singinjeannie asked:
I want to go shopping for a car but wonder how much of a car I can actually be approved for? Is there a way to tell without actually applying? I don’t want to apply ahead of time because every time you touch your credit information it makes a ding and the CC companies are looking for any reason at all to raise rates right now.
What’s with all these loan people – lol. Give me a break. Joe’s Loans. Sure, sure. I’ll apply for a loan through you. was born yesterday. Here’s my social security number and birth day. Geeze – look for some advice and the scam artists come out of the wood-work.
Frances
I want to go shopping for a car but wonder how much of a car I can actually be approved for? Is there a way to tell without actually applying? I don’t want to apply ahead of time because every time you touch your credit information it makes a ding and the CC companies are looking for any reason at all to raise rates right now.
What’s with all these loan people – lol. Give me a break. Joe’s Loans. Sure, sure. I’ll apply for a loan through you. was born yesterday. Here’s my social security number and birth day. Geeze – look for some advice and the scam artists come out of the wood-work.
Frances
Wayne
ONLY YOU KNOW WHAT YOUR CREDIT LOOKS LIKE AND HOW MUCH INCOME YOU HAVE. YOUR BEST BET IF YOU ARE WORRIED ABOUT DINGS IS TO GO TO YOUR PERSONAL BANK AND HAVE THEM LOOK AT YOUR CREDIT ONE TIME. THAT WILL NOT HURT YOU. FIND OUT WHAT YOUR SCORE IS AND THEN WHEN YOU VISIT DIFFERENT DEALERS, THEY WONT ALL HAVE TO PULL YOUR CREDIT JUST SO THEY CAN GIVE YOU PAYMENTS. DEALERS LIKE PULLING CREDIT SO THEY DONT WASTE THEIR TIME SELLING A CAR TO SOMEONE WHO CANT BUY ANYWAY. HOPE THIS HELPS. CREDIT UNIONS ARE GOOD ALSO BUT THEIR ALSO PRIVATE LENDERING INSTITUTIONS, WHICH ARE NOT SUBJECT TO THE SAME LENDING GUIDELINES AND RESTRICTIONS AS BANKS. MISS A PAYMENT WITH THEM AND THEY CAN TIE YOUR BANK ACCOUNT UP FOR AS LONG AS THEY WANT. BUT ITS ALSO A GOOD IDEA TO LEAVE THAT LINE OF CREDIT WITH THE CREDIT UNION OPEN FOR EMERGENCY PURPOSES
Comment by joeklaus313 — April 5, 2010 @ 4:57 pm
Cathy
Just get a loan from or bank or even better a credit union, that way you’ll already know what your maximum amount to spend is and you take take that loan and shop around with it.
Comment by ElizabethMichele — April 5, 2010 @ 11:49 pm
Wendy
Pre-qualify at a bank or credit union. Simple. The credit inquiry won’t have but a tiny effect on your credit report.
Comment by peterthegreat — April 6, 2010 @ 10:13 pm