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Do I qualify for a new auto loan?

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Sheisaking
Contributor

Do I qualify for a new auto loan?

Hi! I have been working to repair my credit and have come really far! Need a new car by November so I'm starting my research. Here is my info. Do you think I will qualify?

 

 

Credit Score:720

AAoA:2 years

# of positive trade lines: 11

# of negative trade lines: 0

Income: 30k annual

Lenght of Employment: 3 years, 7 months

Previous Loan Experience: 1auto loan, paid in full, never late

Debt-to-Income (DTI):25%

Year of Car:2011

Miles:31,514

Purchase/Refinance:22k

Requested loan term (XX Months):60

Down payment amount:1k at most

Co-borrower/Co-Signer: No

Other: 


Starting Score: 400s
Current Score: Equifax: 676, TransUnion: 710, Experian: 721
Goal Score: 750 or higher


Take the myFICO Fitness Challenge
Message 1 of 4
3 REPLIES 3
SamsungHDTV
Established Contributor

Re: Do I qualify for a new auto loan?

You should have no problem getting approved. You have a 720 score, previous auto loan, DTI is fine.

Message 2 of 4
Sheisaking
Contributor

Re: Do I qualify for a new auto loan?

Thank you!


Starting Score: 400s
Current Score: Equifax: 676, TransUnion: 710, Experian: 721
Goal Score: 750 or higher


Take the myFICO Fitness Challenge
Message 3 of 4
Forte747
Regular Contributor

Re: Do I qualify for a new auto loan?

Approved!!

EQ: 661, EXP: 667, TU: 682, FICO®
GOAL: 800s
IN MY WALLET: AMEX PRG: NPSL | NAVY goRewards VISA: $7K | NAVY CashRewards: $3K | Navchek: $15K | Cap1QuicksilverOne: $2K | Cap1 QuickSilverOne: $2K | Cap1 Spark Business: $1K | Discover IT: $1.4K | Harley Visa: $1.5K | Lowes: $3.9K | FingerHut: $3.5K | NASA Rewards Visa: $2K | Amazon: $1.4K | Barclay Apple Visa: $1.2 | Barclay Rewards: $1.5K | GM WM Elite: $1000 | Walmart SC: $4K | | Kohls: $300 |
Message 4 of 4
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