Monthly Gross income is $30,000
2006-11-28 15:48:18 · 8 answers · asked by Greg L 1 in Business & Finance ➔ Credit
24.99%. No, I'm not joking.
2006-11-28 15:49:44 · answer #1 · answered by cyanne2ak 7 · 0⤊ 0⤋
1
2016-09-26 07:25:34 · answer #2 · answered by Bertha 3 · 0⤊ 0⤋
Why do you need a car loan if your monthly income is $30k. Just save a month or two and pay cash. I know you are trying to rebuild your credit, but you will have huge interest rates. Avoid a loan for about 6 months if you can to show you aren't about to default again.
2006-11-28 15:53:22 · answer #3 · answered by Jen 5 · 0⤊ 0⤋
Is that yearly gross or monthly? If monthly it shouldn't be too bad of a rate but yearly you can be sure its in the 20+ range. You can find out more thru my blog. There is a couple auto loan companies you can get a quote from free. They claim to help the bad credit type too. I'm not saying you got bad credit but whether you do or not it wont hurt to findout what they offer. http://painintheexhaust.blogspot.com
2006-11-29 13:32:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Sky high interest. 20% or more. But if you are making $30k a month, why not just pay off the car in full? That's a LOT of money. How could you even declare bankruptcy with that kind of income?
2006-11-28 15:51:07 · answer #5 · answered by dcgirl 7 · 0⤊ 0⤋
20% and above. If you didn't have that discharge it would be lower. But with that discharge it's going to rack up that interest.
2006-11-28 15:51:10 · answer #6 · answered by BTB 08/15/2009 2 · 0⤊ 0⤋
yes you can expect high interest rates, if need to be look at a longer term. make payments always on time and look at refinancing. go talk to a lender it dose not hurt. with that kind of income you should not have a problem.
2006-11-28 17:27:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Are you speaking of a military discharge?
2006-11-28 15:57:22 · answer #8 · answered by Alicia L 4 · 0⤊ 0⤋