Bad/No Creditin need to refinance vehicle....?

Question

I am in desperate need to refinance my vehicle. I am currently paying payments on the vehicle but the loan has been in my boyfriend’s dad name. I am splitting apart from my boyfriend and would like to refinance and have myself added to have security and also get the car credit on my credit report. I thought Household was the easy financial company to refinance but apparently not. My boyfriend’s dad has OK credit …..Please send me some details on a good company to refinance my vehicle with.

Answer 1

Your boyfriend's dad's credit doesn't have anything to do with YOU. Who is the vehicle titled to? IF it's titled to HIM then you are looking for a Purchase loan (from private buyer) and YOUR credit is what is going to matter. IF the vehicle is already titled in your name, why is the loan in your boyfriend's dad's name?

Answer 2

People-to-People Lending. It's an old idea that's new again.

People who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy.

Until now, financial institutions have controlled who is able to obtain credit and the rates people pay, over time, this one-sided control has bred inefficiencies and excessive margins – leading to higher rates for borrowers, and restricting people who have money to lend from entering and generating income from this vital and lucrative market.

Prosper gives people the opportunity to take back the marketplace for consumer credit, Prosper aims to make consumer lending more financially and socially rewarding for everyone by letting the borrowers set the maximum rate they are willing to pay a lender, which prevents the loan from being funded at a rate higher than the borrower wants to pay.


http://www.prosper.com/join/GlobalFundingSource

Answer 3

Check with your bank or credit union.

You probably are going to have to pay a really high interest rate.