All Questions
14
questions
2
votes
2
answers
350
views
What is the procedure of getting an auto loan?
I am a new international student in the US. My credit score is 702 in the Capitalone credit wise and 710 in the CreditKarma website. I am a fully funded PhD student and have an annual income around $...
user109157
72
votes
1
answer
10k
views
My friend cosigned for a defaulted loan. Should he declare Chapter 7 bankruptcy?
Background:
My friend Abe co-signed an auto loan for about $25k with his "friend" Bella, in the USA state of Maryland, about 4-5 months ago. The car was for Bella's use. The deal was that ...
1
vote
1
answer
416
views
My mother's car was totaled
My mother was in a car accident and died. Her boyfriend's name is on the title and financing of the vehicle. She made all of her payments on the car. Is he entitled to all of the money since the ...
1
vote
2
answers
333
views
Auto loan technicalities in the US
I know what loans are (you borrow money and pay it back plus interest over a period of time), but I have a few questions about the specifics:
When you are approved for an auto loan and you proceed to ...
- 506
1
vote
0
answers
83
views
Why would my pre-approval auto loan be denied, but chance of actual loan approved?
I have an income of roughly ~70k, a little over $50k after taxes. My only debts are housing expenses (rent and utilities) which total around $800 out of >$4000 a month net income. Recently, I was ...
- 19
0
votes
1
answer
116
views
Does installment loan amount affect credit score?
I am looking to finance a new car purchase. The total cost of the car comes out to $18k, and I am able to put up to $10k down. Assuming that my goal is to maximize my credit score in the long run, ...
- 103
0
votes
4
answers
476
views
Is buying a powerful motorcycle on loan is a good idea?
I am thinking of purchasing a Ducati motorcycle. Its price, including taxes, is about $22K.
I don’t own a car so I have no car payments. I had a $50k education loan which I paid off. I have about $...
- 129
46
votes
4
answers
12k
views
Would using an expensive car as collateral for a small loan to get cheap parking work?
There's a rather old joke which is being told in many variations and my question would be whether events narrated could actually happen in real life. I'm not in the US so I don't know all the details ...
- 2,889
40
votes
6
answers
18k
views
Can a car company refuse to give me a copy of my contract or balance details?
I have an auto loan with a car company that after looking at all possible amortizations, doesn't match what my payment should be. I'm talking with 40% interest rates, adjustable interest rates, ...
- 620
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
18
votes
2
answers
6k
views
Insuring a girlfriend's motorcycle
My girlfriend has a motorcycle that she bought a few months ago with a loan (she put down $2k and now her payments are ~$82 a month).
A few months later, she realized that she cannot keep the bike ...
- 525
3
votes
3
answers
958
views
Building Credit for a Young Person with No Credit
I don't have any credit established but I'm a computer programmer and I make pretty good money. I'm 21 and I would like to buy a new car. I can't get a loan because I don't have any credit and I've ...
- 215
2
votes
1
answer
1k
views
Why can I refinance my recent car loan at a lower rate than I had received originally?
I just purchased a new car a month ago at 3.2% APR. This was the best rate I could get at the time.
I currently have an offer from a bank to refinance at 2.25% APR. For a $25k auto loan, this ...
- 895
3
votes
3
answers
257
views
Will I incur late fees, now that I am making infrequent/late payments on my auto loan?
I have been unemployed for 6 months now. I have been making infrequent payments on my auto loan. I am suppose to be paid up in May of 2012. My lien holder never sends me my balances or a bill, so I ...
- 31