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Smart Shopper Credit Scores and Vehicle Financing
935 messages, Last post on Jul 28, 2009 at 1:12 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: joel0622 (May 14, 2008 10:56 am) |
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Replying to: qbrozen (May 14, 2008 12:38 pm)
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Replying to: burnt (May 14, 2008 2:04 pm) As far as assistance it would epend where you are. There may well be something in your area. Much of this small loan or grant type assistance is done trough local churches and such. That's a good palce to inquire. I agree with you on the fact that your income is absolutely steady. Those marks that your ex put on your credit have got to hurt which is why the thought of a cosigner came up. Best of luck. I think your best shot is through local charities. |
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Replying to: burnt (May 14, 2008 2:04 pm) I think you are making your own assumptions here. None of us are "rich" we all have bills to pay. It sucks what happened to you,but thats life. As someone noted,your best bet for assitance is probably a church charity. A number of organizations take donated cars, fix them up and either sell them or give them to needy people. Failing that, a buy here pay here lot would be your best bet. |
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well then, my apologies. When you said you didn't have insurance, that is not what you meant. I think you can plainly see the confusion. What you should have said is that you didn't have comprehensive or you "didn't have insurance to cover this situation." Something along those lines. Obviously, when dealing with a message board, how you write is very important to interpretation. And, if it were true that you didn't have any insurance, to answer your question about who I think I am. I think I am a driver on public roads and have every right to be protected against uninsured motorists. Since you say you are not one of those, then my comments to you obviously didn't apply and there is no need to get bent out of shape about it. You correct the error and move on. As to your problem, is there anyone you can borrow the down payment from? Meaning a relative? What about the husband? No chance there? And I do hope that you carry full coverage in the future to protect against such mishaps. The car was only 4 years old, after all, and not exactly a junker (at least, that's what I'm assuming). |
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Replying to: burnt (May 14, 2008 1:48 pm) Don't judge them too harshly. They really are trying to be helpful but sometimes forget that they too were once new to asking for help in forums. With a little luck we'll get some better suggestions for you.  tidester, host SUVs and Smart Shopper |
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Replying to: burnt (May 14, 2008 7:41 am) My advice would be to lower your sights on a used car. Not sure what the circumstances were surrounding the 2004 Saturn that caught fire, but for your situation, you need to buy a used car that costs about $5k-$6k and can be paid off in 2-3 years. There are plenty of fairly reliable cars (I'm thinking Buicks) that can be had for that money and will last you 2-3 years without major problems. A cheaper monthly payment will help you get back on your feet. Also at this price point, you may be able to get away with a $500 down payment instead $1000. It may be easier to get someone to loan you $500 (like your husband) for the down payment. Good luck and remember not to put your whole life story out on the internet. We all have issues and situations. Believe it or not this forum is a great place to get advice. |
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Replying to: rroyce10 (Mar 20, 2005 8:46 am) I am looking to trade in my car for another. Last August I received approvals from Capital One and Roadloans and bought my car from a dealership. Since then my FICO's have improved at least 20 points with each of the 3 bureau's, my salary has grown considerably, balances on my credit lines have dropped, and I have made 8 months of on-time payments to my existing RoadLoans loan. RoadLoans flatly declined my new application because I need to make 12 months of payments before they will let me trade in my vehicle and finance another. Capital One declined too but would not say why. (Have to wait for snail mail) Is it likely CapitalOne declined for the same reason that RoadLoans did? Am I better off just waiting until 12 months have passed or should I go into a dealership and let an F&I guy assist? Do I need to sell my car, pay off the loan, and then wait a few months before buying? I need some professional advice! Thanks!
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Replying to: basscadet (May 27, 2008 12:28 pm) You could try going thru the dealer. Or,you could wait and let your credit improve more. 20 points on a low score isn't much of an improvement.
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Replying to: volvomax (May 27, 2008 1:54 pm) Transunion 533 - > 609 Experian 515 - > 546 Equifax 599 -> 619 All terrible scores, no doubt. But if I got a loan offer at the before scores it seems odd that the after scores wouldn't pull some offers. Unless, of course, what you say about the 12 months thing is accurate.
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