ok people. I need help.
I NEED a car loan but I have outstanding collections...and no score.
I am in the worst possible situation. My car completely went and I can't really afford to fix it. I am trying to work on my credit, just recently got a secured card and am working on paying off 10 remaining collections. (all small - total of about $4k)
So I wasn't planning on applying for a car loan right now, but I figure IF i can get one it will only help my credit.
Problem is I stopped using credit about 5 years ago and was advised that I have NO SCORE. (the secured card is only one month old, don't think it's reporting yet)
DOES ANYONE KNOW OF A BANK THAT WOULD GIVE A CAR LOAN WITH THE NO SCORE/COLLECTION COMBO I HAVE GOING ON?
Thanks, I appreciate it! I'm in a crunch as I have a rental car and just really need to figure something out.