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 100k in student loan debt.
65k is from private loans, and 35k is from federal loans.
400 of every paycheck. 5000 saved at this time.
I had started making payments on my private loans to pay down interest a couple
months ago, as it was the first time it was financially viable.
0, so I don't check them every month. This prompted me to also check my federal loans,
and lo and behold, they were also suddenly due this month.
I was operating under the assumption that these loans weren't due for a while,
and was about to pursue a credit building loan this week, as I
do not have sufficient credit history to refinance.
400 a month with a 10% interest rate (v). Before you mention how absurd
the interest rates are, they were a line of credit at 6% when I acquired them, and they
were my best option at the time for student loans.
500 a month in interest. My dad has suggested that I take out a credit building loan at 3%
against my balance in savings, and use the loan to
pay down the lower of the two loans. 1k a month and I can't
afford that. Do you guys have any additional suggestions/critiquing of my plan etc?
I'm really dumbfounded right now. This isn't how I expected my night
to go.
Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car.
Some dealerships have been know to sell salvage title vehicles
and submit the title for a loan, unbeknownst the bank or the vehicle's owner.
This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.
Does a car with salvage title qualify for CARS?
The salvage title has to do with obtaining a loan on the car.
However, I would disclose it. Where can you get a title loan on a salvage title?
What state can you change a CD title for salvage title? Florida
is one state where you can change a CD title for a salvage title.
Another state where you can change a CD title for a salvage title
is Tennessee. How do you change a salvage title? You cannot
change a salvage title legally. How can i get a clear title for your
salvage car in California? You cannot legally.
Once a salvage always a salvage. At best you can get a "rebuilt" title.
Banks that offer car loans for salvage titles? Few, if any will
give you a loan. That's why it's best to either avoid high-priced salvage cars or buy older cars
that have been totaled with cash - it doesn't take much to
total an older car these days and the damage could simply be cosmetic.
Some Prior salvage cars are even better than clean title.
If a salvage yard owns a car is the title considered salvage?
How do you determine that the department of motor
vehicles has issued a salvage title for a vehicle?
As of 2013, the best way to determine if the department of motor vehicles has issued a salvage title for a vehicle is on the title it will state that it is a salvage title.
A salvage title is a note that states that the vehicle has been damaged or deemed a total loss.
How can you ell if you bought a vehicle with a salvage title?
It will say "Salvage" vehicle on the bottom right corner of
the title. No vehicle can be sold without indicating if its
a salvage, rebulit or a regular title.
If a car has a New Jersey Salvage title would you have to get the salvage
inspection done in NJ or could you do it in NY to get the reconstructed title?
NY then you need to transfer the title to a NY salvage title.
Then, you can apply for a reconstructed title there.
Here in NJ, dont have a "reconstructed title". How do you
get a title for a motorcycle that was bought from a salvage yard?
What is the difference between a salvage title and
certificate of salvage? Salvage title means it is a "title" that can be ugraded into rebuilt/prior salvage depending where you live in America.
Certificate of Salvage is not a title and can never be a title it is just a certificate saying that the MVA is
giving you proof that you own this parts car or what ever it is.
It is never allowed to drive on public roads even after you fix it.
I had my salvage title vehicle inspected by Ohio highway
patrol but it still has a salvage title how do
i get a clear title? Once a vehicle has an Ohio Salvage title assigned, the history remains with that VIN until the vehicle
is scrapped. The Registrar in your county will issue a Repaired Salvage , or "branded"
Title that you can get your license plates with.
You cannot obtain a Clear title for this car. Can you get a clean title from a repaired
salvage titile?
Can I get a clean title from a repaired salvage titile in NH?
How much does a salvage title take off a cars value? How do i get a clean title from a salvage
title? Once a salvage title always a salvage title. You may
get totaled/reconstructed or some other wording but the car will never be clean again,
it will remain branded and it is illegal to do otherwise.
To remove the 'salvage' on the title would defraud the next buyer.
