Credit Score: Equifax only 612
Income: $30,000
Length of Employment: 7 months. I just recently moved states.
Previous Loan Experience: No previous auto loans (or any loans for that matter). Recent baddies include on 90-day late in Dec 2012 for a credit card. Two 30 days and one 60 day late before then for that same card. Two 30 day lates and one 60 day lates for a second card. Good history since then, paid everything down to zero.
Debt-to-Income (DTI): Minimal debt (less than $100 on my credit cards)
Year of Car: ~2007
Miles: ~80 or 90,000, no more than 100,000 as most auto loans require.
Purchase/Refinance: Purchase
Requested loan term (XX Months): 48 months
Down payment amount: $2,700, at least
Co-borrower/Co-Signer: Nope
Other: I am looking for a 2007 Mazda3, approximately $7500 to qualify for an auto loan. I am also looking for an auto loan that'll accept payments toward the principal. I want to borrow the least amount possible to qualify for a used auto loan, however, I have more money for a down payment than a bank/cu will accept in these conditions, I'm guessing.
Looking over this makes me feel pretty hopeless. I hope I have options.
