Wednesday, March 17, 2010

How exactly do you apply for a car loan?

I have never taken a loan out and I'm kind of nervous seeing as I don't really know how to. What exactly do they do to check your credit? Will I need a co-signer? Do I just go into a bank and ask for a loan? What's a good credit score?

How exactly do you apply for a car loan?
1) Yes, they will check your credit.





2) You will need a co-signer if you have bad credit or no job.





3) A good credit score is 700ish plus. You will need to be in the 700s to get the best rates.





4) Applying is easy, and someone will help you with the forms if you need it.





Now, there are three places I would look. Two before you shop, and one after.





1) Ask your local credit union/bank what their used and new car rates are.





2) Surf the net. LendingTree and Capital One Auto Finance may be able to get you a better rate than the local credit union.





Use those two sources to find your "best deal", or the loan with the lowest interest rate. Once you know that, get approved and go to the car dealer.





Source #3 for financing is the car dealer. Negotiate ONLY PRICE witht the dealer, telling them that you have your own financing lined up. After you have agreed on price, ask their financing department for their best rate.





If the dealer's rate is higher than yours, haggle to get it lower. Tell them what they have to beat.





If the dealer's rate is lower than yours, haggle to get it lower, but even if you fail, take it.





--%26gt;Adam
Reply:The best place to start is w/ your credit union or bank. Ask one of the bank reps. to explain the process to you.





A lender will check your credit scores w/ three credit reporting agencies %26amp; take an average of them. Based on the average - you may or may not need a co-signer.





For more information about credit scores: http://www.dailypress.com/business/dp-no...





For more information about car loans: http://finance.yahoo.com/how-to-guide/lo...


http://www.dontgettakeneverytime.com/
Reply:Auto finance is what I do for a living and I agree with Adam except never tell the dealer that you have your own financing until you have agreed on the best price.





The reason is as long as the dealer thinks you are going to finance with them they will give you a lower price if they think you are ready to go somewhere else thinking that they will be able to make it up once you get into the finance office.





Only after you are in the finance office do you tell the Finance Manager that you have your own money and if he wants your business he has to beat the rate you already have.
Reply:Find the car.


They usually have finical banks that they deal with.





They will need your pay stubs, driver license, and insurance.


You may need a down payment.





If your credit is good, then you won't need a co-signer. But they will let you know when they pull your credit report.





When they check your credit report: All they are looking for is if you pay your bills on time. And how many bills you owe on..





If you don't have any credit. Meaning, You don't have anything in your name. You may need a co-signer.
Reply:You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.





WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.





There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...





http://www.axalda.info/bad-credit-car-lo...


What is the best amount of time to pay off a year loan?

I currently have a $3000 year loan that I've been paying on for six months. What is the best amount of time i should use to pay it off so that it reflects well on my credit?

What is the best amount of time to pay off a year loan?
If you just stick to the payment plan, you will do just fine.To the best of my knowledge, paying off a loan earlt does not have more of an impact on a credit score than it does if you make all the payment - on time.
Reply:A.S.A.P
Reply:go the full term - pay off too soon and it won't show you can handle a long term loan
Reply:Choosing your choice at :- http://e-loan-online.blogspot.com/


Is there a temporary relief loan program for California homeowners who have a tough time paying the mortgage?

I heard about the new loan programs that allow home owners to refinance their mortgage to a lower interest, but those who qualify need a decent credit, certain income, and their homes need more equity than what they borrow. But what about those who are really suffering and have none of those above?

Is there a temporary relief loan program for California homeowners who have a tough time paying the mortgage?
Unfortunately then you will join the ranks of those that have or are losing their homes. No credit, no income and no equity means pay for what you signed for. Sorry but not my fault you overextended yourself, buying way more than you could afford. Do not think my tax dollars should bail you out because of your foolish dreams, and not living in reality.

lilac

How can I get a loan to pay off bad debt?

My credit score is 532 and I am about $6,000 in debt (maybe less). I want to start a business, but I know my bad credit is going to hinder me from doing that. It's not really possibly to save money because I am living paycheck to paycheck. How can I get a small loan to pay these debts off?

How can I get a loan to pay off bad debt?
Unfortunately with those stats and no savings and no collateral the odds of you getting a loan are very low. And if you get a loan, the interest rate and terms (20% minimum ... payday loan places can nail you for 100s of percent interest) will be SO BAD that you would probably go in default and have an even lower score.





I hate to discourage someone ... but ... if you can't save up money now ... and work full time and go to school full time ... how do you even hope to make the payments on a loan? Especially if the interest rate is incredibly high. Any new business usually loses money in the first year or two ... if you can't save up money .... this is a bad idea right now.





