I just got a divorce and he left me with the bad credit. I have three jobs and am fully able to pay for a car, but do not know where I can get credit. When I tried they told me that not only was my credit rating too low, but, he was awarded our brand new car (which was a birthday present to me, ha) and since he doesn't have to refinance it, my name is still on the loan. He is making all the payments on time, but, it still shows that I have a loan on it. Regardless, they tell me no, because of my credit. Is there anyone that makes car loans for people like me?
2006-07-10 09:45:26 · 5 answers · asked by shrtsh_t30 1 in Business & Finance ➔ Personal Finance
Do you own a home? If you do you may be able to pull equity out of your home to buy a car cash. (cash out refinance)..
If not, then i would suggest getting your name off of the car loan...Call the company that the loan id through, explain the situation, and they will have to remove your name. If you are no longer married, and are not in posession of the car, then they have to remove your name (They will have to verify it with your ex husband)
If you do own a home though, you can actually get a new car with a lower payment by amortizing over a typical 30 year mortgage as opposed to a standars 5 year car loan...
My name is Jason Fry, and I am a loan officer with Providential Bancorp, a nationwide mortgage lender. We are partnered with over 80 different investors that all have different options. We specialize in working with people with below average, or bad credit..
I'd be happy to assist you in a refinance, or at least be able to let you know exactly what YOU QUALIFY FOR. You can then make a more informed, and educated decision whether it would be the right move for you.
Feel free to give me a call at 312-264-6448, or
you can email me at Jasonf@providential.com.
Thank You,
Jason Fry
Providential Bancorp
2006-07-10 10:06:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can try CarMart. They do inhouse financing and will report to the credit bureau to help our score. Also, there are places that will give a car loan no matter what your credit score, but the interest is high. Do a search for Get A Car Now in google. We live in Northwest Arkansas and they have a dealership called Kent Riley that does loans like that. Good luck to you.
2006-07-10 09:49:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
try to get your name off the loan, or get the car. after that, save up and by a cheap car, or hi risk places like J.D byryder. or some local "buy here, pay here" places
2006-07-10 09:48:45 · answer #3 · answered by piopo 3 · 0⤊ 0⤋
should not be a problem here
they understand people need second chances because of things out of your control like divorce
http://www.wesayes.com
2006-07-10 09:56:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
don't do eney thage about it dhu.
2006-07-10 09:48:02 · answer #5 · answered by kooljojokat 2 · 0⤊ 0⤋