Can down payments buy credit?

I am asking from two perspectives:

First, in a world of needing credit to get credit, I am interested in how to build my own credit from very little or none at all.

Second, I am in sales, and I am tired of having my deals negated when my customers get turned down for financing.

When debt-to-income is the largest decider of whether or not they get approved, does making a down payment increase their chances of approval? If yes, on a 5-15K purchase, would a 5 or 10% down be enough?

get a credit card that does not charge a fee -- charge everything but pay the bill in full when it comes due -- this will built up your credit!!!

yes a 10% down payment will help but it would be better if they use the downpayment and reduce there debt so the radio would be better!!!

Buy a car on a loan will be good, because it is a first BIG purchase, and most the time you will get the loan, since car is a essential type of product. And the rate might not be the best, but the record will show you pay on time.

Of course, the more downpayment the easier the loan get approved. The best is always like 20%.

Tags

　　Easy Money 　　Easy Investing 　　Earn Money 　　Direct Investment 　　Debt Financing 　　Capital Investment 　　Business Investment 　　Business financing

Related information

What else is equity capital called?

The Webster's Dictionary describes "equity" as": fairness;just claim;legal system apart from common and statute law. You figure that one out!LOL I don't think any of your a...

Looking for the episode of "This American Life" about a Personal Finance Radio Show?

That doesn't really sound like the format of "This American Life". Are you sure it wasn't Talk of the Nation or something like that? The "My Two Cents" episode is a...

What is the name of this profession?

Financial Planner/Financial advisor

...

Acceptable mortgage rate?

That's way too much ... apply for a FHA loan. you will get approved for a very low rate of 5% at the least and there is also downpayment assistance too, that will cover your downpayment cost. ...

Can you call your credit card company and try to get them to lower your APR?

Be diplomatic. Calll and say, "I like to use your card, but the APR is 12%, and I've received an offer from XXX bank and their APR is11 1/2 %. Can you match that?" -You'r...

How do I talk to for financial advise...someone I can trust?

1) Simplify -- you don't need 6 credit cards. If you must have ONE for your business and NONE for your personal expenses. 2) Cut out what you can. Do you need the TV? no. Do you need cell p...

Capital Structure?

...

Consolidating debts?

Yes you are cosolidating your debts, yes the payment may be lower, but you will definately owe more, pay back more and put your home at risk if you get into trouble. Please think seriously before y...