There are a lot of risks involved for a co-signer. Sometimes the arrangement works out well for both parties, but this isn’t always the case. Try to explore other options before asking someone to cosign on your auto loan.
B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) is a free driving program for teens led by racing champion Doug Herbert. This pro-active non-profit has recently reached a milestone in promoting teen driving safety by instructing its 20,000th student since its inception.
If you have a car when you file for Chapter 7 bankruptcy, you could find yourself with a big decision to make. In many cases, a bankruptcy filer can choose to either keep the vehicle or surrender it to the lender.
Choosing to buy a car that has been awarded a spot in the J.D. Power APEAL Study rankings is a smart move. And there are a few models on the list that might be affordable enough for consumers with credit issues or limited budgets.
Autotrader has recently published a list of new vehicles that are priced below $25,000 (starting), get at least 30 miles per gallon on the highway (EPA estimated) and are ideal for recent college graduates.
Having good credit will help you qualify for loans, get better insurance rates, rent an apartment and qualify for a cell phone plan. And it is entirely possible to start building good credit as a college student.