Getting a car loan
I am a 22 y/o working fulltime and going to school partime, last year i accumulated some debt and have recently paid off everything except my school loans. I paid off a personal loan for $3,000 two weeks ago My mom was the cosigner of that loan. I am trying to get a car loan through my mom. I have a steady income and can pay her until i can put it in my name.
She applied for a loan at the bank and got rejected. Her credit is over 700 i believe, about 720. Did the loan have anything to do with it?? if so, what can we or i do about it?
What if she applied agian through e-loan or something like taht. If she keeps applying will that hurt her chances of getting a loan? What about a bad interest loan for now and then refinance later. Can you give me some info or advice, thanks a lot...
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