If you have a car loan in your name from a credit union will it affect your ability to get a loan for a second car from a dealership?

Answer ALL loans affect your Credit Rating. Some good and some bad Answer All existing accounts are also used to calculate your "debt-to-income-ratio" (DTI). This is the percentage of your income that you pay out in bills.

This number has to be an acceptable number to the lender before they will close a new loan.

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