Can i obatin 2nd coup¨¦ loan?
im 19 and want another car as a toy a g35 coupe i already enjoy a car loan that i owe 9 opulent on a 2003 accord v6 ive have it for a year my mother cosinged it for me. credit card debt balance is zilch never had a past due payment dont know my fico ranking . my income is 20 grand a year im a full time student but no bills to money for exept for car wage which is 200 a month . and schools give me 3 grand a year so total income 23k a year . institution is payed for fully by goverment no school loans nothin i will be graduate in december of this year . and i am hoping to catch the g35 in the summer time problably similar to june so in 5 months or so and the loan amount i hope to get your hands on is 10k do i have a fate of getting apporved and if i lower the balance of this loan by a couple dignified will i have a better luck ? monthly income is plenty to pay both motor loans and still have plenty disappeared so what do you guys think ? im childish so i have to soak up my lifeAnswers: Without lecture you I will simply explain why you will be turned down for this loan.
First reason your income (school does not count) works out too be $1,666.66 a month. The maximum compensation this kind of income qualify for is $333.20. Your already maxed out with your $200.00 money plus $100.00 for insurance (lenders factor this into all loans).
Second object you have not be in the bureaus long ample this is why your mother had to co-sign for the first loan, that and your need of credit history.
So you are going to graduate and want to buy the expensive car as a toy. The best suggestion I can give is don't do it. I promise you that within 10 years you'll look back and yearning you hadn't. When you first get out of university your first financial priority should be funding your retirement. If that sounds ridiculous, go study up on compound interest.
By the bearing, owning an expensive anything has NOTHING to do beside enjoying go. I just hope you don't win too old since you realize this.
How much will a paid tax lien take off of your credit score?
Answers: The FICO score systems is proprietary...which is another way of saying secret.We know that certain events like late pays and charge offs will cause large drops...However, it's impossible for anyone to give precise estimates on how any single event will cause your FICO score to change.
Can credit card companies take your car as payment if they have a judgement against you?
Answers: It depends on your state laws. Most of the time the answer is no. While they can garner your wages here's a little secret. Most credit card companies won't bother if it is a relatively small amount (to them) as it would cost more money to implement then they would get out of it. Regardless, I wouldn't recommend doing this as it would still hurt your credit score quite a bit, and for seven years to boot.
How did they get your car payment? Or did they just take money from your checking account that was intended for your car payment?
Of course, "This is an attempt to collect a debt, and any information obtained will be used for that purpose".
So if you give them your checking account number, there is not much stopping them from cleaning you out.