Odds of getting a 2nd Car Loan

Currenly my situation is as follows, Military Family living on base in Tucson AZ.I make 45K a Year. (US Airforce)My wife makes 28K a year. (Family Child Care Worker)We currently have 1 vehicle co signed together and bought it about 7 months ago before my wife even had a credit score or a job. We owe roughly 27K on it @ 6.9% APRWe both have credit scores in the mid 600s now and have NEVER missed a payment on a vehicle or have anything in collections.We have about $750 a month going to debts $410 of that is the car payment the rest 2 credit cards and a small 4K personal loan. ( All On time payments)We would like a full size truck for towing and family trips. What do you say the odds of getting a second car loan would be? Any advice? Thanks!

Welcome to MyFico.. How much are you looking to borrow for the car?

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Second Car Loan

I have taken a car loan of $22,000 from DCU @1.74% in May and my car got totaled last week. I paid 2 installments to bank as of now. insurance company adjuster gave a price which I am satisfied and the process is still going on, I think to clear all it will take time, any idea generally how long it will take ?
In the mean while I would like to apply for another loan to buy another car. Instead of paying to a rental car I believe paying to a loan is better.
Is it a good decision to apply for another loan of $20K at DCU? And what are the chances that I will get a loan? my FICO score is 697.
Thanks in advance.

Welcome to MyFico. Getting a 2nd car loan will all depend on your income. As for how long it will take for the adjuster, it will depend on the insurance comapny. Some are very fast while others are slow. Within the next week or 2, you should have that completed.

Cant get a car loan!

I have four unsecured credit cards I got a Chase Slate 1500 credit limit, Discover it card 1500 credit limit, Best Buy Credit Card $2200 Limit, Amazon Credit Limit of $2100. I also have credit with PayPal for $500 and I still have first credit with Capital One of $500. But I am still not getting into a used car loan, I make $9.98 and hour and I bring home $623 every two weeks My credit score is around 680 to 710, I have 25 credit inquires on credit report I dont know if thats a problem or not most of the inquires come from applying for auto loans.

Since you have good FICO scores, i strongly recommend going for a BRAND NEW CAR. Since you already have 23+ inquiries adding another 6-8 to it within a short period is not so bad.unless you have aspirations of getting more credit. I bought a brand new 2015 chevy equinox LS with nearly your scores and $20k financing at 3.99% for 72mos. I was adamant that my income was all commissions only and that i showed him my 655 TU Fico Auto Score and told him i have been in business many many years and that i want you to not apply with captive lender GM financial but find a bank or credit union and use only one bureau. 15 minutes later he found 3.99% for 72 mos. No biggie. they care that you are HAPPY CUSTOMER and HAVE BRAGGING RIGHTS TO SAYING" we did all we could to put you in a brand new car.?"its just not the same with a USED CAR .

After Chapter 7 Car Loan and Rebuilding

This board has a weath of knowledge and has been a big help for me during the process of BK Chap 7 and rebuilding so I thought I would share some hope with everyone. Filed Chap 7 in April 2015 due to a divorce and job loss and health issues. My lawyer asked me why I waited so long? Tried to fix it all myself but was about 125K in debt. Discharged all but 1k and was finished by late June. Now starting the rebuilding process. Got a 400.00 Fingerhut card....but who can afford to buy this stuff? Oh well I will use it once just to have something on my report. Also got a Credit One bank card with a 300.00 limit. Easy to get. Use it for gas and pay it off every month. My scores after BK have climbed from the low 440's to as high as 695 on Experian in July 15. Now in early August Im at 683 Experian and 674 Transunion. So reading all the recommendations and now looking at my 28+ year credit history that is gone, now it shows about 1 yr, I knew I needed to have good payment history moving forward to rebuild. Car loans are supposed to help, so even though I wasn't planning to get a car until next spring, I couldn't stand the curiosity of whether or not anyone will finance me. So I went online and of course RoadLoans gave me 23K with no down car loan at 17%. Off I go to Carmax. They rerun my credit and it takes forever for all the banks to run me thru.....I wait, I wait. I'm looking at a 2014 Hyundai Santa Fe that's about 25K and over my approval amount. Still wait. All the banks decline but Wells Fargo is still in a holding pattern. After what seemed like an eternity, they blow RoadLoans out of the water and give me the 25K with 0 down and 10% interest! So I'm moving along in the process of rebuilding. Figure I will refi in about a year for lower interest thru my credit union.

