Do you need good credit for an auto loan?

Do you need good credit for an auto loan?
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1 Answer

Answer :

For the more expensive cars you will need a good credit rating,you credit rating is a way of letting the lender know how much he or she can lend you with the probability of you paying it back.
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Related questions

What do I need to improve my credit score for an auto loan?

Description : What do I need to improve my credit score for an auto loan?

Last Answer : To improve you credit score for an auto loan, you need to pay off your bills on time. You should pay off your debt. You should not take out additional credit and you should check your credit report.

Will I get an auto loan with a credit score of 662?

Description : Will I get an auto loan with a credit score of 662?

Last Answer : answer:Yes, you will. But a 662 will probably get you a less attractive rate than if you had a 750, because you will be perceived (right or wrong) as more of a credit risk. The amount they give you will ... income, and the age and condition of the car. There's no way for us to know either of those.

I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

What information does the dealership need for me to fill out their auto loan forms?

Description : What information does the dealership need for me to fill out their auto loan forms?

Last Answer : In order to apply for an auto loan, you will need your personal information such as your name, social security number, income details. You will also need to provide your employment details.

Refinancing an auto loan - in-house?

Description : Refinancing an auto loan - in-house?

Last Answer : answer:Yes, of course, ask them. If they say yes, you com out ahead, and if they say no you don’t lose anything. We refinanced all three of our cars with a credit union and got a very low rate on them. Credit Unions are almost always lower interest than banks.

Auto Loan Early Payoff?

Description : Auto Loan Early Payoff?

Last Answer : Auto Loan Early PayoffHow much interest can you save by increasing your auto loanpayment? This financial calculator helps you find out. View thereport to see a complete amortization payment schedule, and howmuch you can save on your auto loan!

Auto Loan Calculator?

Description : Auto Loan Calculator?

Last Answer : Auto Loan CalculatorUse this calculator to help you determine your monthly auto loanpayment or your auto purchase price. After you have entered yourcurrent information, use the graph options to see ... . Youcan also examine your complete amortization schedule by clicking onthe "View Report" button.

Auto Loan vs. Home Equity Loan?

Description : Auto Loan vs. Home Equity Loan?

Last Answer : Auto Loan vs. Home Equity LoanHome equity loans often have lower interest rates than autoloans and the interest may be tax deductible. Two good reasons totake a look at home equity loans to finance your automobilepurchase.

Bi-weekly Auto Loan Calculator?

Description : Bi-weekly Auto Loan Calculator?

Last Answer : Bi-weekly Auto Loan CalculatorThis calculator shows you possible savings by using anaccelerated bi-weekly auto loan payment. Bi-weekly paymentsaccelerate your auto loan payoff by paying 1/2 of your ... thousands of dollars in interest. Click on the "ViewReport" button to see your savings!

What are some disadvantages of an auto title loan?

Description : What are some disadvantages of an auto title loan?

Last Answer : Auto title loans are risky at best. Interest rates are very high, it may become impossible to pay off the loan. A good article about the disadvantages of an auto title loan can be found ... -08/living/aa.car.title.loans_1_car-title-loan-interest-rates-responsible-lending-for-title-loans?_s=PM:LIVING

When getting an auto loan, is the title different in California than paying cash for a car?

Description : When getting an auto loan, is the title different in California than paying cash for a car?

Last Answer : Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.

Would refinancing my auto loan be a good idea if I can not afford the payments/?

Description : Would refinancing my auto loan be a good idea if I can not afford the payments/?

Last Answer : Refi of an auto loan can help to lower montly payments. You can get a lower rate if you refi with a lower interest rate.

What happens if I don't repay an auto title loan?

Description : What happens if I don't repay an auto title loan?

Last Answer : You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.

What exactly is an auto loan amortization ?

Description : What exactly is an auto loan amortization ?

Last Answer : The term "auto loan amortization" simply refers to the payment shedule associated with an auto loan. Auto loans can be obtained at a variety of financial establishments, whilst amortization schedules for such loans are available online.

Where can I get a quick auto loan?

Description : Where can I get a quick auto loan?

Last Answer : First start with a local car dealership. If that doesn't work then try your local bank, especially if you've had a long relationship with them. You can also try a buy here pay here dealership.

