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hilo

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Everything posted by hilo

  1. It's not a $150 tow fee. The fees add up to $700. It has only been 3 days. The reason it was towed? I don't know - bad neighbor, it was left wheel to curb? They though it was abandoned. Like I said I had it scheduled for pickup.
  2. Oh Ok thanks! Should this be in the regular, i.e. not advanced credit forums? I had not been here for a while after the restructuring.
  3. Thanks for that advice however my question still stands: If I get a letter from a collection agency, what is the first response letter? A TFC letter? Sorry it's been a while and the TFC protocol is not included in the pinned sections that I can find.
  4. Hi there, A few days before I had scheduled a junk car donation to come get my car, my car was impounded. I don't want it and I don't want to pay for it. I will first try to trade my title to the wrecker company for the fees. If I can not, and I get a letter from a collection agency, what is the first response letter? A TFC letter? Thanks
  5. Thanks Kat58! That helps. I didn't realize it was an "Installment loan" thing. I kept seeing the words: "alliant hack".
  6. I've been trying to search for explanations of the Alliant hack. The search on here is the pits. Can one of you kind people point me in the right direction?
  7. I agree and you have valid points that I have also considered. However I am in a rock and a hard place. I have a disability - one metric of needing a car. The car loan is not a 'new car' but used in the cheapest car class. ( I realize you may have meant new as in 'new to me') With half down, I'm looking at a payment of $80-$100 a month. That may change when the hard pull is done... Putting half down is a gamble because of what you said about the unknown happening that the amount could be needed for. How did I get it? Once a year there is a festival in which I can rent the house for $1k a night. the car died during that week. I have some small income a month on top of the renters from a contract job. I weighed the cost of other transportation (uber, car2go, bus, train) given my conditions and that would be close to $300-$400 a month. The job situation should be promising, there's not enough code writers for the market but the first junior job is the hardest to get. With a job I intend to put half my income into the debt and I'm not opposed to driving beaters as my last car was 20 years old. the transmission and oil problem costs more than the worth of the car. I found out about these problems 2 years ago when my situation started and did not rush to buy a car with the intention of riding it out until the last leg. That leg has finally broken and I got two years out of the car without spending a dime. Thanks for rooting for me! I'm rooting for societies who's values don't leave people in a lifetime of debt for education and healthcare. They exist , but unfortunately I'm stuck in this american one.
  8. I've never been late on my mortgage. I make it work with renters to cover 90% of the payment, but I definitely struggle and will continue to until I have gainful employment. My point being, the dti with the rental income is not enough for the underwriters to be happy with. I have to keep the house , it's my only retirement and gains $50k+ value each year. However being in Texas, the taxes go up every year about 1k. Why? Because I'm a mile from downtown in the hottest city in America. Health is another but not the last metric for keeping the house. I won't go into that but know there are other factors.
  9. How much does a hard pull affect the score? My Experian score already went down 11 points from a soft pull?
  10. I can get a car loan. I have reasonable credit. Can you explain what frontend and backend ratios are?
  11. Sorry for the misunderstanding, I have a pre approval , re: "It seemed like Carvana was going to approve me". I called and asked who it was with and then researched that it is a subprime lender. (who will also be changing names soon ) Thanks. I'll consider all of your advice! And report back what comes about the real hard pull .
  12. The reason I worry is because my mortgage payment will be considered too high compared to income. I pay it by having renters in the house. A car will greatly improve my ability to get a job for the income that I need. I was unemployed and went to school this year to improve my situation. My past two tax returns are low. They did not used to be but those prior to two years won't matter.
  13. Being asked for tax returns or bank statements.
  14. I'm talking about extra coverage for a warranty. Not insurance I have insurance. Any better rate I can get is help in my situation.
  15. It's not, necessarily. I just did some research and found out that that particular service uses subprime. So I thought I'd mention it, in case anyone had info to add about it.
  16. It seemed like Carvana was going to approve me without full coverage. It might be that after the hard pull they would require it. Also when , if at all do they ask for bank statements or tax returns?
  17. Mostly high debt ratios, age of accounts etc. might have one $200 charge off still but that was supposed to fall off. I just tried to get a free report for reason of denial but Experian site is wonky.
  18. What does that mean? Purchase a coverage policy.
  19. How would a car loan affect the qualification of a mod? Do I wait until after it's modified? before. I need a car in Texas in order to get a job in order to pay the bills. Mine just died.
  20. Hello, I need a car to go to work. My credit with Experian is 718. I can get the others. I have $4000 for a down payment. I have high d/i ratio I won't take out coverage. With Carvana I can get a rate around 5% on 5000 loan for a car that is near a price of $8500. (includes registration and state costs) with a subprime lender which might affect future credit. Re: "GO Financial is a sub-prime lender and that will not look good on your credit history." My questions are: 1. which lenders will NOT check my bank statements or ask for tax returns? 2. which lenders do you reccommend checking rates 3. Do I get rates all in the same day? ( since they will be hard pulls?) 4. Should I not bother with USAA since they require "Excellent" credit? - I do have a 20 year history with them.
  21. I live in the center of Austin Texas is what happened. I've already done the HAMP 2 years ago. Can I do it again? I have a disability but am preparing for the future by gaining technical skills. I'm currently unemployed, do I just calculate my DTI regardless?
  22. Kuuner thanks for your reply and sorry for the delay. I want to look into an in house modification due to loss of employment. (however, not lost due to a disaster) I wanted to get any advice on this as I am current and don't plan to default even if 'they' advise to. My income is painfully low and I've been out of work for a year. Previous years tax returns were low as well due to business I owned on the decline. Hence the unemployment. The payment went up due to taxes and it has become unmanageable. I rent out rooms to afford it now. I'm wondering if renting will affect qualifying for a modification? The house is my homestead in Texas. I report the rental income. The first thing I did was ask to stretch out to 3 years, the payment included for taxes that the escrow couldn't cover. My payment last year was $2100, it jumped to $2400 because of taxes. My goal is to keep the home, (not interested in selling) , I don't care how long the loan is, 40, 50 years is fine with me if they will do it. Any advice or idea how low these modifications can get the payments?
  23. Hello, I recently called Ditech to ask what mortgage refinancing options there were. I asked about the Disaster relief assistance because I am in an affected area. I then received a letter that stated I was being assigned a representative. What does this mean? I'm currently seeking employment. I can make my payments now with the help of roomates. The taxes recently went up and I want a more affordable payment. They sent me a package to see if I qualify. What I am afraid of is any information I give them may be used against me seeing that simply asking about disaster relief made them assign me a rep. Any thoughts or legalities I should know? I'm in Texas. payments never late.
  24. bump, can't the OP get any more info than this? Does anyone else have experience with a DOLA resetting the 25 years?

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