Refinance Help. Fill this form and get help!

Barry F, Try getting an online auto loan quote. http://www.simpleautoquotes.com/Auto-Loans.html The automated form will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.

Hello there. Recently I wrote an article about car loans to be published on one of my sites, and I thought I’d share some of it with you. It is fairly general but should address your question.

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If this is not your first time buying a car, then you may be well aware of the various steps that you have to take as well as the pitfalls to avoid. If however, this is your first time around, you may not be aware of this. So here are some guidelines that will help make your car purchase a smooth one:

Know exactly what type of car you want and how much you are willing to spend on it. Use the power of the Internet to do your research. Do not start off with a blank cheque. Always bear in mind that a car loan generally requires a medium to long term financial commitment. You should therefore look at this expenditure with a very futuristic view. You should also factor in as well, the possibility of unexpected expenses such as accident, illness etc.

Always know what your credit score is in advance. This will ultimately determine if lenders will be willing to lend you and how much. Very recently, I met someone who took it for granted that all was well with their credit score. When he applied for the loan, he had serious problems. There were transactions on his credit report that he knew nothing about, and these damaged his credit rating. It turned out that he was a victim of identity theft and was completely unaware of it. So even before approaching any finance house for a loan, please get into the habit of checking your credit score on a regular basis. It can save you a lot of stress.

Shop around for the lowest rate car loan you can find. Car loan repayments are calculated using an amortization schedule. You will be given a fixed monthly payment to make, part of which will be paid towards liquidating your outstanding interest and the rest towards your principal. As the age of the loan increases, the interest accrued each month will decrease resulting in more of your payment going towards your principle. But the point here is that a seemingly small change in the interest rate can significantly impact on the total amount you pay over the term of the loan, particularly for a medium to large principle burrowed.

Most dealers will also offer financing. Always remember that they offer financing on behalf of some financial institution and will get a cut for each loan they get. You will have to pay for that cut. It will be included in the total amount you will pay over the duration of the loan. Even though it may appear to be more convenient and saves you time, it will definitely cost you more. It is therefore better to get financing for your car loan directly from a bank or financial institution.

If you are looking at refinancing an existing loan, first ensure that everything is in order – particularly if you are seeking to refinance after filing for bankruptcy. I must repeat – keep your eye on your credit report.

Be truthful in filling out the application for the car loan. Do not try to burrow more that you can comfortably afford. This will backfire on you and could negatively impact on your credit score. If the car you want is more than your credit rate allows, then settle for less while you build on your credit score and you savings.



Best Regards

http://www.smartecredit.com/online_car_loan_application.php

You can probably get an unsecured personal loan pretty quickly but it would come at a high interest rate.

If you're interested find out more information on getting an unsecured personal loan here >>
http://www.cashloans-unlimited.com/unsecured-personal-loans.html

You should also look at a debt consolidation program as well - you can get more info on this here >>
http://www.cashloans-unlimited.com/debt-relief.html

Good luck!

I read your Article. I have applied for series of Loan in different loan companies online and end up loosing my money.I lost $2,400.00 in the hands those internet loan scammers, who claim to be loan lenders. I lost every penny i had till a friend directed me to Macro Loan House, were i applied for a loan of $46,000.00 which was Approved and transfer to me. I will advcie you contact the company too for possible help. Company email: macroloans@gmail.com

By posing this question on Yahoo Answers, you're inviting every scheming lowlife scammer to offer you a loan. And I guarantee they will reply soon. Don't respond to anyone who offers a loan and has a generic contact email, i.e., yahoo.com. They are scammers. They will ask for money for proceesing stuf and you will not see a dime.
my little advice is that you go to a bank in your area to request for the loan and that is if you have a collateral, but if you want loan from those that give out unsecured loan without a collateral i know of someone that gives out unsecured loans, though he is the only one i have tried for now so i don't really know if his interest rate is the lowest, here is their contact information if you want to contact them. (kingstonloaninc@live.com)
i am sure they can be of help to you.

go see Louie

don't put the car on the bankruptcy and they won't take it. they would rather have the payments than the car.

try to get a hold of the bank that the loan is true and explain it to them, they can answer these questions. Also you will want try to get a different cosigner, since all assets have to be reported and you would risk losing it. You wouldnt need to refinance though, considering you are paying for it without any problems, and all refinancing does is start another loan, which you wouldnt need. If they take it away, you will probaly have to pay it. Also, because the car loan is in their name if they file you risk it showing up on your credit report also.. its a risk that happens with co signers. So ask everyone you know that would pass for being a cosigner if they will so you can get it switched before it screws up your life in more than one way. If you can find someone talk to the bank again and say that you would like to have it switched, they would need to be approved of course and some banks may say no, but its worth a shot. remember all assets they have names in, even if its only a cosign must be reported or they risk not being able to claim bankruptcy and is highly illegal, the car would have to be listed.

