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∙ 11y ago
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How does cosigning for an auto loan affect your ability to get your own auto loan?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
Is it easier to get a home or auto loan?
It is easier to get an auto loan than a home loan. No matter which kind of loan your trying to get you should also compare several loan option to make sure you get the best home or auto loan available to you no matter what current financial circumstance you may have.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
If you co signed for an auto loan will the bank refuse to give you your own loan even if the original loan is not default?
Not if you qualify with both payments. Since you co-signed for another loan, they will count that debt and payment into your debt ratios. If you still qualify, there should be no issues unless multiple car loans to one person is prohibited by a lending policy.
Auto financing in case of death?
I hope I am interepreting your questions correctly. If you have a deceased individual with an auto loan then contact that lender and explain the situation. Usually this loan will no longer exist, and the vehicle will be picked up. If there is a co-signer on that loan, then that person will be responsible for that debt, and should take full ownership of that vehicle.
Can you put your minor child on auto loan?
No. They have to be 18, to be on any kind of loan
Credit Counseling?
form_title=Receive Credit Counseling form_header=Professionals can help you regain control of your finances. What is your total amount of debt?=_ How many credit cards do you own?=_ Are you currently employed?= () Yes () No What kind of debt do you have?= [] Credit Card [] Auto Loan [] College Loan [] Mortage [] Other
What kind of loan is an auto loan?
An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.
How does cosigning for an auto loan affect your ability to get your own auto loan?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
Is it easier to get a home or auto loan?
It is easier to get an auto loan than a home loan. No matter which kind of loan your trying to get you should also compare several loan option to make sure you get the best home or auto loan available to you no matter what current financial circumstance you may have.
Will an auto repossession affect your chances of getting a loan for graduate school?
Only if you are getting a private loan. If you get a government loan it will not affect it since they will only hold govenment debt against you.
Can you Transferring auto from father to son with debt?
Technically, no you cannot. The loan was to you, not your son. You also have to change the title of the vehicle.
If vehicle was purchased months before a persons death and that persons name is on the loan how does the surviving spouse get rid of vehicle and debt do you take back to deal?
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Are four wheelers under auto loan or personal loan?
Auto Loan
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
What do I need to improve my credit score for an auto loan?
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.
If you co signed for an auto loan will the bank refuse to give you your own loan even if the original loan is not default?
Not if you qualify with both payments. Since you co-signed for another loan, they will count that debt and payment into your debt ratios. If you still qualify, there should be no issues unless multiple car loans to one person is prohibited by a lending policy.