NCSCNative wrote:
This board has a weath of knowledge and has been a big help for me during the process of BK Chap 7 and rebuilding so I thought I would share some hope with everyone. Filed Chap 7 in April 2015 due to a divorce and job loss and health issues. My lawyer asked me why I waited so long? Tried to fix it all myself but was about 125K in debt. Discharged all but 1k and was finished by late June. Now starting the rebuilding process. Got a 400.00 Fingerhut card....but who can afford to buy this stuff? Oh well I will use it once just to have something on my report. Also got a Credit One bank card with a 300.00 limit. Easy to get. Use it for gas and pay it off every month. My scores after BK have climbed from the low 440's to as high as 695 on Experian in July 15. Now in early August Im at 683 Experian and 674 Transunion. So reading all the recommendations and now looking at my 28+ year credit history that is gone, now it shows about 1 yr, I knew I needed to have good payment history moving forward to rebuild. Car loans are supposed to help, so even though I wasn't planning to get a car until next spring, I couldn't stand the curiosity of whether or not anyone will finance me. So I went online and of course RoadLoans gave me 23K with no down car loan at 17%. Off I go to Carmax. They rerun my credit and it takes forever for all the banks to run me thru.....I wait, I wait. I'm looking at a 2014 Hyundai Santa Fe that's about 25K and over my approval amount. Still wait. All the banks decline but Wells Fargo is still in a holding pattern. After what seemed like an eternity, they blow RoadLoans out of the water and give me the 25K with 0 down and 10% interest! So I'm moving along in the process of rebuilding. Figure I will refi in about a year for lower interest thru my credit union.Welcome to MyFico Congrats on the new vehicle and thanks for sharing your story

Need car loan, having difficulty rebuilding credit.

Hi there! 4 years ago, I was unemployed for about a year. This caused me to lapse on quite a few bills which ended up in collections. Since then, I've paid off about half of them, but the other half have been very difficult to pay off (either the CA has not been helpful in even sending me a letter saying that they will mark it as paid, or other reasons). I have a steady job that pays around $80K, and recently my fiancee's car died. So, we applied for a car loan... which was rejected for derogatory marks (it was made clear that even with a good cosigner, I would not be approved). I have been unable to get any forms of credit to rebuild my credit history - the best I have is a secured credit card (which itself has good history) and am on my fiancee's card (which has good history). I'm simply unsure of what to do at this point. A dealership offered a loan at 25% APR, but it raised the price of the car such a ridiculous amount that I simply cannot afford it anymore (and I can't justify paying _double_ on a car in the end after interest). I honestly have no idea what to do here. Paying off all the creditors still won't remove derogatory marks. Nobody is willing to give me credit other than a ridiculously expensive car loan. I really can't wait a few more years for things to drop off. My current FICO scores show up from the low 600's to the upper 500s. I have been unable to get them to change. Help?

You are pretty much stuck in a deep rut. I was in a similar situation and at the bottom, you just have to make a move, and keep good receipts and records. My suggestions:Pick a debt that is updating monthly on your CRs and after verifying that a CA is the owner of the debt, pay one off. You may not get a PFD, I never did, but several did come off after it was settled, especially medical bills. Some CAs will allow you to make a payment plan, but you must be able to complete it. Others require a lump sum. If you can get the OC to recall the debt and cancel the CA, that is the best arrangement. Then you pay the OC and the CA has no authority so has to be removed from your CRs. If you cant get a PFD and you cant do a PIF, then try for a settlement that will at least make it 'legally paid for less than original amount'. Try to get secured cards, they will still count as Revolving accounts. If you can get a secured card that will graduate to unsecured, that is ideal. You need at least 3 revolving accounts. Keep paying off old debts and keep current with new obligations and your scores will improve. I saw good increases after I got each of my first three cards, and they were all small, as in 250 secured and 300 to 500 unsecured with extremely high interest rates.. hth ETA: And go the Rebuilding Credit forum and read everything! Even posts that dont look like they might apply to you will have info that will come in handy at some time in the future.