It would be unethical and probably illegal. What does it
mean 'the car is PS title'? It means that the car
was damaged, but was not reported as a salvage title. A PS Title is Pre-Salvage.
It is a clean original title on a car that in most cases should have been transferred as a salvage title,
but for whatever reason was not.
How can you make a salvage title clean on a fifth wheel in Iowa?
You cant make a salvage title clean in any state. Once it has salvage on it, it can not be reversed.
What are the requirements to turn a salvaged title in Utah to a clean title?
When an automobile is issued a salvage title, the automobile can never get a clean title.
The salvage title will always remain with the
vehicle. How can you make a junk title on a RV camper into a clean title in North Dakota?
You first need to change the title to a salvage tile.
You can go from salvage to rebuilt but with a Junk title
you can not. Junk you need to find a state that converts Junk
to salvage. Usually because the state does not have a junk title.
Can you sell a salvage car with a clean title and telling the buyer its a salvage car?
If it was a salvage car that you rebuilt and now have a clean title for yes, you can sell
it as long as you inform the buyer that it was a salvage car.
Is it possible to get a tag for a salvage car?
You can register with a salvage title.
If you buy a salvage vehicle with no title and repair
it how do you get a title? When you bought the salvage,
the junk yard should've given you a 'salvage' title.
You don't buy cars without getting a title. Talk to your state
DMV and hopefully it's not stolen! What state will over turn a salvage title?
There are states where you can "wash" a salvage title but that's
unethical so you are on your own. Is it the dealers responsibility
to disclose to the buyer that a vehicle was purchased from a
salvage yard? How can you get the salvage title
removed and how much does it cost? It's not legal, ethical, or possible.
A salvage title is a permanent brand. What happens if you
buy a car unaware of salvage title? UNLESS they sold you the car with a clean title when they knew it was salvage.
How much to sell a car with a salvaged title? A salvage title car
will bring far less that one without a salvage title. Deduct
about 20% from the retail value. We bought a vehicle
with an undisclosed Rebuilt Salvage Title in Kansas is there recourse?
Can you sell a salvage car? In general, yes. However, to
do so lawfully, a new title has to be issued, usually called a "salvage title".
What does rebuilt salvage title do to value of car? A
rebuilt salvage title is issued when a vehicle has
been declared a total loss.
When that happens, the original title is "retired", and the
salvage may be sold--often by an insurance company that paid the owner and acquired the
salvage. As a way of recovering some of what it paid, the salvage will
be sold by the insurer. The buyer of it may then repair the vehicle to make it road-worthy.
How do you know a title is salvage or branded? It will be
printed on the front of the title. Can a vehicle be register and tagged
with a salvage title in SC? As long as it is not a "RED" title, then yes you can. I drive a vehicle in SC with a salvage title.
If the title color is red, then you can not
re-title it.
This is something that they just started doing, and
the red title means it is not rebuildable. What is
a title loan? Title Loan' is a loan you will be getting of having a car loan on your on name.
Nope. Not legally anyway. The best you can do is totaled/reconstructed' if the car
is roadworthy. Once issued a salvage title a car can never be issued a clean title legitimately.
Is the warranty still good on a salvage title car? No, the warranty is
void on a salvage vehicle. Can you vehicle with a mv 907a salvage title be transferd to a NJ salvage title and be inspected in NJ instead of
NY? No, only in new york and massuchusetts.
A classic car with reconstructed title worth anything if restored?
A lot of classic cars have titles similar to that. Salvage, modified, or otherwise.
No big deal. Where that would be an issue, would be on a new car.
A bank will not loan on a "dirty" title. It will have no effect on a classic.
Can a salvaged title be cleared? Can I get my name
off the title and loan of my ex-son in law's van if he still
has a loan on the van? The loan must be paid off and you must sign the title over in order to get the title and loan out of your
name and responsibility.
The loan must be paid off and you must sign the title over in order to
get the title and loan out of your name and responsibility.
