Question:
Some one else was at fault however their insurance is still "investigating" the accident. Having just taken out a morgage and the settlement offered by my company going entirely to pay off the car loan, do i have any way of getting a car at the same value, and same interest rate with this total lose settlement. The bank has already said they cannot approve me for a loan based on my current debt, but credit score is still above 700. I live in ohio.
Answers:
If you made a big enough down payment on your house, you might be able to get a "home equity" loan, through a secondary mortage company. The advantage to this is, the interest is deductible, even if you use the loan proceeds to buy a car.
With a credit score above 700, you can always go to a finance company, though the interest rate will be an outrage. Still, it may be the way to get a car right now, then you can refinance that note after a few months of successful payment.
what county does the registration rcd come from?
go to a buy here / pay here place. buy a crappy car[ less then 1000] and wait for the insurance...or rent...I would advise you to go open an account in any Federal Credit Union and transfer your house mortgage to that credit union. Since your credit score is very good getting car loan from credit union is very easy. Credit Unions look at their customers as part of family not like an account number like the big banks do. This is my personal experience. Good Luck.
How do I get car insurance in Massachussets?
Since your insurance company has already settled, what the other driver's insurance company is doing wont' affect you -- it's primarily between the insurance companies now. At best, they'll return any deductible that you were responsible for.Blood tests . Reinstate driving licence?
As to buying another car, you'll just have to shop around for a lender that will carry the note. Whether or not you'll get a similar rate will be up to the lender.
You might also want to point out to the bank that refused you that the loan on the car that was totaled has been paid off. It may still be showing up on your credit record for a couple of months after the payoff and they could be basing their decision on that incorrect information.
can any one help me to get motor insured ?
Going with a credit union is a good idea as mentioned by another poster. You can't "move" you mortgage loan there though and it's probably not worth refinancing just to place the mortgage with a credit union.
You can buy a decent 'beater' for less than $2,500.00 that will take you to and from work until you save enough for a better car. You have too much on your plate to bother with another loan now.
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