2006-08-01 23:42:41 · 8 answers · asked by Tomy 2 in Business & Finance ➔ Credit
It means no other car place will trust to give you a car loan. You didn't handle your credit obligation by making your car payments.
2006-08-01 23:47:42 · answer #1 · answered by nastaany1 7 · 1⤊ 0⤋
You need to learn to live within a budget, and not take out any loans at all. Avoid "credit problems okay" lenders, they just get you deeper into the problem.
Learn to spend less than what you make, save some, and plan ahead!
2006-08-02 01:10:02 · answer #2 · answered by Love2Sew 5 · 0⤊ 0⤋
Ruined credit, near impossibility of future loans for a car, house, credit cards...for at least 7 years. Car will be reposessed. Might also make it difficult to get another job if you leave your current job for some reason.
2006-08-02 01:12:09 · answer #3 · answered by ModelFlyerChick 6 · 0⤊ 0⤋
It means that you will now have a bad credit score and it will show up on your credit report for no less then 7 years! Companies of all kinds check this report and will mot quallify you for anything... Speaking from experiance, my credit used to be so bad that I couldn't even get a cell phone!!!
2006-08-01 23:53:15 · answer #4 · answered by Starfish 1 · 0⤊ 0⤋
You may still qualify for "less than perfect" auto loans. But, you should always strive to maintain a high credit score by paying your bills. Try this one:
http://monetizeit.net/z/1482/CD948/
2006-08-02 06:04:04 · answer #5 · answered by Harvy S 2 · 0⤊ 0⤋
It means that you will have a hard time getting another loan for another car, or anything else you need a loan for.
2006-08-01 23:47:44 · answer #6 · answered by kitty fresh & hissin' crew 6 · 0⤊ 0⤋
It means you will have a hard time getting a loan so you can go to school to learn how to spell!
2006-08-01 23:53:48 · answer #7 · answered by Shell_Answer_Man 2 · 0⤊ 0⤋
bad luck for u. no other bank credit union or dealership will be able to give u a loan. u really need to learn how to spell.
2006-08-02 01:01:42 · answer #8 · answered by koifishlady 4 · 0⤊ 0⤋