Debt... what should I do?

[Michael Guzik]

Hey guys a little background I'm 20 have credit score of 720-730 with credit for a little over a year. I recently was basically forced to take over my dads car payments for a car. I'm not going to act like he had a gun to my head or that it's an ugly car but it definitely was not my wish or want. My question is I am looking to get into a house through house hacking and I am wondering if it would be better for me to just give my dad the money for the car every month OR get the loan put into my name? I know that the second option will in theory build my credit and also increase my Debt to income ratio. I am young and don't have well established credit so I am not trying to hinder myself anymore since I already have a lot going against me. What option do ya'll suggest I take? I'm wondering if either or both will impact my ability to get a loan or which will be the worst for helping me get an FHA loan? I'm really trying to get started and avoid anything that will set me back, and do things that will push me forward. Thanks for reading and please feel free to comment your opinion I'm open to suggestions and different viewpoints.