car loan term

Saturday, October 31, 2009

How fast can a car loan raise your credit score?

It take anywhere from 6 to 12 months of steady on time payments for it to affect your score. Most lenders start reporting immediately, some do not maybe only quarterly etc. If you have a lender that reports quarterly you can request they make a one time report for your benefit.

How fast can a car loan raise your credit score?

They don't begin reporting for six months of regular payments.

How fast can a car loan raise your credit score?

Hi kiaunamaha,

I don't agree with PapaBear. It is true that the car loan co. may not begin reporting your payment record, but your credit report will immediately show that you have the car loan.

Before you get a car loan, shop around as much as possible. Why? Simply because the more you look, the more chance you have of finding a better deal.

I did some research on the web to see if there were any unbiased ratings, comparisons or reviews of auto loan companies. I did find one here: http://www.lendersrated.com/index.htm...

I hope this helps you.

Leafgreen

How fast can a car loan raise your credit score?

The account once opened will show up on your credit report.

They should report every month that the account is in good standing. If you make payments on time, your score will rise gradually.

How fast can a car loan raise your credit score?

How high can you spit a watermelon seed in the air?

How fast can a car loan raise your credit score?

it will not happen overnight, atleast 15 to 45 days.

Would I be able to get a car loan?

My credit score is very low. Below 420 at least. I work for the city I work in, which i've been told by several people helps a lot, but I have a deliquent credit card account for $3500 for about a year and half now and some very small online loans that I didn't pay, all due to getting laid off. I'm just now starting to make some money and want to finance a $10,000 truck.

Would I be able to get a car loan?

I work for an auto finance company. My advice is to get a cheap car you can pay cash for. Take all the money you'd be paying on your $10000 loan and make good on the debts you are delinquent on. Then a year or two down the line go for a car loan. Your credit score will be much higher and your interest rate WAY lower. That $3500 delinquent account can be paid off in less than a year! You will feel a lot better about your credit, and will save $1000's in interest!!!

Would I be able to get a car loan?

Below 420?? You have no chance. Buy something you can afford.

Would I be able to get a car loan?

I highly doubt it ... if you did they would charge you a VERY high interest rate... straighten out your financial situation before adding to it.

Would I be able to get a car loan?

with your credit history i dont hink you will be able to becuase people with low credit scores cannot get a car loan and as of what im seeing right now i dont think you will you are going to have a hard time getting one thats for sure i mean a hard hard time getting one but dont give up keep trying ok and good luck.

Would I be able to get a car loan?

Your answer is a buy-here-pay-here lot

Would I be able to get a car loan?

Yes as long as you have a job someone will sell you a car.

I want to get one loan for my car loan and several credit cards. does any one have any good suggesti

Your bank?

I want to get one loan for my car loan and several credit cards. does any one have any good suggestions where?

moneysupermarket.com

I want to get one loan for my car loan and several credit cards. does any one have any good suggestions where?

The best suggestion I can give you is to not get a credit card because you don't have cash. If you want one, I hope you are getting it out of convenience reasons. Even so you could get a debit card linked to your bank account. If you only pay the minimum each month you'll never get that thing payed off. If your gonna get a car loan make sure it's a car that will last long enough for the loan to be payed off, if not longer.

I want to get one loan for my car loan and several credit cards. does any one have any good suggestions where?

Your best bet will be your own bank or credit union. Banks loan money based on whats called loan to value. If the value of the vehicle you are buying is high enough to cover your credit cards you should not have a problem. If it's not? You may have to put some money down to get to the required L.T.V.

I want to get one loan for my car loan and several credit cards. does any one have any good suggestions where?

Take a look at this http://sirlook.com/4rmt9 article i found it should answer your question and also has some good information on credit cards and finding good deals etc.

Which bank is offering cheap car loan in India?

Banque de Papa, i.e your father. The loan is non repayable and bears no interest.

Which bank is offering cheap car loan in India?

always go for icici bank

it's good bank

and it's rate of interest is also low

as compare to other bank

and you will get easy loan from it.

and they offer some gift if you pay proper emi

What people could i ask to co sign for a car loan?

I really need of a car to get around.

What people could i ask to co sign for a car loan?

Your parents or grandparents are your best bet. Just don't screw with them make sure you get a loan you can afford to pay every month and on time.

What people could i ask to co sign for a car loan?

Don't do it , you're asking for trouble between u and your cosignert. Watch judge judy sometime.

Why can I get $55,000 car loan for 6 years, but I can't get a $90,000 home loan for 10 years.?

Sounds like the problem is not with your credit - it's the lack of program availability. Depending on the area you live in, mortgage programs can become much more limited on amounts below $100,000. And many lenders simply don't offer a 10-year term.

However, this is pretty is to fix. You should be able to easily find a 15-year term loan - just make sure there's no pre-payment penalty. Your required payment will be lower than the payment for a 10-year term loan, but you can always pay more each month. Just set up an automatic payment from your bank account that pays a little more each month, and you've created your own 10-year loan. For example: let's say you get a 15-year $90,000 loan at 5.5% with amortized monthly payments of $735.38. Calculating the difference, you figure out that a payment of $976.74 per month will pay off the loan in 10 years. Just pay the higher amount, tell your lender that the extra amount should be applied toward principal, and then you're all set.

Now, you might think that with a 10-year term you should be able to get a lower rate, but actually, depending on lack of availability, you might even find the rate could be higher. Doesn't really make sense, but sometimes these things are just not logical. Good luck.