help a friend with a car loan

achilles225 · 05-24-2008, 11:12 PM

My friend has bad credit and he wants an autoloan. hes trying to get one for 15500. any suggestions would help. Thanks

knh564 · 05-24-2008, 11:50 PM

get a co-signor

AYearAway · 05-25-2008, 12:28 AM

How bad is bad? My credit is horrible and I got my uncle who has near perfect credit to co-sign with me on a 05 SI for $13.5K like two months ago and couldn't get approved to save my life...so yea

**iluvmycsx** · 05-25-2008, 12:36 AM

Quote:

Originally Posted by AYearAway

How bad is bad? My credit is horrible and I got my uncle who has near perfect credit to co-sign with me on a 95 SI for $13.5K like two months ago and couldn't get approved to save my life...so yea

it alot easier to get aproved on a new car than a used car. try a co-signer if not then you might just have to wait till your credit is better or have a biger down payment

AYearAway · 05-25-2008, 12:37 AM

Whoops meant 05 SI lol. Either way same outcome.

***Zeuceone*** · 05-25-2008, 12:41 AM

fix your credit

***Ruthless909*** · 05-25-2008, 12:42 AM

Credit repair?!

AYearAway · 05-25-2008, 12:43 AM

Exactly. That's what I'm doing. Busting ass to make huge payments for the next year so I can get my new SI. Plus it will help by then that i'll be making $52k/yr after I grad.

***xRivalNightTime*** · 05-25-2008, 04:46 AM

bad credit FTL

achilles225 · 05-25-2008, 06:20 PM

thanks you guys. i will tell him. i just told him to wait but he said that he needed a car so i will tell him about a co-signer.

05-24-2008, 11:12 PM	#1 (permalink)
achilles225 Senior Member Join Date: May 2007 Location: Baton Rouge, La Posts: 240 Roger Crockett iTrader: 0 / 0%	help a friend with a car loan My friend has bad credit and he wants an autoloan. hes trying to get one for 15500. any suggestions would help. Thanks

05-25-2008, 12:28 AM	#3 (permalink)
AYearAway Senior Member Join Date: May 2008 Location: Richmond, VA Age: 22 Posts: 497 Kasey iTrader: 0 / 0%	How bad is bad? My credit is horrible and I got my uncle who has near perfect credit to co-sign with me on a 05 SI for $13.5K like two months ago and couldn't get approved to save my life...so yea Last edited by AYearAway; 05-25-2008 at 12:36 AM.

05-25-2008, 04:46 AM	#9 (permalink)
*xRivalNightTime* xKncptTruthx Join Date: Jul 2007 Location: Where It's.......Cold In The Winter??? =/ Age: 19 Posts: 3,518 Bryan iTrader: 1 / 100%	bad credit FTL __________________ 2008 Taffeta White Honda Civic Si Sedan

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05-24-2008, 11:50 PM	#2 (permalink)
knh564 Senior Member Join Date: Feb 2008 Location: Richmond, BC Age: 30 Posts: 205 Karim iTrader: 0 / 0%	get a co-signor

05-25-2008, 12:37 AM	#5 (permalink)
AYearAway Senior Member Join Date: May 2008 Location: Richmond, VA Age: 22 Posts: 497 Kasey iTrader: 0 / 0%	Whoops meant 05 SI lol. Either way same outcome.

05-25-2008, 12:42 AM	#7 (permalink)
*Ruthless909* Ahhh! Domokun! Join Date: Aug 2006 Location: +Evil Empire+ So.Cal (951) Age: 24 Posts: 13,304 4dr WhOrE!!! iTrader: 5 / 100%	Credit repair?!

05-25-2008, 12:43 AM	#8 (permalink)
AYearAway Senior Member Join Date: May 2008 Location: Richmond, VA Age: 22 Posts: 497 Kasey iTrader: 0 / 0%	Exactly. That's what I'm doing. Busting ass to make huge payments for the next year so I can get my new SI. Plus it will help by then that i'll be making $52k/yr after I grad.

05-25-2008, 06:20 PM	#10 (permalink)
achilles225 Senior Member Join Date: May 2007 Location: Baton Rouge, La Posts: 240 Roger Crockett iTrader: 0 / 0%	thanks you guys. i will tell him. i just told him to wait but he said that he needed a car so i will tell him about a co-signer.