Another --- What are my chances? :)

[anewme35]

Credit Score: ExP - 672 , Equifax: 676, TU: Don't Know as reported by MyFICO

Credit History: 17 years

AAoA: 8 Years

Income: $100k/Annual

Length of Employment: 16 years

Previous Loan Experience: I do have a car loan paid in full satisfactorily 4/2008

Debt-to-Income (DTI): 5%

Year of Car: 2014

Miles: 0

Purchase/Refinance: Purchase $55,000

Requested loan term (XX Months): 60 or 72 months

Down payment amount: $8,000

Co-borrower/Co-Signer: None

Here's the skinny.  My count of baddies = 6.  

4 are medical collections from 2010.  Stupid, no excuse, paid in full buy only after they went to collections.  2 of the 4 are less than $100.  I know really stupid.   Live and learn.  the 3rd one is $142.  All these are the same creditor Alpine Credit.  I've written Good Will letters and no delete from them.  The 4th one is for $242 and only showing on Experian, no on Equifax.  I'll need to look into this one.  The timeframe is the same 2010 but I do not recall having this baddie.  Need to research.

The remaining 2 baddies come from the Short Sale on my previous home.  The short sale was settled in May of 2011.  It is reporting as expected.  Paid for less than owed.  I also have a 2nd HELOC against the home and that too defaulted.   Oddly enough I am still paying on that monthly. 

Outside of those mistakes, mishaps, I have really solid credit with over 29 accounts only carrying a balance on 4 of them but currently paying those down as well. 

My car that I own, is paid off and has been since 2008.  I want to go in and put down some $$ finance an Audi and I want a low interest rate. 

Any ideas on whether I can expect to be approved?  And if so at what interest rate? I have the ability to join NFCU to try to acquire a loan.  I am currently a member of bellco CU. 

I could pull in my husband as a co-signer but we'd rather not as he currently carrying our home mortgage independently and I don't want to pile more debt on his debt:income ratio.

What are your thoughts?

[sccredit]

I think you'd be OK

[HoldingOntoHope]

If you have an in with NFCU I would definitely join them and apply for the auto loan through them first. I think you have an excellent chance for approval with them. Maybe even with no down payment. Then see if the dealer can beat the rate you are offered.

[anewme35]

Thanks all, I'll give it a shot and post back on results.  I'm still a couple of weeks out.  I'just paid towards one of my CC's putting that card under 30% debt to credit limit and I want to see how/if that will get my score any highter.  Im not too optimistic, but I don't want to start serious inquires without being in the best possible shape I can be credit wise.