Sentences with phrase «on mortgages or car loans»

A high credit score is needed to score lower interest rates on mortgages or car loans.

A chapter 13 case may be advantageous in that the debtor is allowed to get caught up on mortgages or car loans without the threat of foreclosure or repossession, and is allowed to keep both exempt and nonexempt property.

The sooner they have the opportunity to build a positive credit file, the sooner they will be able to qualify for more favorable rates on mortgages or car loans.

If you want to keep property like a home or a car and are behind on the payments on a mortgage or car loan, a chapter 7 case probably will not be the right choice for you.

The answer to this one will depend on how much equity you have in the property you are concerned about, and whether you can still afford to make payments if you owe on a mortgage or car loan.

The interest rate on your mortgage or car loan.

If you and your former spouse opened joint credit card accounts or you both signed off on a mortgage or car loan, dealing with those debts should be a top priority.

Chapter 13 also provides a way to get back on track if you're behind on the payments on your mortgage or car loan.

So if a bankruptcy debtor does not make the scheduled payments on a mortgage or a car loan, even if that debtor has received a discharge, the mortgage company can foreclose on the mortgage or the car lender can have the car repossessed.

That means using the collateral you've used on your mortgage or car loan from the credit union to secure your personal loan.

If you're behind on your mortgage or car loan, you're not going to be able to settle because a car can be repossessed and a house can be foreclosed on.

In most cases, these payments will usually be as much as your regular monthly payments on your mortgage or car loan, with some extra payment to get caught up on the amount you have fallen behind.

The best option is to save more for your down payment, especially on a mortgage or car loan.

Remember, a high credit score may result in a lower interest rate on a mortgage or car loan.

Not exact matches

For example: car loans, credit cards, mortgages on your home or your office.»

If a friend or relative has co-signed on a debt for you — private student loans, for example, or a car loan or mortgage — they could be on the hook for the amount outstanding if you were to die.

Or if you're looking for a mortgage, one credit bureau might rely on a different FICO algorithm that gives them a more accurate picture of whether you're a better mortgage borrower than, say, a car loan borrower.

An origination charge is a common cost on several types of loans, from a mortgage to a car loan or a personal loan.

Any type of account that appears on your credit reports helps here, whether it's a mortgage, credit card or car loan.

Opening a credit card in your name, charging no more than 30 percent of the limit, and paying it off in full and on time each month is the best way to earn a high credit score — which is the key to qualifying for low interest rates on a car loan, mortgage, or personal loan.

Mortgages on property, home equity lending, student loans, car loans and credit card lending can be offered at variable, adjustable or fixed interest rates.

When borrowers successfully pay off car loans or mortgages, the information stays on their credit reports for 10 years from the date of the last payment, according to credit - reporting firms.

The consequences of default depend on whether your loan is secured (mortgage or car loan) or unsecured (credit card, student loans or personal loans).

This includes becoming a co-signor on a mortgage, car loan, or even a rental application.

It's important to note, though, that the score you get on your statements may not reflect the actual score your mortgage lender or car dealership is looking at when considering you for a loan.

A higher credit score will qualify you for a better loan on a home, car, credit cards, mortgage or refi.

You've never had a credit card, taken out a car loan, mortgage or borrowed money for college, or repaid a balance on any type of credit - based account.

Next, add up your total balance on all of your revolving credit accounts (don't include installment loans like a car loan, student loan, or mortgage).

If the interest rates on your other debt - car or student loan or mortgage - is higher than what you could earn by saving or investing (consider that the average annual inflation - adjusted historical return of the U.S. stock market is just over 6 %), you'd be wise to pay that down first too.

Types of debt you might consider including in your consolidation loan payment include your mortgage, car payments, credit cards, student loans, and other debts that you pay high interest on or have a high balance left on the principle amount of the debt or loan.

You might find the estimator useful if you're on the verge of applying for a car loan, mortgage, or other line of credit.

Whether it be massive mortgages or student loan balances, credit cards or car loans, medical or legal bills... or some combination of them all, debt is an ever growing financial strain on the economy and on a consumer's financial and personal health.

For a mortgage used for other purposes, such as to consolidate credit cards or buy a car, the loan on which your interest is based is capped at $ 100,000, or $ 50,000 if married filing separately.

If you ever plan on getting a major loan in the future such as a mortgage or car loan, you'll want to have your credit score in good standing.

The loan you've co-signed for can show up on your credit report, just like any other debt you have... As a result, the loan you've co-signed for can increase the size of your outstanding debt — added to your mortgage, credit - card balances, car loan or student loans — when lenders are deciding whether to let you borrow more money.

For one, you'll hopefully have fewer people who rely on you for financial security, as your dependents become independents and you start paying off long - term expenses like your mortgage or car loan.

If you are continuing to pay mortgage or car loans, and you pay them on time, that will help.

By putting your home or vehicle up as collateral, you can qualify for better rates on a mortgage, car loan, or home equity loan.

But for others who may be looking for say, a car loan or home mortgage, you should keep your cards open and concentrate on building up your score.

We will notify you if any new credit cards, mortgages, car loans or other accounts are opened on your Experian ® credit report.1

Delaying the repayment of your student loans through an income based repayment program can also hurt you as the increasing balance due on your student loans are reported to the credit bureaus and negatively impact your ability to qualify for other types of credit like a car loan or mortgage.

If you retire with debt, whether it's a mortgage, car loan, or credit card debt, a portion of your income must go to debt servicing costs and that leaves less money to live on.

It's even better if you also happen to have a mortgage or a car loan and you're making regular payments every month on that because you are showing you can handle different types of credit, not just credit cards but also these so - called installment loans, correct?

The responsible use of a credit card will reflect positively on your credit report, putting you in a better position should you need to secure a larger loan such as a mortgage or car loan.

Depending on what type of loan you want — mortgage, car, student or business — you should account for the additional costs involved.

Try to time them in a way that any short - term negative impact on your credit score won't interfere with an important upcoming car loan or mortgage.

It can help you unlock the equity that you have in your home, reduce your monthly payments and also to consolidate debts like personal loans, car loans or even any credits cards that you have on your mortgage, thus making it easy to manage your finances.

In case you fail to honor your obligations and default on your car loan or a mortgage, the lender would repossess your car or foreclose your home.

Perhaps you've made significant payments on your mortgage loan or perhaps you own one or more cars.

Credit ratings which a financial lender deems to be «low» (this definition varies from lender to lender) can affect an individual's ability to get a mortgage, a loan for a car or other large purchase, a low interest rate on credit cards, insurance rates and, in some cases, employment and housing.