Wednesday, May 26, 2010

626 credit score auto loan possible?

I would like to buy a car but have been turned down for financing any suggestions



626 credit score auto loan possible?

someone will give you a loan just keep trying



626 credit score auto loan possible?

yes. they got some good sights., don%26#039;t remember name/ any way, you can choose a car exact the color and all. then you can make a bit or tell them a price you r willing yo pay. then usually 4 or 5 dealers will contact you, you do al little.....................................



626 credit score auto loan possible?

It may be possible, but typically creditors don%26#039;t just look at the score. They also look at things like past repayment history, collections, judgements, foreclosures, etc. The most recent 12-24 months are the most important, although a credit report shows 7-10 years of credit history. You may wish to consult annualcreditreport.com. You can get a free credit report (you have to pay for the score, but don%26#039;t bother) without hurting your credit and read more about your report. Be sure to dispute any errors you find. Good luck!



626 credit score auto loan possible?

Try some more dealers with a larger down payment, if you must. Sounds like you need to save some cash and get you a paid-for car to get around in while you clean up your mess. New cars suck the life out of your budget and overall net worth as they drop in value several thousand bucks as soon as you drive it home.



A homeless person can get a new car loan...it%26#039;s just a matter of down payment and interest rate.



626 credit score auto loan possible?

well my credit score is in the low 600 and i just bought another car and had to finance $19,000. try a dealer that specializes in bad and low credit. It also doesn%26#039;t go by just credit score but debt to income ratio... also try a buy here pay here that reports to credit agency%26#039;s when I got my lisence 3 years ago i had no credit went to a buy here pay here that reports and 1 year later had a credit score and now have 2 car%26#039;s (06 Jetta bought brand new and a 03 chevy s10 I just purchased) So my advice is find a dealer that can help your look for a buy here pay here that reports. not all of them do.... Good luck



626 credit score auto loan possible?

You%26#039;re OK for a car loan. The collateral must also be OK. Some cars aren%26#039;t easy to finance i.e., high miles, older than 5 years, Daewoos and other out of production makes. After reading your question you could have a debt to income ratio problem. If you had a mortgage your qualification score would be better. Renters don%26#039;t score as high. Be careful not to paint yourself back into the corner with new debt.



626 credit score auto loan possible?

Check with your credit union first. If they say no. Go to



www.capitolone.com. Blank check. With your credit score



you may get a high interest rate, but they will finance you.



I%26#039;ve had a lot of clients use them.



P.S. stop letting people check your credit, it lowers your



score. Good luck, enjoy your new car!



626 credit score auto loan possible?

try capital one auto finance. They can usually give a decision in 15 minutes or less. I%26#039;ve been approved multiple times by them and I have probably the same credit score.

1 comment:

  1. Thank you for sharing such great information. It would be very informative, if can you help me in finding out more detail on Auto Loan, i am interested and would like to know more about this field and wanted to understand the basics of Banking Services.

    ReplyDelete

 


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