How can I buy a preowned car with limited credit history?

I've been trying to figure out how I can buy or lease a preowned vehicle with my age (20) and credit history. i don't have have bad credit but not enough credit history; i've been denied several times applying for an auto loan through a bank. I have about $700 to put on a down payment. The problem is I don't have a cosigner with good enough credit that could sign the car loan with me. And i don't have a car i could trade in or collateral. It's seems so difficult with me with so many obstacles. How can I make this happen?

How can I buy a preowned car with limited credit history?

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...

How can I buy a preowned car with limited credit history?

the smartest thing to do is try and get your down payment higher if you are intent on betting a loan, that can help in some cases.

have you tried Capital One? they are the best loan option for limited credit people, but with that said, you shouldnt apply everywhere or as much as it sounds you have

worse case, try and find a decent car for cash while you save your money. You could go to a buy here pay here, but you will pay a very high interest rate and may not get a good car

How can I buy a preowned car with limited credit history?

Go to a used car dealer and let tham finance it at a higher interest rate. If the $700 down don't work, promise to pay double ot triple of your monthly payments along with proof of the job and income with employers recommendation.

I just finished my first week of online classes.?

I am going to pheoinx of arizona online classes. I recieve finacial aid and saw the school got paid yesturday. When will I be getting my check? I need to buy a new computer and a printer. How do we know how much we recieve? I also applied for the stanford loan. When and how much is that? i called the worker at school, and am waiting to hear back from her

I just finished my first week of online classes.?

Your financial aid person should be able to tell you what you get. You need to have this information on hand as you are the one paying back the loans. If the aid was just for the classes you will never see a check. I never did as it went right to the school. All the the extras cost such as computers and books still came out of my own pocket.

Question for credit experts, please read?

Hi,

I'm Alex, and have a serious question for you all. One of my biggest dream is to buy a Kramer Paul Dean Signature guitar. There is one person who is selling me his model, however he wants $800.00 for it. Some things to know are the following, I do have a Capital One card, Macy's, JC Penney as well. My Capital One card does not cover that amount. Also I've already applied for two personal loans at Banner Bank %26amp; Bank of America and both declined my request. They said I didn't have enough credit history, I honestly don't know why since I always make my payments on time and never miss any payments. So I get an offer from Visa Platinum that has a $1,000 credit limit, should I accept it just to purchase my dream guitar?

It does have high interest rates, but I have a feeling once the guitar is paid off, it will be worth it all.

My question is this - Should I apply for that Visa Platinum to make the purchase of the guitar?

Also, how much would the payments be each month?

Question for credit experts, please read?

If you can't buy the guitar straight cash, you should really think about how important it is to have RIGHT NOW. If you can't afford it, you'll have serious problems down the road. YOu should do what the guy above me suggested. Purchase it in payments. Say 100 bucks a month over eight months. That way, you won't get charged interest from a credit card, and you'll spread the dollar amount out over a time.

But do you HAVE to have it? That's an important question.

Question for credit experts, please read?

I have a better idea for you. Ask the seller if he would be willing to sell with you making payments to him using a mutually agreeable schedule and amount. Type up a simple contract and have it noterized (your bank should be willing to do this if either of you don't know a notary).

If that doesn't work, then I would overpay the credit card you already have so that your available balance is more than the limit. Or you could call to see if your limit can be raised on said card.

Question for credit experts, please read?

Try prosper.com for a unsecured personal loan. There you can consolidate your credit cards and get your guitar and only have on payment. They have both bad and good credit loans with decent interest rates.

Its worth the look.

Question for credit experts, please read?

This is about the 3rd or 4th time you have asked this same question. It seems as if you waiting for people to agree that what you are doing is a good idea. Not to be rude, but that has not happened yet has it? Think about if you NEED it or just WANT it.

If you already have 2 recent denials there is a good chance that you won't get approved for the credit card. You should see if the person selling it will allow you to make payments on the guitar. If you do decide to apply and get approved for the credit card, DO NOT only pay the minimum. If you only pay the minimum it will take years to get it paid off if you do it that way.

Question for credit experts, please read?

Bad credit debt consolidation loans are of two types:

1. Secured bad credit debt consolidation loans:

These types of bad credit debt consolidation loans are secured by a collateral usually some property or a guarantor. Since, the lenders find something to bank upon in case you default on payments, the interest rates on secured bad credit debt consolidation loans are cheaper, the lending amounts are higher and the repayment period can be long.

2. Unsecured bad credit debt consolidation loans:

Persons who do not have anything to offer as the collateral or security, can take unsecured bad credit debt consolidation loans. The lenders find themselves at increasing level of risk while giving such loans. The existing bad credit situation and lack of a collateral, make them charge high interest rates and offer low loan amounts to offset the risk involved. But, a person who has a bad credit and cannot provide a collateral has little choice, but to take these high interest loans. At least by repaying these the borrower can rebuild his credit history.

Deciding which bad credit debt consolidation loan is right for you can be a daunting task. Many companies offer free debt consolidation help to those who are cash strapped. It is good to take such advice because the professional expertise of such companies can help you decide better. Again, it's you who will have to be very cautious about the interest rates, repayment period, late payment penalties and other fine prints that come with the bad credit debt consolidation loans. Read more from: http://www.credit-card-gallery.com/credi...

Who should I ask if i want a copy of master insurance of the cooperative that I am purchasing?

I have signed a contract for purchasing a coop and I need master insurance for applying for mortgage (home loan). I asked my agent for it. However, my agent told me I can get it from coop board when they are interviewing me. I don't know whether she is telling the truth.

Who should I ask if i want a copy of master insurance of the cooperative that I am purchasing?

