03-18-2013 11:07 PM - edited 03-18-2013 11:08 PM
I plan on applying for a car loan by the end of the week.. My scores are listed in my sig
I will be applying with both of my credit unions.. I have 2 years worth of credit history..2 capital one cards both under 30% Utl
I also plan on applying for the capital one blank check..I will also check and see what rates the dealer can come up with..
Im only asking for 16k on my card loan.. I have been on my job for almost 3 years now with an income of 45k annually
03-19-2013 12:11 PM
That's the myth, however I've been whacked with multiple hard pulls before, so YMMV.
As for your approval chances, I'd say you're 100%. Go to a larger dealer if possible (they often have lower standards because of their sales volume). Will you be putting money down? That can seriously affect your rate. I was approved for a horrific rate with $0 down, but much lower with only $1250 down - and my scores are WELL below yours. Let us know how it goes! GL.
03-20-2013 10:11 AM - edited 03-20-2013 10:12 AM
Went to my credit union today.. since I have only 2 years of credit history they would have to have the admin office look it over..
my debt to income ratio is good.. Mt Transunion credit score pulled was 721..The loan officer said she didn't see any reason why I wouldn't be approved.. Gave me a 5.5 interest rate..Waiting on the call to see what happens.. Wish me luck!
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