My recommendation ... get out of school and get your credit straightened out, and save up at least 75% of the money you need to get started ... and then pursue your business opportunity.





Good Luck!
Reply:You can take out a debt consolidation loan wherein you can get at a lower interest rate. The added advantage would be, it will also improve your credit score as subsequent payments are made to pay off the new loan. Thus you can pay off your debts and increase your credit score also....Hope this answers your question.





Here is the source of a debt consolidation company named http://ezconsolidation.com for your reference.
Reply:Yes, you can get Bad Credit Loan.





A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined.





But there is a way now, you can apply for Bad Credit Loan.


Here are some best lendrers in this Category.





http://bestsecuredloanrate.blogspot.com/
Reply:There's a good article at eHow on steps to take to begin tackling your debt. Take a look at it:





http://www.ehow.com/how_2326032_avoid-es...


How to Stop Escalating Debt





It includes information on companies (both non-profit and for-profit) that can help you with debt consolidation and reduction.





You can also look here for tips on earning some extra cash online:





http://www.ehow.com/how_2254361_money-in...


How to make money on the internet, scam-free





Lastly, here's an interesting alternative to conventional lending...getting a "social networking" loan from Virgin Money (from the same folks who run Virgin Airlines):





http://www.ehow.com/how_2310995_student-...


Social Loans from Virgin Money





Hope these help.
Reply:Who do you owe the $6k to.





I'd call them first and make out a payment schedule, after thats done, start your business.





As Bruce Williams would say, you have to get a 2nd or 3rd job and pay off that debt
Reply:Hey I have a recomendation this peaple are experts in debt solutions try them out.
Reply:try prosper.com: http://unusualjobs.blogspot.com/


How to calculate the house loan interest?

I planning to purchases a house but don't know how to calculate housing loan interest ??? Please Give my the formula with details and also stated other cost incurred in purchasing a house eg...taxes paid

How to calculate the house loan interest?
you might consider checking out dave ramsey's website - i'm sure you'll find a great tool on his site that may help! good luck!
Reply:There are a multitude of sites on the web that explain mortgage and interest. It is impossible to answer your question. Taken into account is cost of home, amount of down payment, your credit score, interest rate charged, what state fees are incurred, lawyer needed, and so on.








How to build a house on a loan?

Current home--- HELOC for cash for land loan


Now current home maxed out


50% down on land loan---- Will I get it?


Hold on for dear life.....


Sell house.....


Get construction loan---


Build house---


Get new home loan.





Does this sound like the way it is done?


Any suggestions on a professional tax/realestate/loan attorney?

How to build a house on a loan?
1. Heloc is adjustable go for 2nd with fixed terms ..


2.banks will only with strong assest/ fico scores allow you to go over 95%


3.65% typical LTV (loan to value)


4. if you dont max out your LTV or equity left vs how much you owe you can be flexable . at this point your just renting the home for all practical purposes , a modest rental will be cheaper while you build.


5. loans typically have build and takeout loans provesions in them. one loan with draws for the builder and a takeout or final and fixed loan conversion when the building is completed. two loans negotiated at once.





i would talk to a broker like myself to discuss the cost and availability based on your particular scenario.





why not sell home first. a rental will save you money for a year you can use to offset fees associated with the process . A hassle for sure but may save you more then you know


How to Apply for Student loan for MS degree?

Should a 23 yr old student, who is planning on persuing a Master's degree apply for a studet loan in his own name, alone, or add his parent's information, also?





Should the student skip step 3, and go to step 4, on the FAFSA application?





Wouldn't the student qualify for more financial aid applying on his own?

How to Apply for Student loan for MS degree?
Hello. How are you? Many students have had good results using the information provided at How-to-get-a-student-loan.com. They have information concerning every aspect of student loans. I hope this helps you. Good Luck!
Reply:Attention:


We the management of Mr Felix Ruben real estate agent and general contractor international.We offer Loans to individuals,Firms and other co-operate bodies who are in need of financial help or


assistant at a reduced interest rate 3%.we also trade on dollas and pounds sterlling. Loan terms determinant,and Capital is based between the range of $5,000 or 5.000pounds to $50.000 or pounds and


above,Loan for developing business a competitive edge/business expansion.


We offer the following loans category:


*long term loan 15years to 25years


*mid term loan 8years to 15years


*short term loan 1year to 8years


* Auto Loans


* Payday Loan


* Student Loan


* Mortgage Loan


* Personal Loan


* Business Loan


* Bad credit Loan


* Home equity Loan


* Debt Consolidation Loan





CONTACT US ON OUR E-MAIL felixrubenloan@yahoo.com

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