Yes, she is right you can get a copy by asking your Coop Board. They have to provide it to you.

But....she can also get a copy from the agent that insures the Coop. It doesnt sound like she wants to get it for you, so I would just go to the Coop and tell them you need a copy for your Mortgage Comp.

Who should I ask if i want a copy of master insurance of the cooperative that I am purchasing?

Yep, you need to get it from the board. You ALSO need to carry your own coverage, as the board policy is NOT going to cover your stuff, or your improvements, or your liability.

I would NOT close on the coop, until you have the bylaws and the master policy, AND your attorney has had a chance to read them.

Mortgage: Another Credit Pull before closing??

We applied for a mortgage loan with our bank and was approved.However,I am curious. We looked at our credit report and saw that our bank pulled one,and there was a second pull by our bank paired with Freddie Mac.Will they pull yet another prior to closing? Seems like a lot.

Mortgage: Another Credit Pull before closing??

They are forbidden by Federal law to pull another one unless it's been over 30-days.

And it's 14-days for pulls to be counted as one not 30.

Mortgage: Another Credit Pull before closing??

There is the potential that you could have your report run just prior to close to make sure that you have not charged a significant amount on any credit cards you have.

When I refinanced my house, I had my report run 4 times in two weeks.

Don't worry about the inquiries, as most scores not not affected by similar inquiries in a short period, especially a home loan.

Mortgage: Another Credit Pull before closing??

There could be more. Some loan companies will check your credit in the last 24-48 hours before closing.

Often your loan officer and/or real estate agents will caution you not to go out and buy a bunch of stuff on credit between getting an accpeted contract and closing for this reason.

Didnt even get a secured credit card!!!!?

I moved to the states from Germany a year ago...I dont have a credit history and I knew I cant get a credit card without one. So today I went to my bank %26quot;Bank of Amerika%26quot; where I have a debit card account...and asked for a SECURED card... and I still cant believed it I didnt get approved because I dont have a credit history! So what now?

My husband and me applied for a morgage loan...a couple of weeks ago.( He has a good credit) And we didn get approved because of me as a co-buyer without credit history!!! So thats why I researched and tryed to get the secured credit card!!

So is there anybody with the same experience or somebody who knows what to do/try next ???

Didnt even get a secured credit card!!!!?

As long as you have the money to deposit into an account there is no reason to be turned down for a secured card. Your credit limit will only go to the amount that you have deposited. I would look on line for a different company if your bank will not do it. Most times the interest is higher and there may be a fee. Look up credit card comparison online. If it is a mortgage that you are trying to get then maybe you should leave your name off the application. If your husbands credit is good enough he can apply by himself. Good Luck.

Didnt even get a secured credit card!!!!?

Don't know if you tried this already, but apply for one of the bad-credit credit cards that has an annual fee. You may have to pay 50 bucks, but it could be worth it to get some credit history.

Didnt even get a secured credit card!!!!?

Use your income but not your credit to purchase the home. It's done all the time. Then %26quot;quick claim%26quot; you on title once escrow closes.

Didnt even get a secured credit card!!!!?

Below is a list of secured cards that will approve you.

Didnt even get a secured credit card!!!!?

when I applied for a secured credit card in bank of america, my application took so long and when I came to the branch and asked about the status of my application, they told me that it wasnt even on the system! I got mad at them and took my money back, and went to wells fargo, I applied online and it took only 7 days and I had my credit card.

I highly recommend wellsfargo bank.

Didnt even get a secured credit card!!!!?

Try to get a Orchard bank card. They are for people with bad/no credit and are easy to get.

Didnt even get a secured credit card!!!!?

If your income is not being used to obtain the loan then leave your name off the applications and let him apply alone. Once he obtains the house then he can quit deed you on to it. It's never good to apply for credit together because if anything goes wrong then everybody has bad credit. And in the mean time establish you some credit for future purposes. Wish you luck and I hope his income is enough to obtain the house you are trying to purchase.

Didnt even get a secured credit card!!!!?

yes, you should go to US BANK website. they have secured cards. Orchard Bank does to and you get decision online. Your fiance can also call his/her credit card companies and add you as an authorized user his accounts. They will start adding his/her credit record to your report. It will look like you have had credit cards / accounts open since whenever s/he opened the accounts .

I would also see a different mortgage person. Sometimes they tell people this kind of thing to make them think they are a higher risk thus pay more interest. usually a bank would be thrilled to have any co signer on the account because if they have to ever foreclose or collect the debt, then they have two options instead of going after one person. Less risky for them.

See this website for lots of information regarding credit. There is a section where they list information about getting secured cards. Many people get them after bankruptcy. If they are willing to extend a card to someone after bankruptcy they should have no trouble taking someone with no history.

http://www.creditboards.com/forums/

also this website

http://www.whogavemecredit.com/forms/sea...

you can look and see for a few samples of who is extended credit under what circumstances.

SAAS question?

I am re-sitting my 3rd year at uni, and I plan to graduate after I obtain my pass degree (i.e. I am not staying on for honours).

I am in the process of applying for my student loan. If I am repeating, I am not entitled to a bursary, and may not receive the whole amount of student loan.

If I put on my form that I am in my fourth year, (and therefore receive all expenses) will saas have any way of finding out that I am not?

I know it may seem a little unfair that I am trying to defruad the system, but I have my own house to run, and my part-time wage is not enough to cover my expeses and this is the only other income I have.

SAAS question?

I repeated my second year twice, and SAAS paid out on both the student fees and loan, so I think that as long as you explain your situation to them, then you may have a chance of getting it all.

SAAS question?

Yes, they confirm your details with your university before they will pay out.