Repo « auto loan rates

September 20, 2010

I have a Auto loan which they charged me 21.50% interest rate I guess due to my credit. Is that too high?

Filed under: Credit — Tags: Auto Loan, Car Payment, Car Payments, Christian Man, Ford, Ford Explorer, God Will Take Care, Guess, Insurance, Interest Rate, Monthly Payments, Refinance, Repo — @ 5:11 am

gtis127 asked:

I recently had my car repossessed due to non-payment bcause I was very sick. I am trying to refinance to get another vehicle and possibly lower monthly payments. I currently paid $498 a month in car payments. I pay over $700 a month between that and my insurance. I need help.
I have a 2005 Ford Explorer.
I never had a repo prior to this. I am just looking to refinance to get lower payments some where else. I just need a break here. Right now they need $3000 in order for me to get my vehicle back. I am a christian man and I believe GOD will take care of it.

Roberto

Comments (13)

July 11, 2010

With my current history, will an auto loan score me a decent used car?

Filed under: Buying & Selling — Tags: Auto Loan, Ball Park, Ball Park Figure, Car Mall, Credit Report, Interest Rate, Job, Repo, Score — @ 3:29 pm

justellemJimsaidhello asked:

I am 26 years old, have a very poor score (which has increased btw), from 430 to 507 in a matter of just a few months. I had a repo in November 2005, but it is paid off since and listed on my credit report as a charge-off but also as “paid”, (which I did). I do not see it as repo on the report and is now currently marked in a green box for the latest month as “OK”. I earn 35,000 gross annual and have been at my job since Sept. 06 now. I would like to put down 1,000 dollars on a certified used vehicle for somewhere under 9,000 or 10 at the most. However, the only way I can do it is with an auto loan. If I apply for one at the car mall and receive it, will this cover everything? What would my interest rate be? (Ball park figure). Thank you.

Melvin

Comments (3)

January 30, 2010

private party auto loan can anyone approve me? ?

Filed under: Credit — Tags: Auto Loan, Chargeoff, Credit Cards, Credit Scores, Interest Rate, Judgement, Private Loan, Private Party, Repo, State Prison, Wife Work — @ 7:52 am

tjblue18 asked:

I have credit scores of 617,625,689 I just purchased a home and im now try to get to my next step in life we have only had 1 car for the last 5yrs i have 2 kids that are growing we need a bigger vehicle and me and my wife work in different towns on different shifts.i am trying to by a truck from my friend for 8500.00 .i have a chargeoff that should be a repo on my record from 2002 for 11000 it was a lemon had to replace the engine 3 times in 3 yrs! my wife has a judgement for about the same issue but for 5000 we applied at wellsfargo together and got denied we know we will end up paying a big interest rate but that fine thats why were goin w/ a good used vehicle.we dont have credit cards my only debt is the military for 11000.we dont have very much rotating debt.i ve worked for the state prison for 2 1/2 yrs. should i maybe apply alone? any suggestions please!

Julie

Comments (2)

October 22, 2009

How long should I have good pay history on a auto loan to try to refinance?

Filed under: Credit — Tags: 13 Years, Auto Loan, Auto Refinance, Bankrupcy, Better Chance, Bluebook, Credit History, Credit Score, Interest Rate, Loan Refinance, Mth, Refinance Rate, Repo — @ 7:57 am

missjuly15 asked:

I have had bankrupcy and repo in the past 5 years. My credit score now is 620 and they have me at a 15% interest rate. I had to have a car. My old one had over 200,000 miles, was 13 years old and was in need of major repair very soon. My payments right now are doable, but eventually I would like to refinance for a lower rate. My credit history since all those issues has been fine. How long should I wait to refinace? I have heard everything from 6mth to 2 yrs. Also when I do, do I have a better chance of going through the same company? AND…..should I try to pay a little more every mth now to pay off some of the interest or how does that work? I got the car for about $3000 less than bluebook price, so I got a really good deal.

Tyler

Comments (4)