06-16-2012 07:43 PM
I need a little advice on getting an auto loan. My current car is a champ 1989 Toyota Celica with over 200K miles. It been a great little car but it is on it's last leg and really wants to be retired. My problem is that I have little credit. My info is as follows.
TU Fico: 669
EQ Fico: 665
Report is blank besides a low limit ($500) partially secured credit card (6 months old with no late payments) and two old tax liens (2007, 2009). The card is zero balance now but my report shows it as 50%.
I was approved by Roadloans for 15K @ 22%. This seems completely crazy to me with my Fico being where it is. Is this what I am to expect with having minimal credit and the tax liens or should I keep looking? Any thoughts would be greatly appreciated!
06-16-2012 07:53 PM
06-16-2012 08:10 PM
Yeah that is exactly the case. The secured credit card is the only thing on my report. No other loans ect. Only that and the tax liens. I was attempting to get a real (non secured) credit card thinking it would help build up my report but I kept getting declined. I tired BofA and Chase. I will do some research and find some CUs around me, I am in Los Angeles. I am guessing there are many! Thank you for the advice.
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