Hi all,
I'm sponsoring a Ukrainian family and they are living in the Atlanta area. They need a car! Both are working full-time and the woman who is the one shopping for a car has a credit score of 647 (it was 664 until they did a hard check for a car loan yesterday).
I'm wondering what the best way to get a loan for them? They have Bank of America checking and credit accounts so far.
My worries are mainly that they have been in the US for less than a year and apparently that can make financing harder? And also, I'm not sure if it will come up or not but the State Dept sponsorship program goes 2 years at a time... we have every reason to believe their stay will be extended (most sponsorees in previous programs have been allowed to stay 20+ years) but officially we wouldn't be able to document that.
Any ideas for financing? They are making good money and also even though they won't have a co-signer, my church is backing them up financially. We currently have around $10,000 left in the fund we set aside for their costs, so we have that set aside for any emergencies/shortfalls they may face.
