decemberkitty02 asked:


Has anyone got a bad credit auto loan? I need one, and can’t seem to find one. I’ve tried applying for a bunch, and can’t seem to get one.

I’ve worked at my job about 10 months, rented for about 1 year 2 months, and make about 1500 a month gross. My credit has been awful since June when I stopped paying on about 8 different credit cards. So it’s definately rated at BAD.

Any feedback would be great! Thanks in advance!

Lauren

suzann gilliland asked:


Has anyone got a bad credit auto loan? I need one, and can’t seem to find one. I’ve tried applying for a bunch, and can’t seem to get one.

I’ve worked at my job about 10 months, rented for about 1 year 2 months, and make about 1500 a month gross. My credit has been awful since June when I stopped paying on about 8 different credit cards. So it’s definately rated at BAD.

Any feedback would be great! Thanks in advance!

Steven

crysta asked:


My credit rating sure is about 500, right now. Though I am usually very responsible with money, I was sick and unable to work for 3 years. I missed several payments and developed bad credit. Things have changed, and I am completely healed/not sick anymore.
I found a car that I like, which inexpensive so that I can pay it off asap. It also has low mileage. I see many websites online offering auto loans, but have no idea if they are legitimate. I guess they might have similar thoughts about me because of my credit history. lol! Where is the best place to go for a low credit loan? Thank you!

Charlie

Cheyenne asked:


I am looking into getting a loan for a new car. I’m being told that my interest rate is 15%. That seems high to me. There are 3 negative marks on my credit report but all were under $500 and have since been settled. I have had an auto loan for 7 years and have never been late on a payment. I just opened a small limit credit card and pay it off each month. Should my interest rate really be that high?

Also if I open a savings account at a credit union how soon would I be able to get a loan through them?

Thanks for any advice
Yes, the dealership is finding the lender. My previous lender was Chrysler and they will only finance Chrysler vehicles so I can’t go through them. The dealership actually told me that several banks flat out denied me. I have a copy of my credit report and it’s not all that bad. I’m going to call the credit union today.

Colleen

chrls_bann88 asked:


My score is 480 yes oucH I fucked up in college and well it has actually gone up since I’ve been paying shit off etC and I got an auto loan for 18000 for a car worth 13000 maybe I’m dumb but it costs that much because my interest rate is out of this worlD. So it turns out the car is not even worth 13000 more like 10K and now I’m stuck with it. Ill probably keep it for 7 – 9 months to build up mycredit, do u think ill be able to refinance after that time, what do I do if I want to trade the car in and get a better one. I feel trapped because my credit is so bad

Roy

K.C. asked:


I have an auto loan at 16% (I know a little high but when I got it my credit wasn’t as good as it is now) and I have a credit card that has an intro balance transfer rate (which includes just them writing a check to someone) for 6 months and after that ana interest rate of 12% which is still lower than my car rate — I don’t have enough available credit on the card to pay it off but was going to pay about $2000 in a principal payment I still owe in the high $13K on my auto loan…..Ieaving about $11K on my auto loan….I pay my credit card bill on time and pay between $300-$500 a month on the card so I pay well over the min payment amount….Is this a good idea — I’m just trying to get my principal down cause it’s not going down by much with the interest rate being 16% —- also a refi is not an option as I owe more than the car is worth
Thank You I will not use my credit card to do this — I’ll just try and make more the the monthly payment to my card
To my car, lol

Joanne

Show Breeders Sell Better Pups asked:


I am 17 and I am looking to get my own car in a few months time, after I have some paychecks from work saved up. I make about $400 a week and I want to have a good chunk to put down on a car that is probably going to cost me between $9,000 and $13,000 (thats my price range, anyway)

my mom says that without credit, I’m either going to have an interest rate that’s ridiculously high, or they will refuse to do one without a co-signer all together.

Would it be wisest to have my parents apply for the auto loan themselves? (my mom has excellent credit), and then pay my parents the monthly payment?
Thanks in advance!

Chad

Cupcake asked:


I just pulled my yearly credit report and my score is 648. A year ago I think it was 540, so it’s jumped up quite a bit. I’m considering getting a newer used car (Mini Cooper or VW Bug) next spring once I have enough saved up for a small down payment.

I’m curious as to what kind of an interest rate I might be looking at and how much of a loan I could receive. Granted I’d rather get a new car, but getting a loan on a $19,000 car with mediocre credit probably isn’t the smartest bet. This will be my first car and I want something that’ll last me for a bit.

Carlos

Derrick W asked:


I want to buy a newer car next year, but my credit is not the best. I”m currently rebuilding my credit, and my credit score should be between 620-650 when it’s time for me to buy a car. I’m current on the auto loan i have now and i have been on time for a year. However i was late numerous times before then, due to a job loss. I also have a credit card through the same company thats financing my car and i have never been late with the credit card payments. Matter of fact i have a balance of zero on my credit card. I’m also a member of a credit union, i get my work checks directly deposited into my credit union account. My car will be paid off in 8/2008, but i plan on paying it off earlier when i get my income tax check in 01/2008. I like the current auto finance company i’m with now, because they gave me a fair rate, eventhough my credit was’nt the best. Should i try to get my next auto loan threw them, or should i try to get it threw my credit union?

Fred

Marcus K asked:


I am trying to buy a car for around $18,900. I have a trade in worth about 11-12 thousand that i own free and clear.. I have around a 540 credit score. This will mean i need a loan 7-8 thousand. Should I expect to be able to get financing for this? with over 50 %down??? what kind of rates and terms can I expect. Also, I am on pace to make around 65k this year. I went through a forclosure almost two years ago and some bad credit cards from that time as well. that is the reason for my low credit score. let me know what i can expect to hear from the dealer or if you have any advice. thanks

Adrian