Adrienne L asked:
I am a college student and I am trying to buy my neighbor’s car which he has said he would sell to me for $9,000. So I am also trying to sell my car to start getting the money for the car but I am not having much luck selling it.
So I thought about getting a loan, to go ahead and get the car, and when I finally sell my car I have now I can pay back the bank. But here is the thing, I would have no problems paying monthly for the loan but I don’t have a “job”. I do alot of babysitting and housecleaning but I don’t have a real employer, just work for the family. But I have a good credit score and a real good credit history. My husband on the other hand, has horrible credit but a good job. So is it possible for either him to co-sign for me even though I don’t have a job? Or I could get my brother who has real good credit to help me out. What would you recommend I do?? Please help.
I am a college student and I am trying to buy my neighbor’s car which he has said he would sell to me for $9,000. So I am also trying to sell my car to start getting the money for the car but I am not having much luck selling it.
So I thought about getting a loan, to go ahead and get the car, and when I finally sell my car I have now I can pay back the bank. But here is the thing, I would have no problems paying monthly for the loan but I don’t have a “job”. I do alot of babysitting and housecleaning but I don’t have a real employer, just work for the family. But I have a good credit score and a real good credit history. My husband on the other hand, has horrible credit but a good job. So is it possible for either him to co-sign for me even though I don’t have a job? Or I could get my brother who has real good credit to help me out. What would you recommend I do?? Please help.
If u have good credit credit score just try for a car loan at bank
If you don’t have a job you tend to get a higher interest rate despite the fact that you have a good credit score. Lenders are looking at how you are going to pay back the loan. You would definitely need a co-signer and if you’re brother has had a job for at least a year and has good credit score then I would get him as a cosigner.
Go to a credit union and speak to someone there who can guide you through the process. They will look at your credit history which sounds like it should be good. Unfortunately, they will also consider your husband’s history which may not be as good. But they will at least give you a decision and tell you what you can borrow. Also, they may be able to tell you what to expect for your current car.
In the end, you may need to settle for a cheaper car that is within your means until time goes by and your husband’s credit history starts to fall off the radar screen.
Stay away from any internet offers; you want to deal with someone face to face.