My boyfriend is 20 and has never even had a bank account. He makes okay money, but he cashes it every week. I am 19 and I've had a bank account since I was 14. I went to college for a year, and then decided to leave, so now I've got a bunch of open loans and only about a year of credit history. We REALLY need a loan so that we can get a car. Do we have a chance? How do we go about this? I know there are a lot of seedy places, but are there some reputable ones? Will a bank help us out?
2007-11-19 15:38:39 · 10 answers · asked by Anonymous in Business & Finance ➔ Credit
He has a better chance at getting a car first than you do. Your credit is jacked up, and he have no credit. Even though no credit is like bad credit, they would still be willing to give the loan to him before you. It is not good to mix good credit with bad credit. He stands a better chance at getting the car alone. So before you guys try getting a loan together, let him try first. As long as he has a job where he could pay it back, he should be good to go. You don't have to make a lot of money to be able to purchase a car. Just be sure that you find a car in the price range that you can afford. Do not go over your head, just be reasonable. Don't go beyond your standards. Good luck.
2007-11-19 15:54:43 · answer #1 · answered by tilishabingo 2 · 0⤊ 0⤋
I'm certain that you must find many financial solution at= loandirectory.info-
RE My boyfriend has NO credit and I have bad credit. Can we get a loan?
My boyfriend is 20 and has never even had a bank account. He makes okay money, but he cashes it every week. I am 19 and I've had a bank account since I was 14. I went to college for a year, and then decided to leave, so now I've got a bunch of open loans and only about a year of credit history. We REALLY need a loan so that we can get a car. Do we have a chance? How do we go about this? I know there are a lot of seedy places, but are there some reputable ones? Will a bank help us out?
2014-08-18 15:20:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
He needs to open an account at a credit union and be responsible for 6 months. You have bad credit and people are going to rip you off. Your interest rate will be through the roof. He could have a better chance of getting a car loan through the credit union of 7 or 8 percent as opposed to you getting one at 21 percent or higher. You do not want a car loan with double digit interest. It doesn't matter that you had an account since you were 14. You have bad credit. If you can have your boyfriend's parent to cosign for him that would be best.
2007-11-20 02:32:16 · answer #3 · answered by Lola 2 · 0⤊ 0⤋
To be honest, not in your situation. Banks and lenders avoid those of high risk of default. But i have a suggestion that might help. Just be practical and save enough money to buy a good used car that will do the job. Find a auto repair shop that specializes in a make, like a Volvo independent shop. The reason why is that if they have a used car to sell they know what preventive maintenance and specific repairs it needs for the longevity of the car and your moneys worth.
2007-11-20 00:02:51 · answer #4 · answered by shaw 3 · 0⤊ 0⤋
Hello Every body,
I live in the US and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through really rough times in my life and my name is Helen Peters and in all this hard times, a worse incident occured in my life as i lost my job which was my only means of survival and things became really bad as i had bills to pay and my last son suffered a knee injury incurred when he fell from a tree house and the doctors informed me that he needed a surgical operation for his knee so he could walk again and at this point, life was useless to me as i have no family and no one to run to and each night, i will sit down and cry till the break of dun until one day, i read an advert on yahoo answers of man that stated that he could help people in my shoes with loans and in my desperate situation, i had no choice but i had to try and so shocking and suprising, it was like an impossibility becoming a reality, i got a loan of $60,000 USD even with my bad credit within 48 hours and my sons surgery was done and thank GOD it was successful and now, i am okay and living in comfort with my kids and i said to my self, i have never ever seen this kind of wonder in my life and i decided i will tell it to the whole wild world and i need every one to thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family even when all hope had been lost and gone and i will say to every one, no matter how dark and sinful the world is today, there are still GOD fearing and reliable people on earth and if you are in my former situation or require a loan legitimately, i will advice you contact this loan lender and you can reach him via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
2007-11-23 04:25:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They might help both of you. He needs to open a savings and a checking. Make deposits regular into his accounts and you should also. In 6 months maybe sooner with a co-signer you could get a auto loan, or maybe a personal loan.
2007-11-19 23:43:23 · answer #6 · answered by ruscito_mom 2 · 0⤊ 0⤋
It will be easier for the one with bad credit to get a loan than the one with no credit.
2007-11-19 23:46:11 · answer #7 · answered by Evan S 2 · 0⤊ 0⤋
Yes. There are many companies now that give loans to people even if they have bad credit score.
try to google it or check this resource: http://www.badcreditresources.com/bad-credit-personal-loans.html
I hope this will be helpful.
2007-11-21 14:05:26 · answer #8 · answered by Anonymous · 0⤊ 0⤋
check out www.callusfirstfinance.com or to see what the providers are after they are some non bank lenders on the panel good luck
2007-11-20 17:31:40 · answer #9 · answered by Anonymous · 0⤊ 0⤋
need a large downpayment or a co-signor.
2007-11-19 23:42:56 · answer #10 · answered by !!! 7 · 0⤊ 0⤋