All Questions
Tagged with loans credit-score
58
questions
50
votes
12
answers
29k
views
My mother co-signed for my car. Can she take it away from me if I am the one making car payments?
My credit is in the low 500s and I was unable to get a car loan. My mom cosigned for me and I've now had a beautiful car for three months. I've been making on-time payments, the registration is in my ...
- 479
38
votes
8
answers
4k
views
Optimal way to use a credit card to build better credit?
I have a credit card with a $700 limit and I am curious how to optimize credit gain with it. Right now, I use it once a month (usually on something small like a drink from a convenience store or ...
- 719
29
votes
7
answers
21k
views
Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit?
I am planning to make a big purchase. I have the money in savings to cover it, but I don't want to drop $2500 all at once if I can avoid it.
I have a credit card with a $9000 limit, but I know that ...
- 1,199
21
votes
9
answers
8k
views
Should I pay off my car loan within the year?
I saw another question like this, but I am in a bit of a different situation.
I am 19 years old, in college, and have no credit history.
I saved up enough money to buy a car, but decided to get a ...
- 311
19
votes
3
answers
12k
views
Are cosigner finder websites like hireacosigner.com, cosignerfinder.com etc. legit?
I am a foreigner to USA and would like to pursue masters in CS in USA. But based on the current state of USD, I won't be able to pay the costs of tuition on my own.
So, I will be taking a loan from ...
- 293
10
votes
1
answer
2k
views
What tools are there to investigate why my FICO score would have dropped significantly?
Please assume the basics have been considered, such as:
Credit utilization could have went up
Hard inquiries
Closed an account
Opened a new credit card
Paying off a loan
None of the above occurred ...
- 847
7
votes
2
answers
27k
views
I am under 18 years old, in the US, my parents have terrible credit, how can I take out a loan?
I am under 18, currently shopping for a car. Like many people, I don't have enough money sitting in my bank account to purchase a good car, around $6,000 to $10,000. However, credit checks have ...
- 1,383
7
votes
1
answer
1k
views
Shopping around for loans without detrimentally affecting credit rating/chance of getting said loan?
I've found myself stuck in a quandary. I put a deposit down on a car and I'm trying to obtain a personal loan based on this. The problem is that I'm finding that despite passing all initial checks ...
user24734
7
votes
1
answer
124
views
For the purposes of building credit, does dividing up a loan help?
I want to enhance my credit with share secured loans (I'm a member of a credit union). All else being equal, will paying off 5 $200 loans give my credit score more of a boost than one $1000 loan?
- 171
5
votes
3
answers
798
views
Is it worth it to take a car loan to improve credit ratings?
I've been considering buying a car recently, but I know that, as I am young, I don't currently have a credit score, as I really haven't needed credit up until now.
So, would it be better to take a ...
- 262
5
votes
1
answer
2k
views
Can I remove a cosigner from a car loan? Will it affect my credit?
I will be moving from NY to California for a job that starts 3 months from now. I flew to California to finance a car from a dealership, but since I had not found an apartment yet, I had no california ...
- 51
5
votes
3
answers
4k
views
Will paying off a loan early hurt my credit?
I recently purchased a vehicle and took out an Auto loan from the local credit union. I have run into some extra cash and can actually pay off the car completely. I have a very little credit history,...
- 335
5
votes
2
answers
1k
views
Do I have an option to transfer parent plus loans to myself?
My wife and I are currently about to start our payments for student loans. All of our loans are federal student loans through Direct Loans. We also have a parent plus loan, which is technically under ...
- 271
4
votes
6
answers
2k
views
Pay for a cheap car or take out a loan?
I have $2,000 in total in my savings account for a car but I am starting a better paying job in three months and I will need a car to get to it. At the moment, I am biking to my current job. I am just ...
- 41
4
votes
3
answers
854
views
High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation?
I presently have:
Credit Card, £2250 balance, interest rate of 17.43%
Credit Card, £1500 balance, interest rate of 39.9% (3.5% min payment)
Credit Card, £2400, interest rate of 34%
Overdraft of £1300
...
- 43