NEED a car loan but I have outstanding collections...and no score

ok people. I need help. I NEED a car loan but I have outstanding collections...and no score. I am in the worst possible situation. My car completely went and I can't really afford to fix it. I am trying to work on my credit, just recently got a secured card and am working on paying off 10 remaining collections. (all small - total of about $4k) So I wasn't planning on applying for a car loan right now, but I figure IF i can get one it will only help my credit. Problem is I stopped using credit about 5 years ago and was advised that I have NO SCORE. (the secured card is only one month old, don't think it's reporting yet) DOES ANYONE KNOW OF A BANK THAT WOULD GIVE A CAR LOAN WITH THE NO SCORE/COLLECTION COMBO I HAVE GOING ON? Thanks, I appreciate it! I'm in a crunch as I have a rental car and just really need to figure something out.

SueNami wrote:
WELLLL... I 'could' get a junker... but my biggest issue is that my commute is 43 miles one way and that doesn't count dropping my kid at daycare. All in all I'm on the road about 2 1/2 hours per day and I'm just terrified of another car letting me sit. I know there's no guarantee with any car... but IF someone here knew of a place that would give a loan and I could get a reliable vehicle I'd feel much better about it. I'd prefer NOT to do the buy here pay here cause the prices of the cars are rediculous. If I can buy a car at value but pay 20% now, I'd do that because in 6 months to a year I can refinance an appropriate value (maybe a couple more bucks down) and then have a decent thing going. Give exeter finance a call and see if they can do anything. I got financed through them last year with ~ 500 scores. The interest is horrible at 18.99%, but at 36 months the payments were not too bad. I'm also planning on doing a refi (or maybe a trade-in) once my scores improve.Explain the situation with your scores, maybe they can get an auto enhanced score generated from your history.

What would you do? Thinking about refinancing car loan. Credit not yet optimized.

Currently my objective is to get my credit scores to the high 700's-800 by years end so i can apply for a mortgage and be on my way to the American dream and home ownership. I started my subscription to MyFico last month and here are my scores: Equifax: 748 June 30, 2015, now 757 July 11, 2015Trans Union: 701 June 30, 2015, now 723 July 10, 2015Experian: 737 June 30, 2015, no updates With that said my credit score is not yet optimized to what i am aiming for. And i do not mind paying a little more to accelerate my path to optimization. Example: keeping a <10% balance on my credit cards versus keeping a zero balance. My current auto loan was originally for $31,000 at 6% for 5 years and i've made a full year of installments. I keep reading about DCU and their super attractive 1.74% APR. I also currently have an account with Penfed (though they have denied me a year ago when requesting for a $50k auto loan). If you were me, would you risk a drop in credit score for better car loan terms now? Or would you wait (if all goes as planned) until after i apply for and get a mortgage? If i can get approved for 1.74%, that'll decrease my payment from $600 to $540 or it would allow me to pay off the loan 6 mos early.

slipper wrote:
Currently my objective is to get my credit scores to the high 700's-800 by years end so i can apply for a mortgage and be on my way to the American dream and home ownership. I started my subscription to MyFico last month and here are my scores: Equifax: 748 June 30, 2015, now 757 July 11, 2015Trans Union: 701 June 30, 2015, now 723 July 10, 2015Experian: 737 June 30, 2015, no updates With that said my credit score is not yet optimized to what i am aiming for. And i do not mind paying a little more to accelerate my path to optimization. Example: keeping a <10% balance on my credit cards versus keeping a zero balance. My current auto loan was originally for $31,000 at 6% for 5 years and i've made a full year of installments. I keep reading about DCU and their super attractive 1.74% APR. I also currently have an account with Penfed (though they have denied me a year ago when requesting for a $50k auto loan). If you were me, would you risk a drop in credit score for better car loan terms now? Or would you wait (if all goes as planned) until after i apply for and get a mortgage? If i can get approved for 1.74%, that'll decrease my payment from $600 to $540 or it would allow me to pay off the loan 6 mos early.I'd refi now. Too big of a difference not to.