How can I refinance my auto loan?

Description : How can I refinance my auto loan?

Last Answer : I would go to the place you got your loan from and see if they can refinance it to save you on internet. If you cannot get a lower rate from them, I would look at other loan places to find a lower rate.

Is there any auto loan with good rates, that works the best?

Description : Is there any auto loan with good rates, that works the best?

Last Answer : Yes, you can go to a place online to find auto loan companies. One example is 1-800-get-acar. However, it may be a good idea to check out local companies that you can trust. Wells Fargo and Bank of America as well-known companies that offer auto loans.

What is the meaning of auto loan calculator.?

Description : What is the meaning of auto loan calculator.?

Last Answer : An auto loan calculator shows how much you're REALLY paying for a car after the loan term and interest rate are factored in. It can also calculate how long it will take to pay off your loan based on how much you are paying each month.

are auto loan rates fixed or variable?

Description : are auto loan rates fixed or variable?

Last Answer : Auto loan are fixed rate loans. The only way to change them is to go to another lender and refinance for a lower rate. I recommend shopping for the best rate before you start and would advise going with your personal bank over financing through the dealer.

I need to get my first loan, what can I do to to help build credit history?

Description : I need to get my first loan, what can I do to to help build credit history?

Last Answer : Building a credit history requires taking out credit to get a history going. Open a no-annual-fee credit card and make sure to charge to it every month. Also, make sure to pay it off in full each month to build a positive credit history.

What type of a credit rating will I need to get a standard bank loan?

Description : What type of a credit rating will I need to get a standard bank loan?

Last Answer : You need to have a score over 700 to get a standard loan like for a car or house. You might ned less for a small personal loan.

I need a loan. Where can I get one with bad credit?

Description : I need a loan. Where can I get one with bad credit?

Last Answer : search the net would probably be the easiest way. Google the type of loan you are looking for and end it with bad credit. i.e. auto loans for people with bad credit. however if you need money for ... to do a payday loan or a title loan. but title loans come with an extremely high interest rate.

How good does your credit need to be for a car loan?

Description : How good does your credit need to be for a car loan?

Last Answer : Nothing is published on what credit score you must have to obtain a car loan. There is information about having a high score means getting a better rate on your car loan.

Where can I get a loan or credit card?

Description : Where can I get a loan or credit card?

Last Answer : If you have a good credit history,you should be able to qualify for a personal loan at your bank.

Should I take out a student loan from a bank or credit union?

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

Will the USDA report to the credit companies that my home loan was paid?

Description : Will the USDA report to the credit companies that my home loan was paid?

Last Answer : answer:@Dutchess_III If you reported under chapter 7/13, reporting regulations change when debt is discharged via bankruptcy. The fact that you paid off the loan will unfortunately not reflect on your credit rating moving forward. Here is a quick link with more info.

How can I get a student loan, in Alberta, with a 725 credit score?

Description : How can I get a student loan, in Alberta, with a 725 credit score?

Last Answer : Contact a branch of ATB Financial and ask a credit officer.

If your student loan has been placed on a conditional discharge can it be removed from a credit report?

Description : If your student loan has been placed on a conditional discharge can it be removed from a credit report?

Last Answer : I would not think so. I believe you would need the discharge documents to submit to the bureaus.

If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Description : If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Last Answer : answer:The longer you have the debt the more interest you pay as each month more interest is added. If you only pay the minimum you will have the debt for much longer and you will pay more interest. The ... . Even I you pay the loan of early you will stay pay the interest for the full loan period.

When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

A student loan without a cosigner or credit?

Description : A student loan without a cosigner or credit?

Last Answer : answer:Doubtful in the current economic climate, and even if they would you don't want it at a high interest rate (your education is no good if you're paying an extra few hundred thousand dollars ... ask?). Government loans are likely the only type you'll be capable of getting without a cosigner.

How do I legally get out from under an upside down car loan without wrecking my credit?

Description : How do I legally get out from under an upside down car loan without wrecking my credit?

Last Answer : One way I have heard of is to get the dealer to take the car in trade in and add the current loan on the back of a new loan. Longer payments, but lower amounts and most likely lower interest.

