I’m 19 years old, I’ve had a job for 3 years, and I have a "very good" credit score (742). The only thing that’s giving me a hard time is that I only have a year of credit history. I’ve gotten denied by my bank and an auto finance company offered me a ridiculous 10% rate. I got it down to 8.04% but I’m still convinced I can do better. Most of my friends and co-workers say I should "try a credit union."

My question is, how do I "try a credit union?" In order for me to get a quote from them, I must first join. This means I gotta fill out all the paperwork and put money into accounts. Now, let’s say I do all that and they either deny me or give me a crappy rate. That’s ridiculous. Then I gotta remove the money and close my account.

What I’m saying is, it’s a bit cumbersome to join a credit union just to view a loan rate that I may or may not like. Also, how can I find out which are the best credit unions to join in my area (and which offer the best loan rates)? I don’t want to join a shady union and I don’t want every tom, dick, and harry to have my name, address, and social security number. Thanks.

I had a repo 10 months ago and I had owed like 00. It was a car I know that Premier Auto Credit (Auto Finance Company) could’ve easily gotten 00-5000 at an auction. From my understanding, if they sold the car aren’t they supposed to deduct that from what I owed them? Is their a legal ceiling on what fees can be charged or added on in California? When I checked my credit report, the balance was 00. So what should I do in this situatioN? I was thinking about calling them and finding out if they sold the car or not? Because if they did and didn’t deduct their recoupable earnings on my balance and reported that in their financial records isn’t that a violation of the FDCPA? Meaning I can get that record removed if I contact the credit bureaus or the FTC?

Could people be paying their car loans on time—natloans (Flickr.com)

Third Party Disclosure Violation Question

A friend of mine is currently just over 30 days past due on their car payment. Yesterday, a representative from my auto finance company called their mother (who they listed as a third party reference on their finance application), told her that they are behind on their car payment.

They were also advised that if they did not contact the office immediately,t they were going to lose their car, and this will affect their credit ranking, possibly giving them bad credit as well. Isn’t this third party disclosure in the attempt to collect on a bad auto debt and grounds for a lawsuit?

If so, what state would my friend have to pursue this lawsuit in? They live in Arizona, and their finance company is based in Utah and their mother lives in Georgia.

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However, there are some basic eligibility criteria that one need to be fulfilled.

• The candidate must be 18 years of old or above.
• All the debt should be discharged through bankruptcy filing.
• They have to be an U.S citizen.
• If they have any credit accounts, they should be in an up-to-date status.

Third Party Disclosure Violation Answers

A. You don’t have the money to pay your car payment on time but you got funds to pay an attorney? You’d have to sue the lender in the county where they do business. The cost of filing suit would cost more than any what you’d get for the third party disclosure.

Your biggest stumbling block is proving that they discussed details of your loan with your mother. The finance company is going to say they contacted your mother in an effort to locate you and they simply left a message for you to call them. This would be perfectly legal.

If you don’t want your mother to know you are behind on your bills, pay them on time or at least call your creditors and work out arrangements if you are going to be late. Car finance companies will do things like allow you to pay interest only and just add another payment to your loan term.

B. I know that has happened to me before too. I used 3 relatives as references on my application and when I got in a bind once they called all three of them. I was so annoyed and embarrased. I wondered the same thing if that was legal but never persued it.

C. Sure it’s ground for a lawsuit, but don’t expect to get some sort of huge financial settlement out of it. The best you can expect is that a judge will order the collection firm to cease doing what it did to you.

If you want to pay an attorney to handle THAT, go for it.

I am looking to get a new car and I don’t have any credit at all which I know is the same as having bad credit, but I read on some other people’s questions on here that it is actually not that difficult getting financed right now. So how exactly does that work? I can afford the payments each month, but I don’t have anything as a down payment so is that what I would use the loan for? Please explain
thanks, but ok how does leasing a car work? lol

I had to close out 3 accts: 2 cr cards 1 LOC, and I just learned that one of my chks from cr card was ret’d for insufficient cash. I want to sign up for a Credit Union in order to re-finance my car loan to a smaller APR (8.99% now). Should I wait until my credit history calms down before I join Credit Union? Or just not apply for a car loan until next yr when my credit settles a bit? I did sign up for a debt management solution which downsized my monthly pmt on the 3 closed accts.

go default on mortgage? We are going thru short sale/foreclosure situation and stopped paying mortgage for a month now. Would a car loan lender raise rates based on our mortgage default? Or is the loan rate fixed for the terms of the loan?

Since my parents have both been layed off, one of our cars has been repossessed. I’m starting college in the fall and luckily I received scholarships and grants that will pay off my tuition this year. I’m still going to live at home but now I have transportation problems and my dad says he can drop me off to school. I also have been approved with loans and today I signed up so I can receive it. Since my scholarships and grants already pay off my tuition, will I get my and loan refund and buy a 2nd hand car for myself?

I went to an auto dealer and met with a saleswoman named jane i filled out a credit application for a car. The dealer wouldnt take the downpayment i had so i said i would come back. A week later a man calls me from an auto finance company and said “his friend jane gave him my name and he could get me financed for the money i had” I never went to the guy because i wanted to save money and go back to jane. Three weeks later i go back to the dealer and tell them i filled out the credit application already but they said they could not find it and i needed to fill out a new one. I asked how could they lose my credit application with all my personal info on it? he responded by saying we usually put the applications in a safe but they couldnt find mine. I remembered the guy who called me said the saleswoman jane gave him my name so i think jane stole my application and gave it to another auto finance company.

Who can i contact to sue this company ? i want to know what kind of lawyer i should look for
The application had my social security number all my work experience and previous addresses.

I am a 19 year old college student trying to get a loan for a 00 Lincoln LS. I make about 0 a month. I was declined by my own bank because my debt ratio is 60%. My credit score is 700. Most places I try to get a loan will not approve my request without a co-signer because I do not make at least 00 a month. I begged my parents for about a week and they refuse to co-sign on the loan. So I have no choice but to do this on my own. Is there anywhere that I am 100% guaranteed to get a loan regardless of my credit history, age, income, and without a co-signer? Or anywhere that doesn’t look at debt ratio? Thanks a lot.

Im thinking of buying my first car but I don’t have all the money to buy it cash. I want a VW r32 whats worth about 00 to 00. im almost 19, and a college student.