10-31-2007, 02:06 PM
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#1 |
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Greenhorn
Join Date: Dec 2006
Posts: 12
Rep Power: 0  |
Help finding an car loan with low credit score?
i have 601 as my credit score. i am 22 and had a couple credit cards go to collections which i eventually paid off,and is on my credit report as delinquent.charge off. i finished paying the last collected credit card off this past february. i now have one secured card and one unsecured credit card to help me re-establish credit. i just got qualified for another credit card to help add more credit history and more open accounts to my credit report. they are all minimum amounts of 300. i'm looking into getting an car loan for a vehicle. my current vehicle is currently worth 3 grand. i need about 8 grand more. to pay off my student loan and receive the vehicle of my choice. i understand my interest rate will be high with my low credit score. are there any places that are legitimate that i could actually get qualified for an car loan through? ive heard about credit unions and don't know much about their car loans. do you have to be married to get an car loan through them?<br />
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10-31-2007, 02:06 PM
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#2 |
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Greenhorn
Join Date: Jul 2006
Posts: 33
Rep Power: 6 |
Help finding an car loan with low credit score?
Before getting another loan with such a low credit score, you need to clean up your credit rating first. If you get a loan, most likely your loan will not only have a high interest rate, but it could have a large balloon payment as well. go to the website below and read all of it. It's called Easy Credit Repair. I used this myself and went from a score of 480 to 709 in one year! Lexington credit law found in the bad credit repair section really helped me clean up my credit reports. I highly recommend them!
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10-31-2007, 02:06 PM
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#3 |
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Piggy Bank
Join Date: Jul 2006
Posts: 54
Rep Power: 6 |
Help finding an car loan with low credit score?
Credit Score is not all they look at, must meet minimum debt service ratios, your cosigner if you have and they look your job.
I found interesting information about your answer & THE BEST car loans options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/car-loans.html |
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10-31-2007, 02:06 PM
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#4 |
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Greenhorn
Join Date: Jun 2006
Posts: 34
Rep Power: 6 |
Help finding an car loan with low credit score?
There is a bunch of useful information like articles,pictures,videos here to help answer your quetion.http://loan.goodhelper.info
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10-31-2007, 02:06 PM
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#5 |
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Greenhorn
Join Date: Jul 2006
Posts: 11
Rep Power: 0 |
Help finding an car loan with low credit score?
There is a lot of useful and intresting information here to help answer your quetion.http://loan.goodhelper.info
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10-31-2007, 02:06 PM
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#6 |
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Greenhorn
Join Date: Jul 2006
Posts: 35
Rep Power: 6 |
Help finding an car loan with low credit score?
There is no absolutely answer for your question.However,explorer the information here will give you some ideas.HOpe it helps.http://carloan.featured-resources.info/amortization-calculator-car-loan.html
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