Free cars for single mom

You have to meet certain conditions. If you want to get a free cars for single mom

If you are a single mom, here is how you will improve your borrowing profile in the eyes of financial institutions.

A stable job

Doing odd jobs every 3 months will not improve your image. 

You must therefore justify a stable professional career and, at the same time, live in the same place for a long time.

Regular income

This is the logical continuation of the first condition.  

If you have a stable job, you necessarily have a regular financial situation.  

If you have other sources of income such as alimony, rents to be collected or even savings, the lending institution may take them into account in reviewing your case.

Do not exceed the debt ratio

If you have taken out other loans, however, your debt ratio should not exceed the maximum recommended rate of 33% (usually 1/3 of your monthly income).  

This means that with your current loans, the lender can grant you the auto loan if you still have the capacity.

Do not have an accident on your account

Problems with your bank account can happen, but sometimes it's safer to avoid them to increase your chances of getting credit. 

Thus, for the single mother that you are, it is better that you avoid having bad debts or late payments, the rejection of direct debit, the overdraft account or even the bad check.

Not to be on file, over-indebted

If you have not committed any payment incident, you will not risk being registered with the Banque de France.  

Remember that the FICP is a file that lists individuals who are no longer authorized to access credit, while the FCC file groups together individuals who no longer have the right to issue checks.

If you do not have the opportunity to meet all the conditions

In the event that you are not able to meet all the conditions for access to auto credit, it is possible to ask for help.

Choose a co-borrower

Know that it is possible to talk to a loved one or someone you know about your situation and ask them to become your co-borrower.  

This co-borrower must be solvent and above all meet all the conditions mentioned above.  Note that the co-borrower cannot be a co-purchaser.

 Choose a guarantor

 When applying for a car loan, the bank may ask you for guarantees.  

It is permissible to choose a person to guarantee the repayment of the credit in the event of default on your part.  

You can choose the guarantor within your family or those around you.  

Obviously, it must manifest its commitment in handwritten form.

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