In real dire need of financial and credit advice?

Question

basically i have become over my head in bills and am in dire need of a vehical. 2 problems:

1. i have little or no credit (depends on who checks it)
2. I have little money for down payments or even to pay my bills.

Without credit, it i'm having a difficult time getting a vehical cuz i don't qualify for any lagitamite loans. And i need to somehow consolidate my bills. if i can do one or the other, i can save my self, but i need suggestions. my one friend suggested a Credit Union might help me get a loan for a vehicle. if not, i was thinking debt consolidation anyway.

Can someone help?

Answer 1

Debt Consolidation - Get Out Of Debt
http://www.askaquery.com/Answers/qn1643.html

How to Hire a Debt Counselor?
http://www.askaquery.com/Answers/qn1584.html

What is Debt Relief?
http://www.askaquery.com/Answers/qn1583.html

Debt Management and Building Wealth
http://www.askaquery.com/Answers/qn1581

How to lower your debts?
http://www.askaquery.com/Answers/qn1576.html

How to reduce debt : How to lower your expenses?

http://www.askaquery.com/Answers/qn1577.html

Answer 2

Remember that getting the vehicle is only the start of the bills - there's insurance, DMV fees, gasoline, maintenance and repairs...if you're having trouble keeping things together now, adding a car to the mix might not be the fix you're hoping for.

Does it have to be a vehicle-vehicle? Or would maybe (now, don't laugh) a moped do the trick for now? (Hey, I said don't laugh!)

Anyway, make sure you take that stuff into account before you buy; research the best VALUE for your money. Look for brands that hold their value well and people aren't constantly kicking around as being 'break down artists.'

Now that I've put the big downer on you...credit unions often have different criteria than traditional banks and can be more "forgiving" of limited or 'eh' credit. Depending on the actual outfit, they sometimes even have longer terms of credit available - a longer term costs more in total interest paid, but can help keep the monthly costs way down. Usually these are offered on the $OUCH_EXPENSIVE models, but you might be able to reason with them.

Some dealerships will also have loans designed for 'high risk' credit profiles - watch for banners like, "BAD CREDIT OK" or "WE FINANCE ANYONE!". Be warned: the interest rate is often outright robbery and the terms are stringent (they'll be a lot quicker to come around to repossess if you don't pay on time), but they will often deal with you when nobody else will.

Good luck!

Answer 3

Consumer Credit Counseling Services
CCCS

Answer 4

If you have bad credit, debt consolidation would be ok because they normally pay your bills late, but they are successful in stopping finance charges and late fees. If you just have little to no credit, you can go to a dealership specific to your needs. (just search the web)

Answer 5

Dave Ramsey has reported assorted circumstances that he does not use credit. He does not borrow money for any reason. He does state that he makes use of a debit card for convenience, which i'm guessing probable does have the VISA or credit card logo. In an emergency such as you describe, he probable makes one rapid call to have as plenty money as he desires under pressure out to him anyplace he's.