Frequent Contributor
Posts: 276
Registered: ‎06-01-2009

Auto Loan Help

Hi guys,


I recently pulled a credit score of 611 and I'm looking to purchase a car. Don't want to spending big dollars. Probably no more than $15k. Current car is about to die so I'm most likely looking to purchase the car early next year and use a large bonus for a down payment of about 10-15%. Baddies on my report are late payment for 3 separate accounts, but all are now current. Any recommendations on how I should go about looking for financing and if I would even qualify anywhere? 



New Contributor
Posts: 64
Registered: ‎05-16-2011

Re: Auto Loan Help

I was approved with a 610 in February 2011 through Americredit (now GM Financial, i think?) for a $14k loan and the interest rate was something ridiculous like 14.5%. But I took it, paid it diligently for 6 months, and then refinanced through my credit union to 2.99. I was doing alot of credit repair at the time as well. HTH

Starting Score: April 2011: EQ 606 TU 585 EX FAKO 574
Current Score: Dec 2012: EQ 738 TU 740
Goal Score: 800

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Frequent Contributor
Posts: 276
Registered: ‎06-01-2009

Re: Auto Loan Help

Thanks, was that through the dealership or did you go directly to the website or brick and mortar?

Valued Contributor
Posts: 2,257
Registered: ‎08-25-2011

Re: Auto Loan Help

You gotta go to the dealership.

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