we will have our discharge in august, and we have already financed a vehicle a year ago, through a very substantial company, Toyota Motor credit, but can we buy a home? OH, and we have no money down.........yes I know that is not very good.
136114
Ours has been discharged now for about a year and a half and we are in the process of purchasing a 4 bdr, 2bth home. So far we have the home but are now looking for a piece of land to put it on. All we had to do was show proof of discharge and what all was paid off in it. Since you have no money to put down I would check around and find out what ya had to have down. If you had to have a down payment I would try to get a co-signer, or look into FHA, HUD or Section 8 or any Government loan programs to see if I could get help from any of them. Good luck and wish ya the best..... :0)
439438
You need to get your papers out and read through them. Most car companies will just come repo it in the middle of the night. Sounds to me like you're buying a car from one of those $50 dollar a week no credit needed places. They generally are a lot tougher than a financing company like Ford or GMAC. Those two will send you a letter threatening to repo after you're 60 days late. Never heard of it being done at 30 days.
659384
That's not a good FICO score, but (American) auto manufacturers are getting very desperate.  Who knows... someone at "the big 3" dealers may go for it.  Watch out for extreme interest rates though!
574801
Try to find a rent to own. My husband and I had bad credit and wanted our own home. \nWe looked in our daily local newspaper and found a 3 bedroom -2 bathroom ,2+ acres and all we had to do was sign the lease and give a 1000.00 down and we were in.\nA lot of rent to owns don't do a credit check. \nWe pay 640.00 a month and that includes insurance and water.\nWe pay 200.00 a yr in taxes. We have now been in our home 1 yr and loving it!
147936
There are financing options out there for you and your husband, but because of the bankruptcy you are going to have to pay a higher interest rate and most likely you won't be able to buy your dream house anytime soon.....it will take some time to build your credit back up and in time things will be back to normal for you both, check with top lenders, stay away from mortgage brokers, try Countrywide, Ditech and national lenders....mortgage brokers make profits based on several factors including interest rates, so someone who has credit issues are easy prey, national lenders typically have programs for people in the situation you are in and although you will have to pay higher interest, it won't be outrageous. Any other questions just send an email, happy to help.
356274
I've done it before.  I just had my lender send a letter saying I didn't qualify for financing.  I even got my earnest money refunded.
581332
join a local credit union and see what they can do for you.  i had a 18,000 loan on a van for 5 years and after 1 year of payments, they were willing to re-finance it for another 5 years at the original rate.  due to the 1 year of equity, my payment would have dropped to somewhere around the 200 area.  but, i chose to refinance for just 4 years so i could get a lower rate.  either way, join your local credit union.
499246
Why would he sell his car without having another lined up -- and before asking you to borrow yours?  $250/month would get him a pretty decent car -- good enough to use for work.  Actually he could probably get an XB for close to that.  He will end up lowering the value of your car when he could have his own and pay the same amount.  I think it's a bad idea.
300296
There are many auto dealerships in our area that do in-house financing and offer the buy here, pay here option.  I do not personally endorse any one place, however I know of a few people who have gone through a place called DriveTime.  You can do a search, they might have a website or a dealership in your area.  Even more lenient with credit worthiness are the small dealerships that offer the buy here/pay here option on their marquees.  My suggestion?  Drive around with a friend, keep your eyes open for these small operations.  Or, check your local newpapers for similar offers.
23403
If you have the cash and available credit, buy one home with the cash and put your availble credit towards a rental property, which will eventually pay for itself. Just a thought. :)
415885
Nobody knows what the rates will be like in six months. that's the risk.\nDepending on how bad the credit is, Rates look very good now. Can you afford the payment comfortably, now? If so I'd do it. \n\nIf you do, though, make sure you have a prepayment penalty that fits within your time-frame for rebuilding your credit. Also, there is something called seasoning that you must have before you refi. it varies between companies, but you usually have to make consistent payments for a year or six months.\n\nIf you're planning to buy then refi into a better loan, be aware of closing costs. Anytime you have a short term loan you want it to cost as little as possible, even if the rate is higher.\n\nFeel free to write me with any questions.
585795
Machelle,\n\nI don't want you to take this the wrong way, but honey, you need to slow your roll.\n\nWatch your actions, they become habit.\nWatch your habits, they become character.\nWatch your character, it becomes destiny.\n\nYou filed for bankruptcy for a reason.  \n\nStop living beyond your means.  You didn't luck up on a car where you owe $10,000 MORE than the trade in value.  $567 a month is rent on a one-bedroom aparment in the South!\n\nThere is nothing shameful about leaving below your means.\n\nRefinancing is not an option in your situation.  You are upside down.  Why would a finance company want to pay your loan off at $23,500 when the value of the car is $10,000 less than the loan?  The collateral is inadequate.\n\nIf you don't pay the refinancer, they have a net loss of $10,000 when they repossess your car from your work place parking lot..\n\nI think you need to return the car to the dealer, take the hit on your credit report, and start riding the bus.  I can NOT believe that you filed for bankruptcy and thought it was cool to pay $567 for a gas-guzzling SUV after you discharged your debts..\n\nYou got the bruise, but didn't learn the lesson.\n\nYour credit is an extension of your character and it is time that you take inventory of your character.\n\nYou are NOT your car.  Who are you flossing for?\n\nGet a used Honda hooptie and make life easier for yourself.
447816
Normally, the dealership  you are buying the new vehicle through will get a payoff for the auto you still owe money on, and the payoff, less the trade value on the auto will be re-financed on the new car you are purchasing. The dealership will then contact several banks and find the best deal for you.\n\nNot to fear, they will, as they put it, make it a done deal for you. \n\nAuto dealerships are wizards at finding a way to get you financed. Good luck and enjoy your new vehicle. \n\nDarryl S.
459623
The chances are very good.  The car will be collateral for loan. You can show your earnings.  If your bank turns you down, ask why.  If you are buying from a dealer, the dealer can usually arrange the loan, but the interest my be somewhat more than the bank.  Good luck.
392858
Well wll dear no need to worry..well i would suggest try out some lander http://www.carsloan.info they might be helpful.
14415
Definately, thank you for your service to our country.  \n\nVA loans were very unique when they came out because they offered 100% financing to our vets, for those who qualify.  It was designed back in the days when 100% financing was not as accessable as it is now. You need to check with your local VA to see if you qualify for their certification, but your credit and financial situation still has to qualify for the loan if it is possible to obtain a refinance this way.\n\nMy name is Laura. I am a mortgage broker loan officer and will have to check with my lender to see if they can do a refinance if the home was not purchased with the VA benefits.  Please give me a call if you'd like me to research this: \n877-659-5626.\n\nYou may check our website out for more information about my team.  I love for a chance to help you.
568899
You may be able to borrow some from your IRA account but I would not recommend it.  Typically it would be for a home purchase and not home improvements.  Honestly I am not certain so you may want to take a look at publication 590 from the IRA that details out the rules for the IRA in plain english (which helped me quite a bit!)