Shawn Solar
Supporting Actor
- Joined
- May 12, 2001
- Messages
- 763
Hello all,
I was just wondering for all you financial types that, either understand, or work in the credit and financial profession can help me.
The wife and I are looking to buy a home. Apparently the only thing affecting how much we can borrow is the lease on our two vehicles. My van is the more expensive of the two. The plan was to use it for work but my job now provides a vehicle. I have the option on my lease agreement to be able to have a third party assume the lease pending approval from the financial company. My question being that if I do so would it lower my credit rating? It would not be benifical to me at this stage if my rating was lowered but freeing up the extra money would help a lot. thanks
I was just wondering for all you financial types that, either understand, or work in the credit and financial profession can help me.
The wife and I are looking to buy a home. Apparently the only thing affecting how much we can borrow is the lease on our two vehicles. My van is the more expensive of the two. The plan was to use it for work but my job now provides a vehicle. I have the option on my lease agreement to be able to have a third party assume the lease pending approval from the financial company. My question being that if I do so would it lower my credit rating? It would not be benifical to me at this stage if my rating was lowered but freeing up the extra money would help a lot. thanks