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jokerfriend6 t1_j6n8dfn wrote

It would be worthwhile to take care of housing first. I'm concerned about your partners low credit score. It would be best, if your credit is good to go for housing alone if your income is good enough. Getting housing with no debt will help. How is your car? Can you share a car for awhile?

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Traditional_Link_555 OP t1_j6n91lz wrote

My credit is ~750, I make 62k annually and we cannot share a car as my vehicle is manual and she cannot drive a manual transmission.

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BoxingRaptor t1_j6n9exm wrote

> my vehicle is manual and she cannot drive a manual transmission.

...This sounds like an easy problem with an easy solution. You could teach her how to drive stick in a couple of sessions over a weekend or two, and you have about 6 months to do it.

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Traditional_Link_555 OP t1_j6n9pa7 wrote

She isn’t comfortable driving my car, I have offered to teach her in the past. Believe me, that was the first thing I mentioned when we started talking about this.

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jokerfriend6 t1_j6n9rd7 wrote

Consider acquiring a used car with cash. Your partner has bad credit, if they get a car on credit their interest rates will be close to 23% and you will likely be bailing them out.

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Traditional_Link_555 OP t1_j6na3dd wrote

This may be something to consider. Would a leased vehicle still come with the same issue of very high interest rates?

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jokerfriend6 t1_j6nayv4 wrote

For them yes. What is your partner doing to improve her credit? I hate to say it but some people never learn about money and finances and it is beyond them. In such cases, a lot of times it is cheaper in the long run to buy them something simple and let them have it, vs financing. Never give them money directly.

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Traditional_Link_555 OP t1_j6nbecj wrote

I totally agree, although they are currently working on paying off existing debt & being more mindful with finances. They have paid off one credit card, and the last large bit of debt they have is student loans and a few thousand dollars in medical debt. Their credit has climbed significantly in the last 6-12 months, so there is definitely progress being made.

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jokerfriend6 t1_j6nbwoi wrote

Well keep on paying off debt to become free. I would see if I could borrow a car from a family member until the debt is paid off, or get a car from one who is looking to upgrade.

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