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cvand35 asked:
have horrible credit, my girlfriend has no credit. My truck was stolen and we urgently need a vehicle, she’s pregnant. We don’t have to the time to save for a bigger down payment, and the interest rate will break us. Is there a way to show my income as my girlfriends while keeping my name off the note? We have a joint accout, and call our income “our money”. Can I pay her a weekly salary to clean the house? If we show the weekly depsots into our shared checking account would the creditors look at it as her income?
Sphere: Related Contenthave horrible credit, my girlfriend has no credit. My truck was stolen and we urgently need a vehicle, she’s pregnant. We don’t have to the time to save for a bigger down payment, and the interest rate will break us. Is there a way to show my income as my girlfriends while keeping my name off the note? We have a joint accout, and call our income “our money”. Can I pay her a weekly salary to clean the house? If we show the weekly depsots into our shared checking account would the creditors look at it as her income?
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Tags: Break, Checking Account, Clean House, Creditors, Girlfriend, Girlfriends, Girlsfriends, Interest Rate, Keeping My Name, Loan Application, Money, Salary
July 22nd, 2008 at 8:35 pm
get married, i live in vegas….then get an anolment hahahaha
July 23rd, 2008 at 10:40 pm
In a nutshell, no. They would look at it as fraud. If you were paying her, even if it was cash, you would be supposed to pay social security in for her. Then there would be federal withholding. Even if you called her contract labor, you could only pay her $600.00 before the social security thing kicked in. Sometimes it is easier with not so good credit to buy a new car rather than a used one. Try Kia.
July 26th, 2008 at 4:57 pm
If you have bad credit and she has none, you can’t expect to get a decent loan with low interest.
I would look into getting a cheap car for under $2,000 that you could drive until you mend your credit or save up for a new one. You really shouldnt be looking into new cars before you repair your credit. If she has no credit, it’s time for her to start getting it. Put a small bill in her name like the internet or phone or cable tv and keep it paid promptly. That will establish credit in her name.
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