his mom wont sign for him and i cant due to no job/sketchy credit myself. is there a way to get someone or a business to co-sign for a higher interest rate or SOMETHING??? hes in a state with NO mass transit and needs to get to work. P.S. his mom lives with him/depends on him... but she still wont sign...
p.s.s. hes was tryin to get a second job too... but without a car, he cant make it to even his primary job.
is there ANY other options??? any suggestions? hes lost all hope.
NO SMART AZZ ANSWERS EITHER!!! JUZ GO AWAY IF UR NOT GONNA HELP!!
2006-08-04 06:45:04 · 7 answers · asked by ~dulceria~ 1 in Cars & Transportation ➔ Buying & Selling
Wooaa!!! Hold on a moment.. There is a reason why the car was repo'd... I understand that he needs a car to go to work, but why are you trying to make a bad thing into something worst... How about going to some local car dealer/rental office and beg for a loaner or beat up car.
Signing or co-signing at a higher interest is a path to self destruction and can follow you the rest of your life. There is a reason why his mom will not co-sign. Is he reliable? How long has he held his job? There are many unscrupulous business or pawn shops that will lend you money at exorbitant rates. These deals should be the VERY LAST resort to solving your problem.
There are many places with no mass transit and workers find ways to go to their job, i.e. hitchhike, carpool, buy a cheap bike, motorcycle, walk, beg a co-worker until he earns enough money ,find a job closer to home, find a home or shelter near a major city, etc.
2006-08-04 07:11:23 · answer #1 · answered by MarianasTrench 6 · 0⤊ 0⤋
Your co-signer is going to love you! heavily, in case you mandatory a co-signer, you probable had no credit or poor credit contained in the first position. Your co-signer, on the different hand, must have had more effective constructive credit. for this reason, by technique of default, your co-signer is going to keep up more effective harm. also, there are such diverse automobiles being repossessed in the present day that some lenders are waiting as a lot as a million year to repossess so that you ought to have defaulted over a tremendous type of funds. each and every default is a ding to both one in all of your credit ratings. so some distance as getting yet another vehicle...you perchance waiting to locate someone who will finance you at 50% interest (perchance your community mobster) yet maximum respected lenders received't contact you with a bargepole.
2016-10-15 11:05:10 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Here's a brutally honest fact: with a repossessed car loan on his credit, he cannot buy mustard for a hot dog even if he has cash and a cosigner. Seriously, he needs to start all over on the credit thing.
At this point, his only option is to purchase a car from a "tote a note" lot...where he makes weekly payments. It will say "buy here - pay here" and the price and payments will be rediculous.
At least he'll have transportation.
2006-08-04 06:51:40 · answer #3 · answered by Stuart 7 · 0⤊ 0⤋
Youll have to get a parent to cosign. Try promising to do something in return or getting a second job to prove that you can pay it back, then change your life and your credit by paying it back faster than expected. Use every penny of the second job to pay the debt to your mom.
Tell her that she can even deposit your paychecks into her account but you need your car. Just sign your checks over to her if you can't trust yourself.
Don't get your friends to do it or you could end up in court pretty easily and lose a good friend.
2006-08-04 06:49:56 · answer #4 · answered by Mama R 5 · 0⤊ 0⤋
I know you ddont want any smart azz answers, but whats left???
He has created his situation himself. No one in their right mind would cosign for a car - thats why his mom wont do it - she isnt stupid. You WOULD BE if you cosigned - because the minute he doesnt make a payment, your credit score gets worse and worse...
The only option is for him to start all over again. And this time, pay his bills. I know, cuz Im not perfect either - Ive lived it. Its possible.
Tell him to buy a motorcycle used...can get to work and wont cost half as much in insurance, gas or maintenance.
2006-08-04 06:56:05 · answer #5 · answered by YDoncha_Blowme 6 · 0⤊ 0⤋
not being smart.......but if he could not make the payments the first time....it will be virtually impossible to find someone to co- sign cause no one wants to be stuck with the payments.....he may have to get a ride with someone who he works with at his primary job....split gas...and save his money for a good second hand car that he can pay CASH for........carpool it for now,,,with the price of gas the way it is................
2006-08-04 06:53:22 · answer #6 · answered by mom2kats 3 · 0⤊ 0⤋
anyone can co-sign, you just need someone who would be willing to do it. does he have other friends he can ask?
2006-08-04 06:49:10 · answer #7 · answered by Flower 4 · 0⤊ 0⤋