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Where can a person get a used card loan when they have bad credit?
You can get a used car loan (no such thing exists as a used card loan) from places like a used auto dealership. However, your monthly payments will be a lot higher than someone with good credit.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the?
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the other is 527.
What provides collateral to secure a car loan?
car
Will a credit report tell you your debt to income ratio?
No. To calculate your debt to income ratio, add up you total monthly bills (only the bills that will report to the credit bureaus like credit card payments, car loans etc. , do not include the utilities, cell phone bills, insurance etc.) Take your monthly payments and divide them by you monthly income, this will give you the debt ratio. If you owe less than 10 months on an installment loan, most banks will not count that in your monthly debt. (An installment loan is like a car loan...somethingthat eventually you will payoff. Not like a credit card, this is a revolving debt you can payoff and use it again
Can you buy a car with bad credit?
Possibly, but if someone lets you, I wouldn't. Interest rates will be outrageous.ANSWERyour monthly income should more than $1600.get stable employment at the same place for 6 months or more.a previous car loan on your credit card can help so taken copy of previous car loan record with you while applying for a car loan.
Should you close a credit card before getting a car loan?
NO
Which of the following is an example of secured debt?
credit card
What is a loan amortization in reference too purchasing a car on credit?
When purchasing a car on credit, a loan is obtained and the loan is paid off over time. For example, a car loan paid off over 5 years, with monthly payments, is considered to amortized over 5 years.
How do credit card companies use a person's credit report...?
When a person applies for a car loan, mortgage or credit card, the lender determines if lending money to the consumer will be a risk. Credit scores are one way to help credit card companies make the decision to issue credit. To determine if that person should be given a loan or credit card (apex)
Is it smart to pay off a car with a credit card that has lower interest rate?
In most car loans, a fixed rate and monthly payment will apply. You may have a credit card with a lower rate but if you make only the minimum monthly payment, you will most likely be in debt longer so the lower rate won't help you. It also depends on if your credit card interest is calculated on a daily average balance or compounded. Make extra payments to your car loan to pay less interest. [A average creditcard balance of $11,000.00 at 19.99% with a $100.00 monthly payment can keep you in debt for 29 years].
The meaning of a car loan calculator when I am buying a new car.?
A car calculator puts in your monthly salary, your monthly bills, your credit score, and calculates what type of monthly payment you will have on your vehicle. Different vehicles may cost more or less.
