I currently have a credit card with Capital One that has been in good standing for almost a year. My Experian credit score is 590. I have no accounts in bad standing. I have a student loan I am paying on. Another credit card with a balance of $100 which will be paid off at the end of this month. I was just wondering if Capital One works with people with lower credit scores? I know it would be a really high interest rate if they did. Thanks
Can I get an auto loan through Capital One with a 590 credit score?
Yes. They will charge around 17% interest though. And you will need to verify your income with past tax returns or pay stubs. I advise if you must get a car now get a loan with them. They will give you a check with a max limit you can spend. Then bring that check to the dealership and see if they can beat the rate cap. one give you. You could always refinance the loan at a later time with capital one, maybe after year of on time payments at a much lower rate.
http://creditcardwarehouseonline.com
you can find a cap one app at and also other subprime lenders at
http://creditcardwarehouse.ecreditdirect...
Reply:You may have a good shot especially if you're a current customer in good standing and if you apply directly from their homepage. It's impossible to tell you for sure that you'll be approved since most lenders rely on more than just Experian credit score. They'll likely factor in credit scores from all 3 credit agencies, auto loan history, and any delinquencies on your Capital One credit card. Seems like it's worth a try...good luck.
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://best-loans.awardspace.com/autoloa...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:Capital One does do some sub-prime lending, which is usually targeted to people with lower credit ratings. It might be better to wait until you can boost your credit rating, however, because you will probably be looking at high monthly payments, exorbitant interest rates, etc. In some instances, your credit rating will also affect your auto insurance rate, and since you are financing, you will have to carry collision, which is something else to think about.
Monday, August 3, 2009
I purchased a 'used car' using an auto loan last year.Can i get any tax-returns by showing this as expenses?
I paid 5 installments of the car loan repayment last year.(including Dec 2007)
I purchased a 'used car' using an auto loan last year.Can i get any tax-returns by showing this as expenses?
Interest on auto loans is not tax deductible. If you are itemizing your tax return and used the vehicle for company business you could deduct mileage costs.
Reply:If you use the car for business, then you can deduct the interest.
Or, if you use the car to go from one job to the next job, you can include the miles as an expense in Schedule A (Itemized Deductions)
You can also right-off the taxes you paid for buying the car.
This also goes on Schedule A.
Ask your tax preparer for more information.
Reply:Did you use it for business? I don't mean commuting back and forth to work.
If not, the answer is no.
I purchased a 'used car' using an auto loan last year.Can i get any tax-returns by showing this as expenses?
Interest on auto loans is not tax deductible. If you are itemizing your tax return and used the vehicle for company business you could deduct mileage costs.
Reply:If you use the car for business, then you can deduct the interest.
Or, if you use the car to go from one job to the next job, you can include the miles as an expense in Schedule A (Itemized Deductions)
You can also right-off the taxes you paid for buying the car.
This also goes on Schedule A.
Ask your tax preparer for more information.
Reply:Did you use it for business? I don't mean commuting back and forth to work.
If not, the answer is no.
How can i put up the complaint in regard of Auto Loan?
I have purchased Hyundai Verna with the loan amount 635500 but as per commitmtnt of HDFC agent the rate of interest is 12.25 % however they placed 14%.
How can i put up the complaint in regard of Auto Loan?
a 6 hundred thousand dollar hyundai...
hmmm
anyway, read your contract/purchase agreement, make sure it says 12.25 (they trick you sometimes) and then go back in there and tell them to fix it.
Reply:Check your papers first and then go to the company, and tell them to fix the interest rate. If the problem still exist then you can go to consumer court.
Reply:I love all the answers from the scam artists on here trying to get you to get a loan. At anyrate, go to the dealer and tell them and double check your paper work.
How can i put up the complaint in regard of Auto Loan?
a 6 hundred thousand dollar hyundai...
hmmm
anyway, read your contract/purchase agreement, make sure it says 12.25 (they trick you sometimes) and then go back in there and tell them to fix it.
Reply:Check your papers first and then go to the company, and tell them to fix the interest rate. If the problem still exist then you can go to consumer court.
Reply:I love all the answers from the scam artists on here trying to get you to get a loan. At anyrate, go to the dealer and tell them and double check your paper work.
How can I get off an auto loan as a Co-signer?
I co-signed for a loan for my girlfriend and she wont refinance it. She is destroying my credit. What are my options?
How can I get off an auto loan as a Co-signer?
live and learn. either she refinances it to put it in her name or you pay it off. those are your options
Reply:This is a situation we see quite often where I work. Bottom line is you can't make her do a thing and you are as responsible for the debt as she is. If she doesn't pay they come after you. You just learned why you NEVER co-sign anything for anyone. To make your credit look better---pay it yourself. Yes that sucks but it's the only way to take care of your own credit. Learn more about credit at bankrate.com
Reply:You need to slap the **** out of her!
Reply:You don't have any. Either she refinances it or you take it over to keep your credit clean.
Reply:To be perfectly clear, a co-signer is an individual who agrees to pay the debt of the primary borrower should she fail to make the payments as required by the promissory note she signed.
