Auto Loans

[Siobhanmairead]

Experian 600

Credit Sesame 636

Credit Karma 583

I just checked my credit sesame account and it went down 4 points from 640. I found that two new collection accounts were added to my report today and I'm planning on getting a used car loan in the next few weeks. The collection accounts came out of nowhere, honestly. They are medical bills and I thought I had payment arrangement with all my creditor. My daughter has had a few surgeries since she was born and we're still paying off things like anesthesia and hospitals. 

Anyway, my income is 40k and I own my home outright. I have purchased 2 vehicles on my credit in the last 7 years, both paid off. One had perfect payment history, the other had a few lates. 

My creditors: Capital w/ $0 balance and limit of $200 (6 months old), Chase w $500 balance and limit of $26k (19 years old). I have no other credit on my report, just these two new baddies and one old one that will fall off in September.

Looking to get an auto loan of $18k-$20k. 

Could I receive a decent interest rate with the 2 very new baddies? 

Also, I didn't receive a dunning letter. Can I dispute the collection and have it removed while I'm apply for the auto loan?

Thank you!

[tooleman694]

I bet your Fico is very low..

I bet you can do it, but your rate will be very high.

[MovingForward_2012]

You need to find out what your fico scores are. Those are FAKO scores that you posted and are meaningless as 90% of lenders use fico.

[Siobhanmairead]

MyFICO score from score watch is 600.

[TrishN]

i dont think 2 CA bring your score down to 600s. you hve to have something on it.

1 : you can get finance with santander i guess 99 % but APR like 16 to 21% , with another lender..... i dont know

Why dont you list your complete your report, let see we can help you bring your score up a bit

[StartingOver10]

I do think that 2 collections can bring the score down to 600.

Especially if they are recent, within the last 2 yrs.

OP would be better off doing a PFD for the collections first, then going for a vehicle loan.

[Jutz]

---

StartingOver10 wrote:

I do think that 2 collections can bring the score down to 600.

Especially if they are recent, within the last 2 yrs.

OP would be better off doing a PFD for the collections first, then going for a vehicle loan.

---

Agreed.  OP mentioned that they just showed up.  Luckily medical collections are generally easy for PFD