If a car is your main mode of transportation, be sure to stay
current on your car payments and insurance payments so that you will be able to drive legally and not have your vehicle repossessed.
For many people, keeping
current on car payments may be viewed as a necessity because they need transportation to work or to complete other errands and tasks.
Not exact matches
This was interesting because I was currently spending an average of about $ 300 a month
on gasoline in my
current car... which would equate to my lease
payment being half as much as I was previously paying for gas.
It is important to protect your credit score during the entire application process, which includes making your
payments on time, keeping your
current job, staying with your
current bank, maintaining low credit card balances and avoiding major purchases (e.g. a new
car, new furniture) until you have closed
on your mortgage.
Whatever the reason for your
current financial circumstances, we want to work with you to find a financing option
on a
car that will not only serve as a good long - term investment for you but help boost your credit when you make your regular monthly
payments.
The equity you have
on your
car — the
current market value of the
car minus whatever
car payments you own — determines how much your
car is worth and how much a lender is willing to trade.
In Chapter 13, unlike Chapter 7 bankruptcy, you can keep your
car without needing to be
current on your
payments.
Additionally, if you want to trade your
current car in when you buy your next
car, your
current car can be considered a down
payment or be added
on to the amount of down
payment that you make.
Truth: As long as you stay
current on your mortgage and / or
car payments, you will keep your house and
car in almost all cases.
Perhaps they repossessed the wrong
car, or your account was accidentally marked as delinquent when you're
current on payments.
Secured loans, like a mortgage or
car loan, remain in place with no impact to the debtor as long as they are
current on all
payments.
A «trivial carbon tax» will not be high enough to make people change, because buying a Prius is not possible when they can't afford the
payments on their
current car.
They ask for your name,
current address, income, assets, and the type of
car you're buying in addition to information
on how much you'd like to be lent and the amount of down
payment you can afford to make.
If you're a Mount Pleasant
car owner, your monthly
payments could be higher or lower, depending
on various individual factors that have to do with your
current vehicle and previous driving history.
Even if you are able to stay
current on your auto insurance bills themselves, you can still end up getting punished by your auto insurance provider for missed
payments elsewhere since so much of our
car insurance pricing is tied up in our credit report.
If you file for Chapter 13 bankruptcy and stay
current on your creditor repayment plan, your ex-spouse is not required to make any
payments on the property since the house or
car is protected by a «co-debtor stay» created by your bankruptcy.
Car loan shouldn't be an issue, provided your
current on your
payments.
They are saying that borrowers who are
current and pay all of their bills
on time, their
car payments on time and any other loans
on time but that have defaulted
on their mortgages are some of the «most attractive» candidates for the new loans.
The other concerns are also as he mentioned, getting a home mortgage depends
on much more than just a great credit score, you also need good ratios
on your front end (ALL housing expenses incl taxes, ins, etc) and back end ratios (ALL debt expenses, housing, credit cards,
car, etc) so a good income is required, as well as a down
payment of some sort (some programs go as low as 3.5 %, others still want 20 %) Assets can also figure in to this as well, but that's getting away from the bit I know about
current lending standards and I don't want to start going off the wrong path here!