Before you co-sign for somebody, you must ask yourself the following questions:
(1) Will my relationship with the co-signer last longer than the financing period of the loan? If the auto loan is 72 months, will this woman still be my "girlfriend" six years from now?
(2) Can I gauge my girlfriend's ability to repay this loan better than a auto financing company that has been doing this for years, if not decades?
(3) Do I feel comfortable letting this person jeopardize my credit should they fail to pay the auto loan on time?
(4) Am I willing to pay for this debt should this person become MIA or refuse to make any payments whatsoever?
If the answer to all of these questions is 'yes', then sign.
If the answer to any of these questions is 'no', then respectfully decline the request to co-sign the loan.
You don't have many options. You have to convince your girlfriend to sell (or refinance) the car, but why would she do that since she knows (1) HER credit is horrible and (2) her ability to get another car with her own credit is slim-to-none.
As co-signer, you are in the back seat, but you absorb all of the risk should the primary borrower default. This is why co-signing is a lose-lose proposition. You can not force the primary borrower to refinance and you can't force her to sell.
The best you can do is remain her boyfriend and collect her money for the auto loan on HER payday and pay the auto loan yourself.
That is the only way to ensure that the auto loan is paid on time.
Reply:You can't get off the loan because you guaranteed that you would be responsible for it. Since she wants to be an idiot, you need to play hardball and take your life back. You can consult with an attorney at a low cost, sometimes as low as 50 dollars, and I think you owe it to yourself to do so. This girl is really making me angry. She's an embarrassment to all women. Please don't sit back and let her do this to you.
Reply:Pay off the loan. You are stuck.
purchase flowers
How can I get off an auto loan as a Co-signer?
live and learn. either she refinances it to put it in her name or you pay it off. those are your options
Reply:This is a situation we see quite often where I work. Bottom line is you can't make her do a thing and you are as responsible for the debt as she is. If she doesn't pay they come after you. You just learned why you NEVER co-sign anything for anyone. To make your credit look better---pay it yourself. Yes that sucks but it's the only way to take care of your own credit. Learn more about credit at bankrate.com
Reply:You need to slap the **** out of her!
Reply:You don't have any. Either she refinances it or you take it over to keep your credit clean.
Reply:To be perfectly clear, a co-signer is an individual who agrees to pay the debt of the primary borrower should she fail to make the payments as required by the promissory note she signed.
Before you co-sign for somebody, you must ask yourself the following questions:
(1) Will my relationship with the co-signer last longer than the financing period of the loan? If the auto loan is 72 months, will this woman still be my "girlfriend" six years from now?
(2) Can I gauge my girlfriend's ability to repay this loan better than a auto financing company that has been doing this for years, if not decades?
(3) Do I feel comfortable letting this person jeopardize my credit should they fail to pay the auto loan on time?
(4) Am I willing to pay for this debt should this person become MIA or refuse to make any payments whatsoever?
If the answer to all of these questions is 'yes', then sign.
If the answer to any of these questions is 'no', then respectfully decline the request to co-sign the loan.
You don't have many options. You have to convince your girlfriend to sell (or refinance) the car, but why would she do that since she knows (1) HER credit is horrible and (2) her ability to get another car with her own credit is slim-to-none.
As co-signer, you are in the back seat, but you absorb all of the risk should the primary borrower default. This is why co-signing is a lose-lose proposition. You can not force the primary borrower to refinance and you can't force her to sell.
The best you can do is remain her boyfriend and collect her money for the auto loan on HER payday and pay the auto loan yourself.
That is the only way to ensure that the auto loan is paid on time.
Reply:You can't get off the loan because you guaranteed that you would be responsible for it. Since she wants to be an idiot, you need to play hardball and take your life back. You can consult with an attorney at a low cost, sometimes as low as 50 dollars, and I think you owe it to yourself to do so. This girl is really making me angry. She's an embarrassment to all women. Please don't sit back and let her do this to you.
Reply:Pay off the loan. You are stuck.
purchase flowers
Where can I go online to refinance my current auto loan?
I had to file bankruptcy 08/2005 after my divorce so my credit is poor. But I am needing to refinance my loan? I am single mother who is trying to find ways to cut payments? Anybody please help????
Where can I go online to refinance my current auto loan?
I found a site that lists a couple of services that will help you find an auto loan with poor credit. Just make sure that they don't ask you to pay a fee for finding you a lender. Anyone who does will likely scam you.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Sorry to tell you this, but it will be nearly impossible to find a lender willing to refinance a used car loan, with a person that has poor credit, and a bk in their history.
Reply:try lendingtree.com
Reply:Credit Unions are probably your best bet on this one - they tend to have lower rates. You just have to qualify to join them!
Reply:You should start by looking at local credit unions. Your credit doesn't have to be perfect, they use common sense in their underwriting of loans, and if they say yes, the rate will be far less than a finance company would offer.
