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Your chances should be ok, because a new car credit requirement should be score 650 or higher. And it usually takes 12 month for you to rebuild your credit. So check your score, you may qualify for a new car.

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15y ago

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How can I increase my chances of getting a house loan approval?

To increase your chances of getting a house loan approval, you can improve your credit score, save for a larger down payment, reduce your debt-to-income ratio, and provide all necessary documentation accurately and promptly. Additionally, maintaining stable employment and income can also boost your chances of approval.


How can I increase my chances of getting a home loan approval?

To increase your chances of getting a home loan approval, you can improve your credit score, save for a larger down payment, reduce your debt-to-income ratio, and provide accurate and complete financial documentation to the lender. Additionally, maintaining a stable employment history and avoiding major financial changes before applying for the loan can also help improve your chances of approval.


What is the importance of making a down payment on a loan often?

Making a down payment on a loan is important because it reduces the amount of money you need to borrow, which can lower your monthly payments, decrease the total interest paid over time, and improve your chances of getting approved for the loan.


How can I use land equity as a down payment for a new property purchase?

You can use land equity as a down payment for a new property purchase by getting a land appraisal to determine its current value, then using that value as part of the down payment when applying for a new mortgage. This can help reduce the amount of cash you need to put down upfront.


What are the chances of you qualifying for a mortgage?

Those chances depend on your personal circumstances such as:employment historyincomelength of employment at present employerother debtscredit recordcost of the propertycondition of the propertyability to pay a down payment

Related Questions

How can I increase my chances of getting a house loan approval?

To increase your chances of getting a house loan approval, you can improve your credit score, save for a larger down payment, reduce your debt-to-income ratio, and provide all necessary documentation accurately and promptly. Additionally, maintaining stable employment and income can also boost your chances of approval.


If payment on a current liability?

Payment On Current Liability Debit The Current Liability (say Sundry Creditor) (Liability Decreases) Credit Cash Or Bank (Current Asset Decreases)


What is consequences of missing?

You'll have to be more specific in your question as to what has, will, or might be missed. For example, the consequences between missing a payment and missing a period are vastly different.


Is there a period of coverage for car insurance after missing a payment?

30 Days


How do you write a letter to bank to stop payment in missing cheque?

Well, darling, writing a letter to the bank to stop payment on a missing check is as easy as pie. Just start by addressing the bank manager, explain the situation briefly, provide details about the missing check, and request for the payment to be stopped. Don't forget to include your account details and contact information for good measure. Happy writing, sugar!


How can I increase my chances of getting a home loan approval?

To increase your chances of getting a home loan approval, you can improve your credit score, save for a larger down payment, reduce your debt-to-income ratio, and provide accurate and complete financial documentation to the lender. Additionally, maintaining a stable employment history and avoiding major financial changes before applying for the loan can also help improve your chances of approval.


Can repossesion take place after missing 2 payments?

Reposession can take place after one missed payment. It all depends on how much you owe vs the bluebook value of the car. If you owe 100 on a 12k loan chances are you wont get repo'd more just like getting a call about it. If you ever late or know your going to be late just simply call the loan company and tell them when you will make payment more than liekly they are more than willing to work with you.


What is the importance of making a down payment on a loan often?

Making a down payment on a loan is important because it reduces the amount of money you need to borrow, which can lower your monthly payments, decrease the total interest paid over time, and improve your chances of getting approved for the loan.


What is the time span of a late payment until your vehicle will be repossessed in the state of North Carolina?

As many as your finance agreement specifies.


The payment of a current liability will?

increase working capital


A firm has a current assets of 800000 current liabilities of 600000 The firm uses 200000 of its cash balance to pay off a current liabilities Calculate the current ratio before and after this?

Current ratio before payment = 800000 / 600000 = 1.33 Curren ratio after payment = 600000 / 400000 = 1.5


What is meant by a current account deficit on balance of payment?

it is down