Question about how will this affect us getting a car loan :
My husband and I are going to get a car loan tomorrow and make a car purchase. I’m 24, and have little to no credit, so its reflecting badly. My husband is 35, and has perfect credit. Can we get denied because of me? We are doing it as co-applicants. I’m really worried on how its going to go…I had my identity stolen a few years ago, so I’ve had to fight like crazy for my credit, and to prove its not bad.
Answer about how will this affect us getting a car loan :
Since his credit is perfect, you should get the loan without a problem. Yours might bump it up a little in interest rate, but being co-applicants, your credit rating will improve as you pay this loan off.
Sorry about your identity being compromised, it can happen to anyone. One of the members of our police force had that happen to her, and it was quite a job to get it fixed.
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