Reply:I am a mortgage consultant and there is not to many lenders out there that do refinancing on auto loans and you also have a B/K with bad credit. My best advice would be to refinance your home if you have one and include that and any other debt you may have in with it. The interest rate will be a lot better then you would get on any car loan and your credit cards. If you include all of you debt in the mortgage it could help you save hundreds of dollars a month...
Where can I go online to refinance my current auto loan?
I found a site that lists a couple of services that will help you find an auto loan with poor credit. Just make sure that they don't ask you to pay a fee for finding you a lender. Anyone who does will likely scam you.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Sorry to tell you this, but it will be nearly impossible to find a lender willing to refinance a used car loan, with a person that has poor credit, and a bk in their history.
Reply:try lendingtree.com
Reply:Credit Unions are probably your best bet on this one - they tend to have lower rates. You just have to qualify to join them!
Reply:You should start by looking at local credit unions. Your credit doesn't have to be perfect, they use common sense in their underwriting of loans, and if they say yes, the rate will be far less than a finance company would offer.
Reply:I am a mortgage consultant and there is not to many lenders out there that do refinancing on auto loans and you also have a B/K with bad credit. My best advice would be to refinance your home if you have one and include that and any other debt you may have in with it. The interest rate will be a lot better then you would get on any car loan and your credit cards. If you include all of you debt in the mortgage it could help you save hundreds of dollars a month...
Will a 743 credit score get me a good auto loan?
I am going to be a college senior. I currently have a credit score of 743 and need to buy a new car. I was wondering if I will be able to get a loan without a co-signer with this credit score. I make about 1600 a month and go to school full-time.
Will a 743 credit score get me a good auto loan?
yes
Reply:I also have a 743 credit score and I have browsed cars at dealerships. At the mention of a 743, they readily say that it is a good score. However, there is something called a car credit score, your history with buying and making payments on cars, that they consider heavily. Report Abuse
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://best-loans.awardspace.com/autoloa...
http://best-loans.awardspace.com/auto.ht...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:credit wise this is a pretty good score. So if you don't have a lot of outstanding debt (which is still possible even with a good score) you should be able to get a fairly competitive loan.
Reply:You will definitely be able to get a car loan with that score.
What I encourage you to do, however, is try to save up enough of your own money to either buy a reliable used car, or put a big down payment on a car. You can find reliable, dependable used cars for under $10,000. You can save a lot of money when you don't have to worry about a car payment.
I am going to be getting another car next year and I plan on paying for it in cash. I will NEVER again have a monthly car payment. Cars lose so much of their value in a relatively short amount of time, but people will finance them for $15,000-$20,000. Don't make that same mistake.
Reply:If u can't get a car with a 743, I don't know who can. U can buy a house with a 600, so what do u think?
Will a 743 credit score get me a good auto loan?
yes
Reply:I also have a 743 credit score and I have browsed cars at dealerships. At the mention of a 743, they readily say that it is a good score. However, there is something called a car credit score, your history with buying and making payments on cars, that they consider heavily. Report Abuse
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://best-loans.awardspace.com/autoloa...
http://best-loans.awardspace.com/auto.ht...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:credit wise this is a pretty good score. So if you don't have a lot of outstanding debt (which is still possible even with a good score) you should be able to get a fairly competitive loan.
Reply:You will definitely be able to get a car loan with that score.
What I encourage you to do, however, is try to save up enough of your own money to either buy a reliable used car, or put a big down payment on a car. You can find reliable, dependable used cars for under $10,000. You can save a lot of money when you don't have to worry about a car payment.
I am going to be getting another car next year and I plan on paying for it in cash. I will NEVER again have a monthly car payment. Cars lose so much of their value in a relatively short amount of time, but people will finance them for $15,000-$20,000. Don't make that same mistake.
Reply:If u can't get a car with a 743, I don't know who can. U can buy a house with a 600, so what do u think?
Is it Hard 2 Get a Auto Loan and How do I do it?
Auto Loans
Is it Hard 2 Get a Auto Loan and How do I do it?
JJ, Get a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionairre will let you know if you can be approved. It will only take a few minutes.
Reply:It's not hard at all if you have decent credit and a steady source of income.
Go to your local bank and ask to speak to a loan officer. You'll have to fill out forms, wait for a credit check, and then go back to the bank to sign your loan agreement.
You can also usually get a loan through the car dealer, but my experience has always been that your own bank or credit union will give you a better deal.
Reply:no its really easy to get auto loans . All you need to do is select your requirement here http://tinyurl.com/6rj934 . They will list few deals and choose the best deal you get
Is it Hard 2 Get a Auto Loan and How do I do it?
JJ, Get a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionairre will let you know if you can be approved. It will only take a few minutes.
Reply:It's not hard at all if you have decent credit and a steady source of income.
Go to your local bank and ask to speak to a loan officer. You'll have to fill out forms, wait for a credit check, and then go back to the bank to sign your loan agreement.
You can also usually get a loan through the car dealer, but my experience has always been that your own bank or credit union will give you a better deal.
Reply:no its really easy to get auto loans . All you need to do is select your requirement here http://tinyurl.com/6rj934 . They will list few deals and choose the best deal you get
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