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Building credit by using my car to loan money from bank?

Tom asked:


I am kind of new in US and going to build a credit history.
I bought used car by cash from the first owner.

What if I loan the money from the bank by using my car as an assurance;
1- that will make me become a fourth owner when I paid it already?
[ first- me- bank - me]
2- does this make any sense?

I got the secured card already, just trying to build credit from installment loan.

Please give me your advice. Thanks in advance.
Tom

Anyone out there able to get a 60 day pay day loan online?

austin s asked:


I have seen links for them but everytime I click on them they say 30 day loans. I need some money for Christmas and cant pay it back till after I get my income taxes back. So I was hoping to get a hassle free instant approval 60 day loan.

Any real pay day loan companies?

Grandview Investigations asked:


Are there any REAL pay day loan companies, as when I fill it out, I keep getting shuffled around and around and around, but never get anywhere, except putting all my personal information online. They appear to be brokers for the actual loan companies. Does anyone know of one where I can simply fill the thing out and get it right there, instead of getting forward into internet world?

? about a relative on SSD who can’t pay off loans?

It’s gonna get better asked:


This is complicated. My mother took out 5 loans when she needed them the most. .. u know., those fast cash payday type loans, 2 in town and 3 online. She originally owed 1500 but now owes 2500 due to interest (if u add all the loans up). Now here is her situation: she became gravely ill in 2004 and had to quit work and due to major major (organ transplant ) issues and issues that have almost taken her life several times SINCE the transplant, she can no longer work and is on social security disability. Due to the horrible medical situation she was in for literally years where she spent the better part of two years in a hospital, she had to file bankruptcy 3 years ago. She also lives with my grandmother and they share a bank account (moms SSD and gramdma’s retirement she recieves each month. Now I have two major questions here: (1) what can they do to my mom? they can’t jail her or anything can they?? or take away what she owns ? (she doesn’t own a home just rents, she does own an old car. (10 plus yrs old) She said they never asked her to put up any kind of collateral what so ever… on these loans. Just gave them her checking acct information.She absolutly could NOT survive in jail., no way whatsoever. Also, can they take my grandma’s money? They do share an account but my grandma’s name is NO where on any loans at all. She had nothing to do with the loans. She is elderly and needs her money for HER own meds and needs. I am so very worried for my mom. Please help!