All Questions
14
questions
0
votes
1
answer
239
views
Is it a good idea to take a loan just to build borrowing history? (United States)
Context
My current car, a hand-me-down from a family member, is 10+ years old with ~100k miles and starting to have enough problems that maintenance costs are quickly piling up. Over the last 2 years ...
- 178
2
votes
1
answer
2k
views
My girlfriend helped me buy a car - Who is responsible if she takes it back?
My original car was totaled, and I couldn't get a car on my own due to bad credit. The dealership approved me at a high rate with money down. When I get my trust fund, I can buy one.
My girlfriend ...
- 21
8
votes
4
answers
4k
views
What could prevent a bank from lending to me to buy commercial real estate?
If I want to take out loans to buy real estate with the intention of renting it to cover the interest on the loans, what are the red flags that might prevent a bank from extending a loan to me?
...
- 9,785
0
votes
1
answer
1k
views
Does closing car loan lower credit score?
The final payment on my car loan is due in December but I made a payment for the total payoff amount this month to close the account. The only account I currently have open is a credit card. Before I ...
- 1
1
vote
3
answers
197
views
Mitigate Effects Of Credit With Tangible Money
This question is not how to build credit quickly, although those strategies will be used simultaneously to prevent having to use the answers to this question again.
As a new graduate, I have had a ...
- 121
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
3
votes
1
answer
756
views
About to pay off car loan, how to maintain credit score?
I will soon be finishing paying off my car loan (yay!). This will be paid off with what is a normal monthly payment, not a large sum I'm throwing at the loan, so stretching the loan out longer (if I ...
- 1,322
1
vote
1
answer
147
views
Home Equity Line of credit features and overview
I have a very recent mortgage. I only have about 7% of equity on the home. I've made about 5 payments so far and everything is going smoothly.
Now I have a family emergency requiring me to borrow ...
- 582
3
votes
3
answers
34k
views
Need a loan to buy property in India. What are my options?
I have seen a property in India, and I am planning to buy it. The total cost is $105k, out of which I have $30k of my own. The remaining $75k needs to be financed somehow. I can get a loan in India, ...
- 31
0
votes
0
answers
45
views
What loan options are there for minors? [duplicate]
I'm not yet 18, but I have been studying business for quite a while, paper trading, investments, etc. at this point, I'd like to try my hand at building some credit and making some money, but I am ...
- 1,383
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
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
8
votes
3
answers
2k
views
What type of credit or loan to get for job relocation?
I have never had a credit card. The only loans I've had have been student and car loans. Both of those I always paid on time; both are paid off.
I have accepted a job offer and am now looking to ...
- 83
4
votes
2
answers
500
views
Should I try to optimize my credit score before applying for a loan?
I am considering shopping for a house somewhere this year, which of course would involve shopping for a mortgage. And mortgage rates depend on the credit score. My credit history is clean from trouble,...
- 3,306