That means a bank sees you have 1000 dollars a month to play with. Not 4000. Banks don't like to go over 50. Also PTI payment to income. Banks like to stay under 18% usually. So take how much you make a month and times that by 18%,,,, that's how much of a payment they say you can afford. Theres much more but without seeing a credit report, I cant help. If anyone would like please email me plague@infoblvd.net. Experienced Finance Manager
What else can I help you with?
How can one get an aeasy personal loan?
One can get a easy personal loan by having excellent credit. Excellent credit allows banks to trust you and they know you will pay them back, so have good credit to get a loan.
When cosigning for someone does the bank notify you on the borrowers credit affairs?
Get fast approval for auto finance loan and Auto Loan Financing including bad credit auto financing. Instant auto financing loan provides financing for a new auto loan and used auto loan even if you have bad credit, poor credit, slow credit or after bankruptcy. Our bad credit auto financing programs is available in all 50 US stats. Get the detailed information about your doubt at http://www.autofinance-ez.com/
How can one get a bad credit auto loan?
If one has a poor credit history, there are still a few options for auto loans. One can negotiate a loan with their current financial institution, or obtain a loan from lenders such as Auto Credit Express or Valley Auto Loans.
Does your credit score affect your auto loan rate?
Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.
Is the closed auto loan showing on my credit report?
To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.
Does an auto loan rewrite hurt your credit?
I think yes....the auto loan rewrite can hurt your credit
What are the fees you have to pay when buying a car from a dealership?
Get fast approval for auto finance loan and Auto Loan Financing including bad credit auto financing. Instant auto financing loan provides financing for a new auto loan and used auto loan even if you have bad credit, poor credit, slow credit or after bankruptcy. Our bad credit auto financing programs is available in all 50 US stats in http://www.autofinance-ez.com/
How can one get an aeasy personal loan?
One can get a easy personal loan by having excellent credit. Excellent credit allows banks to trust you and they know you will pay them back, so have good credit to get a loan.
When cosigning for someone does the bank notify you on the borrowers credit affairs?
Get fast approval for auto finance loan and Auto Loan Financing including bad credit auto financing. Instant auto financing loan provides financing for a new auto loan and used auto loan even if you have bad credit, poor credit, slow credit or after bankruptcy. Our bad credit auto financing programs is available in all 50 US stats. Get the detailed information about your doubt at http://www.autofinance-ez.com/
Are there penalties for prepaying a bad credit auto loan?
There are no penalties for prepaying a bad credit auto loan. It is beneficial to pay off the loan sooner or on time.
How can one get a bad credit auto loan?
If one has a poor credit history, there are still a few options for auto loans. One can negotiate a loan with their current financial institution, or obtain a loan from lenders such as Auto Credit Express or Valley Auto Loans.
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.
What is the credit score you need to get a auto loan?
the acurate auto loan you need is at least 750
How can one get a auto loan refinance with a bad credit?
One can get an auto loan refinance with bad credit from several providers of this type of loan from such companies as, Road Loans, Get Me Car Finance and Midland Credit.
Does your credit score affect your auto loan rate?
Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.
Where is a good auto loan calculator?
There are several excellent auto loan calculators online. I suggest that you check out Edmunds for their loan calculator,which can be found and used online. It is an excellent source, and I highly recommend it.
Is the closed auto loan showing on my credit report?
To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.
