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Best Used auto loan for high Utilization of Credit

New Visitor

Best Used auto loan for high Utilization of Credit

Looking to buy a 2006 car with low milage & low LTV. My only credit problem seems to be I have a high utilization of credit right now (58%). I only have another 2 wks to buy the car, was looking to get a loan from a credit union. my plus scores are:

 

EX-707

EQ-697

TU-677

 

No bad history whatsover other than that 58% utilization of credit.

 

I have a mortgage, 3 credit cards & student loans but my DTI ratio is still less than 20%. The car is $12k & income $8000/mo.

 

Any ideas of a good CU to try?

 

 

 

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Moderator

Re: Best Used auto loan for high Utilization of Credit

Any local or personally I recommend DCU for auto loans right now, but most will be fine for you. They may want something on a down payment but 58% isn't OMG bad, your scores are probably fine with those PLUS ones (no guaruntees) and the rest looks more than acceptable assuming you income is provable if they ask.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Valued Contributor

Re: Best Used auto loan for high Utilization of Credit

You are a shoe in anywhere...easy approval.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
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