The KitKat upgrade has been a disaster. home wireless is no longer recognized, even going through the set-up process. It does not connect to the car through Bluetooth seamlessly--I have to add my phone as a new device each time I get in the car. In atte

My home wireless is no longer recognized, even going through the set-up process. It does not connect to the car through Bluetooth seamlessly--I have to add my phone as a new device each time I get in the car. In attempting to solve these problems I have gone to settings-phone-upgrade and it states that the upgrade is available-select to continue-(which I do)- it checks -please wait and it then states that update not available - try later.

Maybe not too late to help you.
For specifically fixing the Bluetooth, un-pair your phone with the car, and go through the process of repairing the two.
In general, the KK update requires many of us (different phones) to perform a Factory Data Reset after we back up our personal content (pictures, music, movies, or other downloaded files) to a PC or MAC. This will result in you having to do a bit of work to setup icons for the programs you use, and maybe putting in the specifics again for email accounts and other specialized apps. So if you are going to do this sort of thing... copy important information/settings down on paper.
HTH.

How can I get the 2nd copy of my fiscal note? I live in Brazil and my iphone was bought in USA

How can I get the 2nd copy of my fiscal note? I live in Brazil and my iphone was bought in USA

What is a fiscal note? Contact the place where you bought your iPhone in the US.
Warranty is valid only in US.

Is it possible to get a 2nd REPLACEMENT ?

Hey guys i am on a free replaced iphone 4 due to cracked screen. I got it replaced dec 2010.
Now my camera has stopped working with iPhone camera app, but working with other 3rd party camera apps.
I am wondering if i should go to the genius bar to get a 2nd REPLACEMENT ?

prankz wrote:
Yes i have tried all the options .... Also my iphone has been opened and repaired before.
So does that void my warranty ?
Depends on who opened and repaired it.

If i get a replacement refurbished iPhone can i get the apple care warranty with it?

im not sure about getting an out of warrantly replacement iphone 3gs and would love to know if i can get the apple care warranty if i do or does it only include the 90 day warranty?

A refurbished iPhone comes with the same one year limited warranty as a new iPhone.
http://store.apple.com/us/browse/home/specialdeals
"We back it with our standard one-year limited warranty. And you have the option of purchasing an AppleCare Protection Plan for it."

Where can I get a 2nd Tray for this HP 8600 PRO and how much? I am in Brisbane

Where can I get a 2nd Tray for this HP 8600 PRO and how much? I am in Brisbane
Thanks
Ftcukoz

Hi,
The brochure says only available in the US or North America only:
http://www.hp.com/hpinfo/newsroom/press_kits/2011/InnovationforImpact/OJ8600_Series_FeaturesGuide.pd...
But you can order from the following shop:
http://www.techbuy.com.au/p/186748/PRINT_ACCESSORIES_PAPER_TRAYS/HP/CN548A.asp
Regards.
BH
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HT1349 how do I get the apple care registration number?

how do I get the apple care registration number?

If you purchased your iPad from Apple directly and bought AppleCare at the same time, the plan will have automatically been applied and you won't have a separate number you need to register.
Regards.

How can i get my 2nd laptop to read home sharing with my other laptop and mac mini.

how can i get my 2nd laptop to read home sharing with my other laptop and mac mini.

if I take the laptop off site, i loose the connection
Of course you do because you're no longer on the same network.
Connect to your work's VPN connection and then share the files

Why do i keep getting a 2nd shortcut on my desktop for Mozilla-Firefox. I keep deleting the 2nd icon and it keeps coming back.

I started getting a 2nd shortcut icon on my desktop for Mozilla Firefox. Every time I delete this 2nd icon, it comes back and I don't know why.

Sometimes a problem with Firefox may be a result of malware installed on your computer, that you may not be aware of.
You can try these free programs to scan for malware, which work with your existing antivirus software:
* [http://www.microsoft.com/security/scanner/default.aspx Microsoft Safety Scanner]
* [http://www.malwarebytes.org/products/malwarebytes_free/ MalwareBytes' Anti-Malware]
* [http://support.kaspersky.com/faq/?qid=208283363 TDSSKiller - AntiRootkit Utility]
[http://windows.microsoft.com/MSE Microsoft Security Essentials] is a good permanent antivirus for Windows 7/Vista/XP if you don't already have one.
Further information can be found in the [[Troubleshoot Firefox issues caused by malware]] article.
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Odds of getting a 2nd Car Loan

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