It can really save you a lot of running around to just get an auto loan estimate on the web to check out what the going rates are. You might be really suprised. Also if your credit is not so great, a lot of online loaners are more able to help you.

What I usually tell folks is that an internet quote at http://auto.lowratetoday.com is the way to go.

You can't remove your name. I know this is not the answer you were looking for but it's the honest truth. The only thing you can do is sue him for the unpaid amount. But it might be hard to get a judgement against him unless you signed an agreement with him stating the terms of you co-signing for this loan.

your screwed, you need to pay off the loan

you signed you pay

Your Liable for the debt regardless. Try to get the truck . Then find out what its worth. Then decide whether to sell it to pay off the loan or if you want to keep it talk to the finance company and tell them the truth they may refinance you. Whatever you do, do it quickly, like today because meanwhile every late payment is destroying your credit just as it is his.

Most people that get divorced make this mistake. Lenders do not care what your divorce decree says, unless your ex-husband refinanced the vehicle in his name only (like your lawyer should have made a condition of the divorce) you are still responsible for the loan if your ex defaults.

And if he files for bankruptcy, they will come after you for it.

As a finance manager for a car dealer I see this so many times every month it makes me sick. But, it's the law.

Depending on how much is owed on the vehicle verse what it's worth, you might want to approach the lender and see if you can make a deal where they rewrite the loan in your name only. You would have to get the vehicle from your ex-husband, but at least it would stop your credit being trashed.

Provide a copy of the Divorce Decree spelling out his obligation for the auto to the Auto Company; and it might be better if you have the Lawyer send it to them.

I'm sorry to tell you but I found out the hard way, and then through my job as a certified credit counselor, but a divorce decree does NOT mean a thing to the original credit agreemeent. I don't know why attorney's even write it. The original agreement are what will stick in court and what I was told by the IRS is that they take divorce decrees and chew them up for breakfast and spit them out for lunch!
Pretty scary huh? You have all my empathy!

The best way to solve is to go to a small claim court. You know like that one on TV......Judge Judy, Judge Joe Brown, etc. Make sure you have all returned checks, receipts, documents.
That's the only way you can go. Some lawyers do provide a free of charge consultations (you might want to call them). Usually they don't charge if they don't win the case for you.
Good luck!

It depends on what you mean by "understood in court." If the court issued a decree stating that he was solely liable for the loan, you would have to show that to the bank.

Typically, to get your name off a co-signed loan, the lender has to agree to it.

Is the Explorer worth more than the loan amount? If it is, you may be able to negotiate something with the bank without your husband's knowledge. You should talk to the bank about the matter.

unfortunately the divorce decree has no barring on the loan, they have no legal duty to remove you

if you ex is hell bent on ruing his credit and taking you down, you will need to make payments on the car and sue the ex to get possession of the car to sell and release the note

You're screwed. The judge should have ordered the truck sold as part of the divorce. You cannot have yourself removed since you are an equal owner in both the truck and the responsibility by signing on the loan in the first place. The lender has all the legal rights in the world to come after you because that is what you agreed to by signing the contract for the truck in the first place. You need to contact an attorney that will take you both back to court to order him to sell the truck and pay off the lender plus all late fees. As far as the late payments that are already there your credit is also screwed for the next 7 years. If he declares bankruptcy that truck cannot be included because it is a joint loan. Unless you file with him he and you will still owe on that truck. Never co-sign anything with anyone.

I am sorry, but the answeer is not the answer you want to hear, if he does not make the payments, it is up to you to make them. You can always take the matter up with the court that he isn't making the payments, but the loan co doesn't care who makes the payments as long as someone does. If you fail to make the payments, that is on you an your credit rating.
When you say "understood" is it in writing???If not, looks like you've been outsmarted..