Is My credit to bad to finance a brand new $16,000 dollar car?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
I've never payed payments on anything, I'm 21 years old and I make 450 a week...I have 2 checking accounts the first is
-130dollars and the other is -400dollars and an un-paid 400dollar cable bill.
Is My credit to bad to finance a brand new $16,000 dollar car?it doesnt look good
Is My credit to bad to finance a brand new $16,000 dollar car?"
'fraid your outta luck!!!
Is My credit to bad to finance a brand new $16,000 dollar car?Not really clear on what you are saying. Did you default on a $400 cable bill?
Anyway, pull your credit report at FTC.gov.
Payoff any collections accounts. Write them a letter stating you need a payoff balance and that if $X, your account will show zero balance. KEEP a record of your payment. Then if they do not update your credit report you can send a copy of the letter and proof of payment to the credit agency and get the trade listed as zero.
From your info you have a limited credit file, which is OK at 21, but I don't think you would get approved for any regular financing, maybe a buy-here pay-here lot or sub prime lender. But that can be a real problem with super high rates and they think up a new fee every month.
I knew someone who would send this company a check, they would "lose" it every single month, then credit his account the next day after a due date. Even if he dropped the payment off at their office 20 days before the payment was due. Priceless.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.