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What it is a good debt to income ratio when getting another car loan?

December 31, 2021 By 1 Comment

Question by Jenn N Kentucky: What it is a good debt to income ratio when getting another car loan?
My husband is going to need a new work car cause his about shot and he drives 50 miles a day to work. But we already have a car loan on my vehicle. It is our only debt of 14000 and my husband makes 45-50k depending on over time and work load. Would it be hard to get a small loan to get a little work car?

Best answer:

Answer by Ryan
Your debt to income ratio should be less than 30% to be comfortable. I don’t know all of your financials but that is a figure to shoot for.

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How can I consolidate my debt and does anyone here knows a good debt management program?

December 30, 2021 By 1 Comment

Question by kit: How can I consolidate my debt and does anyone here knows a good debt management program?
I signed up for Care one debt consolidation and I failed to make a payment because I am overdrawn on my checking account. I feel that this company shouldn’t have called me at all about the drp program because I have no assets.So, how can I get rid of debt and does anyone here know another debt mangement program company they use?

Best answer:

Answer by livinfree90
You may want to try a non profit company called Springboard. http://www.credit.org

http://livinfree.com

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What company will finance something for people with very bad credit like cars and homes?

December 29, 2021 By 1 Comment

Question by nisy_99: What company will finance something for people with very bad credit like cars and homes?
What company will finance a car or even a house for someone with very bad credit that has file bankruptcy and everything? I am trying to make a friend out of a lie. If there are any out there, let us know. I am thinking NO…

Best answer:

Answer by Missy
You are right, especially in today’s economy, anyone with bad credit will not be eligible to receive an auto or home loan. And will probably be denied for any other kind of loan as well.

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How does an 80/20 loan work, in terms of refinancing?

December 28, 2021 By 3 Comments

Question by Jenga!: How does an 80/20 loan work, in terms of refinancing?
In May of 2003, my husband and I bought a house. We got an 80/20 loan to cover the cost. 80% of the loan is a fixed 5.25% rate. 20% of the loan started at 6.25% and currently sits at 9.25&. The loan is going to readjust next May. Is the 20% loan considered a second mortgage? How can I refinance it now and get a reasonable rate? My husband and I have near-excellent credit.
P.S. as a side note, the house we have the mortgage on is currently worth roughly $ 20,000 less than we paid for it, so rolling the loans together is out of the question.

Best answer:

Answer by shamieya
Yes it is a second mortgage. Call a mortgage broker to help you find the best deal for a stand-alone second mortgage. If you are in Florida I can help you; you can email me on yahoo.

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Type of loan needed to demolish old house to build new one?

December 26, 2021 By 1 Comment

Question by Gada: Type of loan needed to demolish old house to build new one?
I currently own and live in an very old house on a small lot. Both house and lot are paid for, with no outstanding mortgages, taxes, nor other leins against them; but the house is very old, very large (takes up most of the lot), very ugly, and not energy efficient. I’d like to demolish it and build a new, smaller, more efficient home on the same lot. What type of loan do I need to do that: Rehab, Contruction, or some other type of loan?

Best answer:

Answer by wizjp
Construction loan

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How can I use my website for earning finance?

December 26, 2021 By 1 Comment

Question by Duafer i: How can I use my website for earning finance?
I am looking after many handicaped families effected by recent asian diseastor (Earth Quack). I need additional finance to fullfill the requirememnt. I am ready to allow my website to be used for advertising and marketing.

Best answer:

Answer by shih
ask some experts in website businesses. you may get an idea

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Is it possible to do a loan modification on an automobile loan?

December 26, 2021 By 5 Comments

Question by Mrs. O: Is it possible to do a loan modification on an automobile loan?
I know we can do a loan modification on a home loan. I also realize that loan mods can damage credit and with home mods, you cannot refinance. However, I be live loan mods are the lesser of two evils. Any input is appreciated.

Best answer:

Answer by Dave
No. You can sometimes refi with a new loan.

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How can I get my student loans forgiven?

December 25, 2021 By 6 Comments

Question by Sarah F: How can I get my student loans forgiven?
Specifically, what are the jobs or programs which can possibly forgive my student loans, such as teaching in certain districts or military service?

Best answer:

Answer by Viktobog
Hi there…depends on what your major was…If you do have your teaching certificate, I’ve heard recently that they’re still doing the whole “inner city” program, that if you agree to teach at an inner city school for a year or 2, then they’ll pay off your student loans…other possibility is applying for a position in the Federal Government…a lot of Departments have a Student loan repayment program that will actually pay off your loans. My wife and I both used it to pay ours off.

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What is the best credit card for me, I have very little credit?

December 24, 2021 By 11 Comments

Question by KMD3243: What is the best credit card for me, I have very little credit?
I am trying to get a credit card to start my credit, but so far I hve been denied by Capital One and Chase (Master Card.) I am a full time college student and I don’t have a job on the books. I applied for student cards, the ones that required little or bad credit, but I was denied. I was told that they denied me because I don’t have enough credit, according to a national credit report. But, I don’t know how I am going to build credit if I can’t get a credit card! If anyone knoes of a credit company that will give ma a card, please let me know!

Best answer:

Answer by curious
NONE!!

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What does a student loan company like Stafford do to co-signers? Do they get notified of the loan if someone?

December 23, 2021 By 1 Comment

Question by rbcny9: What does a student loan company like Stafford do to co-signers? Do they get notified of the loan if someone?
What does a student loan company like Stafford do to co-signers? Do they get notified of the loan if someone takes one out and uses them as a co-signer but pays it back right away? If so, how? I joined the army so I get loan repayment.

Best answer:

Answer by timmy44221
A cosigner must phisicaly sign a loan. The reason they want a cosigner is incase you cannot pay.

In that event they sue the cosigner for the remaining balance.

Basicaly, they will get their money one way or another.

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