How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Last Answer : It has to do with fractional reserve banking and the extensive money (whatever that is) which is created by selling debt. Debt multiplies money held in reserves. The actual worthless paper dollars ... but I imagine their debt is insured by the same companies as the bank. Companies like AIG.

Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Description : Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Last Answer : Even small businesses with great credit and history of success are finding it hard to get a loan right now. I would be surprised if you can get the loan. And if the seller has any sense, s/he will put ... down payment cannot be borrowed. I hate to be so negative, but that's the facts as I see them.

If you have bad credit what are ways to get a loan?

Description : If you have bad credit what are ways to get a loan?

Last Answer : Prosper peer-to-peer lending is a great way to get a loan if you can’t get one from a bank (or even if you can).

If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Description : If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Last Answer : answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number ... the lender you are looking to consolidate with. Both will look into your credit report for information.

How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Description : How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Last Answer : Do you have a credit union? If you have automatic payroll withdrawal, maybe. For a bad credit score, 10% is not a bad rate.

Why are terms of credit required for a loan or credit? -SST 10th

Description : Why are terms of credit required for a loan or credit? -SST 10th

Last Answer : . Terms of credit are required so that the borrower knows the conditions to take the loan. . The collateral, in the form of security or guarantee, is given to the lender until the loan is repaid ... the loan, the lender has all the rights to sell the assets or collateral to obtain the payment.

While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th

Description : While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th

Last Answer : This means low interest rate, easy conditions for repayment and less collateral and documentations requirements.

Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Description : Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Last Answer : The moneylenders charge very high rates of interest keep no records of transactions and harass the poor borrowers.

Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Description : Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Last Answer : Yes, because the sum of $480 and $80 is greater than $520.2600x20%= 520

where to get loan even with bad credit?

Description : where to get loan even with bad credit?

Last Answer : go to yazing. com/deals/badcreditloans/gman22912 for your best loans and offers (remove the space in between . and c )

Does a bounced cheque affect your credit score, even if no loan payment is involved?

Description : Does a bounced cheque affect your credit score, even if no loan payment is involved?

Last Answer : Bounced cheque doesn't affect the credit score until the payment is related to a loan transaction.Banks doesn't report transactions to credit bureaus. but remember that when you take a loan in ... transactions.but if the same problem persists then bank could deny the loan. hope this helps

Can you get a personal loan for $,2000 with bad credit?

Description : Can you get a personal loan for $,2000 with bad credit?

Last Answer : It depends on few things: - how bad? - when did this bad happen? - do you have income? - is your income steady? If you have a low income or dont have a permanent job You wont ... Amazon or promoting some stores at facebook or instagram. I`ve read it is very profitable nowadays There some chances

Can I apply for a car loan with a credit score of 593?

Description : Can I apply for a car loan with a credit score of 593?

Last Answer : This is a very poor credit score. You can apply but it isunlikely you will get a loan without a cosigner. If you are able toget a loan without a cosigner your interest rate will be very highas compare to someone with a good credit score of over 700.

How might your credit score impact your loan intrest?

Description : How might your credit score impact your loan intrest?

Last Answer : What is the answer ?

Loan & Credit Line Payments?

Description : Loan & Credit Line Payments?

Last Answer : Loan & Credit Line PaymentsThis calculator helps determine your loan or line payment. For aloan payment, select fixed-term loan. For a credit line payment,you can choose 2%, 1.5% or 1.0% of the outstanding balance orinterest only.

How do i find a loan with bad credit?

Description : How do i find a loan with bad credit?

Last Answer : You can look at cash advance companies as well as online. One of the most popular online sites is www.creditloan.com. They have a specific section for bad credit. It is very hard in this lending ... loan even with good credit. You can try a pay day advance company bu the rates will be high

What is the average interest rate on a short term loan with great credit?

Description : What is the average interest rate on a short term loan with great credit?

Last Answer : The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.

How will a consolidation loan effect my finances with $20,000 in credit card debt?

Description : How will a consolidation loan effect my finances with $20,000 in credit card debt?

Last Answer : A consolidation loan will pay off all of your bills and give you one payment. This program will only really work if you cut up your credit cards and have discipline.