I have seen a lot of questions on here about roadloans, and when I get ready to buy a car, around October sometime, I want to have my own finanacing when I get ready to go into the dealership. I already know what type of car I want, but the model has been discontinued. They stopped making the car in 06", it is a Lincoln LS. The price ranges of these cars from 03"-06" models are 13,000-20,000. I am looking to spend no more 17-18,000 after taxes on either an 03-05 model that has less than 45,000 miles on it.I have some baddies on my report but will be working diligently for the next few months to remove them. I am getting married in July, and since I am paying for everything in cash, more than 15,000.00, after everything is over I figure By October I will be able to have atleast all of my collections pfded which will hopefully boost my scores a whole lot. Also the util% on 4 credit cards will be @ 0%. The baddies on my report are as follows, BoA CO 0 bal, Cap1 CO 0 bal, Paid CO JC Penny, Verizon Wireless CO 1262.00 bal, Applied Bank Visa CO bal 1047, HSBC CO 0 bal, 3 Medical collections that equal 600.00 and another collection for 152.00.
My question is, What does roadloans look at, what factors do they take into consideration when they are making a decision for a loan? This will be my first time buying, are they harsh on 1st time buyers? My credit (Fico) scores are as follows TU-561, EX-546, EQ-551. I have checked the web-site whoegavemecredit.com, but it seems so vague. Anyone that has had experience with Roadloans, or anyone that has any ideas, please advise. I am trying to see if I will qualify for a loan from them around October. Also what do you think my chances are with the my current scores?
Thanks in advance for any answers!!!!!!!!!
