@Tokio_Love wrote:Hi, I'm new here but have been stalking for a while.
Anyways so I'm in college and I have a car under my moms name. I want a new car. Although I have credit, I do not have a job. Am I still able to get a car loan? My mom's credit is "good" however, when she went to her local credit union she was denied a car loan because she has a judgement, we're thinking its from a computer bill. Could she still get some type of loan if she finances with a car dealership since they aren't as strict as a CU? Thanks for any responses
Hi and Welcome to myFICO forums!
Its likely that with a judgment on her reports, you mom will not be able to obtain financing for a car. Usually, a recent unpaid judgement will drop credit scores into the "bad credit" score range. She should figure out what the judgement is for, and offer a pay for dismissal... or offer payment in full for it to be vacated...
If she was never served or if she doesn't owe the debt then she can ask for the judgment to be vacated on those grounds.
I am hearing in your thread that you want a new car. I think that a new car is not appropriate for students, because the vehicle invariably ends up being damaged in the parking lot by other students.
Second of all, you won't be able to get financing unless you have a job. My advice would be to make do with what you have and be grateful for the car that that your mom bought for you. You should look into buying a new car when college is over, or you obtain employement which would allow you to pay for a car.
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Definitely agree with all that has been said. I was blessed that my parents were able to give me a hand me down, an old Volvo 240. Was it the coolest or fastest or even the best smelling car? No, but it had no payment!
There are some days where I wish I had it just to not have a car payment!
Be patient, and get that job out of college. You'll have it in no time!
In full gardening/ debt annihilation mode! (4/15/13)All parents want the "best thing" for their kids. The definition of "best thing" can vary from household to household.
The discussion is centered around the idea of need vs. want.
Sometimes, the "best thing" for a son / daughter may not necessarily be a new car, but its sometimes hard for us parents to separate the desire to give children what they need versus what their children want.
Sometimes its even hard for parents to separate out what they "want" to give their kids vs. what they "need" to give their kids.
If you give a man a fish, he will be fed for one day. If you teach a man how to fish, he will never starve.
I say this in the best possible way... I would love for you to learn how to fish 
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
If your dad is willing to co sign, that may be a viable option but usually I do not advocate co signing because it can cause rifts in families.
Good luck!
Good luck!
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@webhopper wrote:All parents want the "best thing" for their kids. The definition of "best thing" can vary from household to household.
The discussion is centered around the idea of need vs. want.
Sometimes, the "best thing" for a son / daughter may not necessarily be a new car, but its sometimes hard for us parents to separate the desire to give children what they need versus what their children want.
Sometimes its even hard for parents to separate out what they "want" to give their kids vs. what they "need" to give their kids.
If you give a man a fish, he will be fed for one day. If you teach a man how to fish, he will never starve.
I say this in the best possible way... I would love for you to learn how to fish
+1
OP, listen up! Don't let your parents waste all this money on you. Just because they will, doesn't mean they should.
A car is the worst thing they can help you with. There are many cheaper forms of transportation than a new car.
Get a job, then get a car you can afford. Maybe your parents can help you later on something wiser, like a down payment on a house? Although, it doesn't seem like they are in a position to help you. They probably need to be focusing on themselves right now and getting geared up for retirement.
@Dustink wrote:
@webhopper wrote:All parents want the "best thing" for their kids. The definition of "best thing" can vary from household to household.
The discussion is centered around the idea of need vs. want.
Sometimes, the "best thing" for a son / daughter may not necessarily be a new car, but its sometimes hard for us parents to separate the desire to give children what they need versus what their children want.
Sometimes its even hard for parents to separate out what they "want" to give their kids vs. what they "need" to give their kids.
If you give a man a fish, he will be fed for one day. If you teach a man how to fish, he will never starve.
I say this in the best possible way... I would love for you to learn how to fish
+1
OP, listen up! Don't let your parents waste all this money on you. Just because they will, doesn't mean they should.
A car is the worst thing they can help you with. There are many cheaper forms of transportation than a new car.
Get a job, then get a car you can afford. Maybe your parents can help you later on something wiser, like a down payment on a house? Although, it doesn't seem like they are in a position to help you. They probably need to be focusing on themselves right now and getting geared up for retirement.
+100 and you are much more tactful than I am in getting the important points across.
Webhopper and Dustink have nailed it. Nothing more to add other than "I agree"