New car

[Anonymous]

I m looking to purchase a new car and want a good interest rate. I have only two accounts negative on my credit report and they should be off this month they are reporting on eq and tu. So my question is all my scores should be over 600. I have paid one car off already will I be able to get a loan.

[pizzadude]

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@Anonymous wrote:
I m looking to purchase a new car and want a good interest rate. I have only two accounts negative on my credit report and they should be off this month they are reporting on eq and tu. So my question is all my scores should be over 600. I have paid one car off already will I be able to get a loan.

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It depends on a number of factors - obviously your score is important, and having those negative accounts gone should help.

How much are you looking to borrow and how much will you put down ?  What is your approx income and your monthly obligations ( mortgage, rent, debts....etc.. )

If you have a previous paid auto loan in good standing that should help.

[Anonymous]

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@pizzadude wrote:

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@Anonymous wrote:
I m looking to purchase a new car and want a good interest rate. I have only two accounts negative on my credit report and they should be off this month they are reporting on eq and tu. So my question is all my scores should be over 600. I have paid one car off already will I be able to get a loan.

---

It depends on a number of factors - obviously your score is important, and having those negative accounts gone should help.

How much are you looking to borrow and how much will you put down ?  What is your approx income and your monthly obligations ( mortgage, rent, debts....etc.. )

If you have a previous paid auto loan in good standing that should help.

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+1.