Reply
Member
Posts: 19
Registered: ‎04-03-2012
0

Auto loan with 604 fico...

Hi to all,this is a great forum and I want to thank everyone for their inputs,now before I get another hard inquiry I decided to ask the gurus of credit here,Im in need to upgrade my car,it's old,I have 604 fico score,"relatively" stable job for the last 6 years, I would like to buy a new car from the dealership for 23,500,put my wife as a cosigner cause she have 759 fico,so,what are chances of getting this loan? Interest rate estimate? Thanks in advance
Frequent Contributor
Posts: 315
Registered: ‎05-28-2011
0

Re: Auto loan with 604 fico...


antifeik wrote:
Hi to all,this is a great forum and I want to thank everyone for their inputs,now before I get another hard inquiry I decided to ask the gurus of credit here,Im in need to upgrade my car,it's old,I have 604 fico score,"relatively" stable job for the last 6 years, I would like to buy a new car from the dealership for 23,500,put my wife as a cosigner cause she have 759 fico,so,what are chances of getting this loan? Interest rate estimate? Thanks in advance


Can you shed some more light on other contributing factors like down payment, current CR baddies (if any), past auto-loan history, income.etc That will help to give respond with a more refined input 

TU Auto enhanced FICO (9/2012): 744
EX FICO (8/2012): 748
EX FICO (6/2010): 739
Member
Posts: 19
Registered: ‎04-03-2012
0

Re: Auto loan with 604 fico...

Ah heck! i have several baddies from 06 and 07, : ( stuff happens, you know, i have 3 credit cards in good standing with 5% utili,i'm about to pay off a car loan after 6 looong years,pheww! 

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.