Credit Card Center Advertiser Disclosure

New Member
Posts: 1
Registered: ‎02-20-2010
0 Kudos

Question about getting car loan



I'm not looking to purchase a car any time soon but I have a question I need insight on when the time does come. That time most likely will be two years from now.


I'm currently in college and am only working part time now which is 19 hours a week. I just pulled my equifax fico last week and it is a 726. If I were to apply for an auto loan today I would not be approved because I don't have enough income.


Here's my question. My husband works full time but has horrible credit. Bunch of CO's. When we do our taxes and we do it jointly is his income therefore mine? If I were to apply for an auto loan, could I apply for the loan myself and show his income but it's also mine too becuase we filed our taxes jointly?


We've been married 1 year and 1 month now. This tax season will be our first time filing taxes. We're still learning.



Posts: 14
Registered: ‎12-01-2012
0 Kudos

Re: Question about getting car loan

The loan would be on your income if you put your name to it. He would have to co-sihn for his income to apply. Unless I miss understood.
Current myFICO Score: 747 as of 12-1-2012
Senior Contributor
Posts: 3,070
Registered: ‎11-02-2009
0 Kudos

Re: Question about getting car loan

To apply using both incomes, you need to both be on the loan, and therefore, both your credit and his credit will be used.  It doesn't matter if you file your taxes married filing jointly or separately. 


The good thing is that auto lenders are not like mortgage lenders.  There are several auto lenders that will use the best score of the two applicants, as opposed to mortgage lending where they always take the lowest mid score of the two applicants.

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

Take the FICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.