04-12-2013 07:52 PM
I have had 2 VW leases, one with no missed payments with the lease ending in 2008, and the other 10 missed payments, 30 days late, from 3 years ago, due to a cancer diagnosis....Student loan with $825 left on it, credit card with zero balance, but do have a collection from 2009, which i paid off......Need to get a car, thinking of getting a Toyota, or Kia.....Will I have an issue with the late payments or medical collections, with a 693 FICO score?
04-15-2013 11:31 PM
If you go for Toyota through their financing program, they are going to pull your EQ report and your AA FICO score. With a score of 693 and the negative TLs you are going to get approved but probably not for the best rate they have to offer.
04-16-2013 09:15 AM
I would think it depends on your Auto Enhanced FICO but with the right dealer you could get the 0% with Toyota. Finance would have to be aggressive, probably a high volume dealer.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO