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How can you get a vehicle loan with no credit and without a cosigner?
Wiki User
∙ 12y ago
It's extremely hard!!! I'm going through something similar right now. I have massive amounts of medical bills from a car accident almost 2 years ago. My credit score has gone down by 200 points leaving me no option but to have someone else sign for me. Which creates another problem. Apparently, lenders will not allow me to carry insurance on a vehicle that's in someone else's name. They call it a "straw loan" and this is now illegal because it originally referred to someone buying a gun for someone who wasn't allowed. I guess this is how the Columbine shootings happened. So, those idiots who killed so many (which is far worse than not being able to get a lousy car loan) has screwed it up for others as well. May they burn in HELL!!! So, I guess the bottom line is that you really don't have a good shot at getting a car loan unless you want to go through one of those places that will finance you w/ bad credit. Here's the problem, your rates are going to be way high. Like, you'll be paying $35,000.00 for a $22,000.00 car at the end of your loan!!!
Wiki User
∙ 12y ago
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Can you get another loan without a cosigner?
Yes, if you have a good credit score.
If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
Can I apply for a car loan with a credit score of 593?
This is a very poor credit score. You can apply but it is unlikely you will get a loan without a cosigner. If you are able to get a loan without a cosigner your interest rate will be very high as compare to someone with a good credit score of over 700.
If you are financing a vehicle can you remove the co-owner from the vehicle?
Only if you refinance the vehicle without the cosigner on the new loan.
How can you obtain a student loan without a cosigner?
You can get a federal loan also known as Stanford loan, as it isn't based on your credit history it doesn't need a cosigner. Private loans also don't need credit history and other stuff.
If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
If you are a cosigner on a loan will a loan company repossess the vehicle then let you pay it off and take possession without ruining your credit?
Contact the lender and let them knoiw that if ANY case the debtor defaults to notify you so you can payoff the loan. Add that you will payoff after repo with NO repo reported on YOUR credit.
How can someone be released from cosigning a mortgage loan without ruining their credit?
The only way to be removed from the obligation of cosigner is for the loan to be refinanced.
Can you get a car loan without a co-signer a small loan only about 4000?
Yes, if your credit is good enough. I have never had to have a cosigner for a car loan.
Does it help to have a co signer for an auto loan if you have bad credit?
If you have bed credit, sometimes having a cosigner is the only way you can get an auto loan. The people who lend you the money so you can purchase the car want their money back with interest. If you have bad credit, they may think you will not pay them back. They may think your cosigner does not want his credit ruined and will pay them back. So, while they would not give you an auto loan, they would give you an auto loan with a cosigner who has good credit.
Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?
The cosigner I believe but check with the loan issuers it's in the details.
What are the qualifications of a cosigner?
Normally a cosigner has to be able to pay the loan if the signer does not pay. So the cosigner should have better credit than the person seeking the loan.
