Reply
New Member
emart
Posts: 3
Registered: ‎09-11-2007
0

Car Loan with fico score: 588?

Is there any way to get a Car Loan with a 588 score; and no co-signer? I don't really care about the interst; is going to be my first car; trying to look around 10k. Any ideas who I can turn into?
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
0

Re: Car Loan with fico score: 588?

Yes with proof of income. Interest can be between 12% to 17%.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Contributor
Badcreditguy
Posts: 623
Registered: ‎08-14-2007
0

Re: Car Loan with fico score: 588?

Try a local credit union
Contributor
joinme
Posts: 76
Registered: ‎04-27-2007
0

Re: Car Loan with fico score: 588?

Yes My scores are lower 532 567 564 the Kia dealership got me financed with Drive Financial, like yourself at the time I didnt care about the intrest because I would have lost my job without transportation, my old car died on the weekend, and thats when I went to the dealership, Now I am looking to refinance-ANS
Frequent Contributor
dallasjetfan
Posts: 496
Registered: ‎03-06-2007
0

Re: Car Loan with fico score: 588?

Yup! I got one with Capital One @13.75% interest 1 month after my BK was discharged and had 495 FICO.
Barclays US Air $15K| TTCU $13K| Chase Slate $10K| Citi Simplicity $10K| Discover IT $6K
Established Contributor
mymy
Posts: 510
Registered: ‎04-20-2007
0

Re: Car Loan with fico score: 588?

i financed through Cap 1 auto...August 2006, my credit score was 530's. 18.9% refinanced last week (sept 07)  my credit score 610"s 14%.
 
 
Senior Contributor
imducky
Posts: 3,432
Registered: ‎08-27-2007
0

Re: Car Loan with fico score: 588?



mymy wrote:
i financed through Cap 1 auto...August 2006, my credit score was 530's. 18.9% refinanced last week (sept 07)  my credit score 610"s 14%.
 
 


did you refi through citi again and get a lower rate, or did you have to shop it around?
Established Contributor
mymy
Posts: 510
Registered: ‎04-20-2007
0

Re: Car Loan with fico score: 588?

i re fi through HSBC an offer i got in the mail
Senior Contributor
imducky
Posts: 3,432
Registered: ‎08-27-2007
0

Re: Car Loan with fico score: 588?



mymy wrote:
i re fi through HSBC an offer i got in the mail


thanks. we have a car through citiauto and was wondering how easy they were when asking/qualifying for a lower rate.
Established Contributor
CreditDrama85
Posts: 1,044
Registered: ‎07-03-2007
0

Re: Car Loan with fico score: 588?

for those that used cap 1, did they require any additional info? paystubs? stuff like that? how long did it take to get approved?
 
i may try them.

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}