04-27-2013 06:40 PM - edited 04-27-2013 06:43 PM
I have read on this forum for quite some time now. I am curious to see what your opinions are on me possibly getting a loan approval. I am thinking about a 35-40k truck. Here is my scenario:
I have had 5 auto loans. 3 are paid off and done, and I am currently financing two. In June of 2011 I hit a rough patch and had two 30 day late payments on the vehicles I currently own. Other than that, my auto history is flawless. I know that those are recent and I am wondering if it will have an impact on my approval. I will be trading in one of the vehicles.
I have a 675 Equifax, and haven't checked Transunion but they are usually 10 points within each other. I just paid off another card, which has a 1500 limit and it hasn't showed on my report yet. My cards total 7800 limit and I am about to be using 1000 of that limit after this next report. I am thinking my score will be right around 700 but could be 720 or so in about a week.
I pay 650 a month in rent and that's pretty much it besides utitlities. My combined income a month is around 5k.
Should I wait longer to see if I can get a deal or should I give it a shot? Thanks in advance for all of the help!
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