Do you legally have to disclose that a car has a salvage title
to a buyer? Yes you do have disclose a salvage titled vehicle.
How is a salvage title converted to a regular title? SALVAGE VEHICLE When you dismantle, destroy or change the character of your car so
that it no longer is a complete car, you must surrender your Certificate of Title to the
Clerk of Courts for cancellation. When you sell your
car to a salvage dealer, you must surrender your Certificate of Title to that dealer with the assignment completely executed.
What reasons cause a car to have a salvage title?
 You bought a used
car and when you tried to trade it in they said it has a salvage title six months after you bought the car?
That means that at some point the car was wrecked so severely that the cost to repair it exceeded 75% of
the value of the car. The car was therefore totaled and sold to a salvage
yard. The salvage yard sold the car to someone who repaired it and sold
it with the required salvage title. You should have
noticed the salvage title when you bought the car.
How can you tell if you bought a vehicle with a salvage title?
Can a dealer ask you to return a new car if your trade-in is later found to have had a salvage rebuilt title?
How much does a salvage title reduce value? A salvage title will reduce the value
of an automobile by about 50 percent. However, in some cases, it will
reduce the value by 80 percent. Discounted sale price for salvage title?
If the car was salvage but repaired/reconstructed
to decent standards it's worth 60% of the value of a comparable car with a clean title.
How do you get a clear title in Florida And How much does a salve vehicle title markdown the price?
Once a salvage always a salvage or totaled/reconstructed;
you cannot legally get a clear title the brand will remain. A reconstructed and roadworthy salvage car is
worth 60% of the value of a comparable clean titled car.
If it's still salvage maybe 25% of the value of a comparable clean titled car.
Can one title loan company find out if you already have a title loan? Yes, they would obviously know about it.
When a title loan company offers you a title loan, it will check the car title well in advance.
When it checks the title, it will easily come to know about any liens.
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Low cost home equity loans are a type of loan through which the equity in a borrower's home is used as collateral.
These loans are different from a full mortgage in that they do not attach the full value of the home, but rather, the amount of money the customer has already paid toward the home purchase.
These types of loans can be beneficial in emergency situations,
such as for the payment of medical bills or major home repairs.
The home equity loan places a lien against the house for the amount borrowed, in turn reducing the home equity.
Low cost home equity loans are considered as "second position" liens, or second mortgages.
In other words, the loan creates a second trust deed
in the property.
If the home were to go into foreclosure, the initial loan issuer would have first claim to the property, after which
the equity loan issuer would be granted their rights.
The loans are intended for a much shorter period of time than the
traditional mortgage. Low cost home equity loans are much different than home equity
lines of credit, and it is important for the
consumer to understand the differences between the two.
Home equity loans are issued in one time sums, typically with a repayment schedule and a certain fixed interest rate.
On the other hand, home equity lines of credit are essentially creating
a revolving credit line with adjustable interest rates.
When choosing a financing company for a low
cost home equity loan, there are a few factors which must be carefully considered.
Choosing a company based on reputation, interest
and other related financing rates, terms of the loan are all wise decisions.
Likewise, by working with a local agent you will most likely get a better
loan plan than if the company has no personal interest in your
area.
You have a couple options. Take out an Auto Equity Loans in West Palm
Beach loan. Will be low interest but you will be required to maintain full coverage for the bike and have
a lien on the title. Take out a personal loan. Will
be medium to high interest depending on your credit (normally 7-16
percent). Benefit is you do not need full coverage and there will
be no lien on the title. If it’s like like buying a car with a loan, you will need to give the bank
the vehicle details when taking out the loan during the application process to get
the loan. This will be a downside if you want to test
drive it since most want cash in hand. Not too bad if you know you want the bike though.
I filed bankruptcy and included my title loan. The title loan company wrote off my account, but they won't give my title back nor will they come get the car.
I filed bankruptcy and included my title loan. The title loan company wrote off my account, but they won't give my title back nor will they come get the car.
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