01-29-2013 10:14 AM
Here is my Update:
My utilization down to 35% from 98% .. score is 613 Experian by roadloan
got loan from capitalone (19%) and roadloan (11% with 4K down) [ car i am looking to buy cost me around 20K have downpayment around 7K ]
planning to go to dealer and ask them if they can give me better rate.... either way i will refinance after 6-8 months
guys... give me some advice what might be my best course to take .. I need to buy car within 10 days ..thanks
11% isn't a terrible APR in your situation at all. I think you already have your plan right there, that's exactly what I did actually and anecdotally it's worked for a lot of folks.
01-31-2013 12:21 PM
02-11-2013 10:12 AM
I finally bought a car and got interest rate 9% dealer beat roadloans rate of 11% ( credit score : 610 transunion dealer pulled)
I am still planning to refinance after 6 months.
thanks everyone for your valuable input.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO