I don't really know wether to love AT & T Universal or hate them. I have had their card for 2 years, never paid late, never over limit, it took an entire 2 years to get my limit from 750 to 1500 dollars. A month later I got a balance transfer offer for 4.9% until the balance I transfered was paid in full and they were willing to increase my limit by 2000$ less any increases in the last 45 days, so it should have been 1250 to increase. I called asking them to increase it to 3500, was told it was denied and then lone behold, I check my account online and its increased to 3510. In essence they seem to be very confusing in some of their practices, but have in general been a great company to work with. This recent offer has enabled me to transfer almost my entire car loan(the totaled one) to this credit card and slash the interest rate on the loan by more than half. If I took five years to pay the balance in full I would still save 100 dollars. And now for the question: I have 6 open credit cards, no lates, nocharge offs, no collections, leins or anything derogatory. I have a lot of inquires, most from when I was first getting credit and will be deleted by August. Speigel 0/1750 (i don't use and am closing) Target 0/300 (i use way to much and am closing) Sears 525/720 (i intend to get the limit lowered to 500 for tires and car ers) Universal 3500/3510 (i'm gonna keep and keep paying i hope to have this at about 3100 when i go for the loan FCNB 150/2000 (keeping, pay in full each month) NextCard 2000/2100 (keeping and paying) i hope to have this at 1900 when i go for the loan Other bills consist of 160 for the next 3 months on my car loan I kep this much so I would have a loan over 2 years on my report. 40 for my cell phone and 22 for aol and yes i know aol sux I pay no rent or anything of that sort. So how will all this look to a bank when I goto get a new car loan? My mins are under 175$ and I make 760 a month after taxes, I want about a 14000$ car financed for 5 years. Although I know they won't figure this into wether or not I qaulify but my ins is a whopping 180$ a month. I've had my job 6 years, is this a fessible option for me to get a new car or newer used of this cost or should I just buy an old beater until I turn 22 and my ins takes a major drop because I am not on risk anymore?
RE: How will my credit look fo I'm a car salesman at a big-city dealer that has a steady business with sub-prime and non-traditional borrowers. Basically we will finance anybody regardless of credit if they have 1) steady employment at the same employer (2 plus years) and 2)and have lived at the same residence for 2 or more years (that way we can have a likely chance of reposessing the car if required). We also have a special lot of basically junk cars (which we buy from auctions) which we spruce up and make look really attractive to the typical sub-prime borrower. I just sold today a 1997 Ford Tempo which was in a flood (but totally rebuilt) for $14,900 at 19% financed over 5 years.
RE: How will my credit look fo . I just sold today a 1997 Ford Tempo which was in a flood (but totally rebuilt) for $14,900 at 19% financed over 5 years.>> Crook! Anyone worse than crooks country bank is used car salesmen
RE: How will my credit look fo The major problem you will have is not with your credit, but with your income. On a $760 per month income, most prime lenders will say you don't make enough or your debt ratio is too high. Nonetheless, based on what you post here as your credit history, you shouldn't have trouble getting a prime rate loan provided your income increases. JP Meredith wrote: ------------------------------- I don't really know wether to love AT & T Universal or hate them. I have had their card for 2 years, never paid late, never over limit, it took an entire 2 years to get my limit from 750 to 1500 dollars. A month later I got a balance transfer offer for 4.9% until the balance I transfered was paid in full and they were willing to increase my limit by 2000$ less any increases in the last 45 days, so it should have been 1250 to increase. I called asking them to increase it to 3500, was told it was denied and then lone behold, I check my account online and its increased to 3510. In essence they seem to be very confusing in some of their practices, but have in general been a great company to work with. This recent offer has enabled me to transfer almost my entire car loan(the totaled one) to this credit card and slash the interest rate on the loan by more than half. If I took five years to pay the balance in full I would still save 100 dollars. And now for the question: I have 6....
RE: How will my credit look fo Thats what I thought, I was at a point where I had 12 or 13 cards maxxed out but I got them all paid way off and what wasn't paid was transferred to the nextcard. I can tell the bank I make 15k a year roughly 1040 a month and my employer will say I make that, probally because she feels guilty for paying me 6.50 an hour when i should be making atleast 12 for doing payroll, billing, scheduling, customer complaints, comliments and new accounts. She is right up there with CCB on ths list of bitter greedy old people I keep. I am obviously going to need a car and am in no way buying used, because I put on too many miles and all cars have major problems just over 100k, although you see more dead american cars on the side of the road as compared to Honda's or Toyotas. I drive a lot of miles and would probally have over 100k on it civic, with a stick and air atleast. I would like a spoiler sun roof and power loks/windows.
RE: How will my credit look fo sorry as i was saying, accidently hit the enter key. I'd have a lot of miles on the car and want something that is not going to be just junk. I know i'm really going to get hit with depreciation, but if I keep the vehicle 7 years or so that should make up for it and at 150k for miles it'd be time for a new car anyways. Does anyone have anything bad to say about Honda, or know what reports they pull?
RE: How will my credit look fo Meredith, Before trying for financing at a dealer, why don't you try to get preapproved at carfinance.com, peoplefirst.com or giggocar.com. The rates are good at all 3 places, but your credit has too be good!
RE: How will my credit look fo I know you need a good credit record with the first couple, but doesn't GiggoCar offer financing to those even with poor credit? They have a table listing rates, and if your credit is found to be even "fair" or "poor," I believe there is a possibility for auto financing, though at an astronomical interest rate. From the sounds of it, Meredith, your credit picture isn't too bad, so the only thing really holding you back is income.
