WILL I GET APPROVED GONNA APPLY TOMORROW???

[Anonymous]

Hi 

I want to purchase a 2006 Lexus RX330 

My Scores are

EXQ-700 TU-698 EXP FAKO-727

I have 2 Collections

One for 181

2nd for 91

Have had 3 auto loans all paid off no Lates

AAoA 5 years

Only thing is i cosigned for my mom on a car for 35,000

the car i want is 18,000 will i get it? 

Thanks means alot

[Anonymous]

Also i will actually be the cosigner with my boyfriend he has a 480 will it work we are putting 2,500 down

[MarineVietVet]

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@Anonymous wrote:

Hi 

I want to purchase a 2006 Lexus RX330 

My Scores are

EXQ-700 TU-698 EXP FAKO-727

I have 2 Collections How old are these?

One for 181

2nd for 91

Have had 3 auto loans all paid off no Lates

AAoA 5 years

Only thing is i cosigned for my mom on a car for 35,000 How new is this loan? Lenders probably will not look kindly on you already responsible for a $35,000 debt.

the car i want is 18,000 will i get it? Almost anyone can get a car loan it seems but you might not like the interest rate.

Thanks means alot

Also i will actually be the cosigner with my boyfriend he has a 480 will it work we are putting 2,500 down  Bad, bad idea. Co-signing for anyone especially someone who is not family is asking for big trouble.  Just my humble opinion.

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From a BK years ago to:

9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
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[Anonymous]

I TOTALLY agree with marinevietvet.

It is a bad idea to co-sign for anyone; remember, they need a co-signer for a reason. Horrible, terrible, very bad credit. LOL

If your Mom or boyfriend suffer financial difficulties, the finance company, bank or credit union will come for you. Are you prepared to pay your Mom's car note and your boyfriends car note? Are you prepared if the finance company sues you and begins garnishments from your paycheck for either or both vehicles?

What happens if you and your boyfriend break up and he decides that you should suffer. Hell, we know his credit is bad, are you willing to end up with the same type of credit as his if he decides to stop paying the note and puts the burden on you?

Love is grand but it aint always permanent. Something to think about.

We are here because we've made mistakes with our credit. Seven years is a long time to learn from a mistake.

[keikdasneak]

Do not CO-SIGN I REPEAT!! DO NOT DO IT!! I have a horrible story about co-Signing for my GIrlfriend and the car got repo'd..

[MarineVietVet]

The OP mentioned in another post that she decided not to co-sign.

[Anonymous]

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@MarineVietVet wrote:

The OP mentioned in another post that she decided not to co-sign.

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good girl!

eta:  I hope she decided to do that IN ALL CAPS!!!!