Re: Getting a car loan
First off, my situation is that ive only had credit for a few years and have had been debt. my credit score is very poor, 585. I know i cant get a loan. But for the past 4-5 months i have been paying ontime and i went from about 5 grand in debt to zero just recently. When my score is good enought where i can refinance in my name i will do so. Until then my mom is helping me out. I make about 1500 a month, so a 300 dollar car payment with no debt isnt out of my means. Thats my situation.
As for my mom, she has her cars paid off, she is not cosigning, shes just signing in her name without me. She has a steady income making about 45-50k.
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