Re: Bad credit options[ Edited ]
09-19-2012 11:03 PM - edited 09-19-2012 11:07 PM
Try a credit union. We had a 495 in January (eewww) and financed 26k..but at 11%. Hello refinancing! Credit unions can be a lot more lenient.
hah, I would've given quite a lot for an 11% approval and my score was at a 551 when I bought a car. That CU did you right JP
To the OP: dealer financing, a CU, or perhaps something like Lendingtree that picks up a few lenders would be my recommendation. Since you recently started the process, additional auto inquiries won't count against you if done within a month for FICO '04 and it's even longer for the '08 version. Since you have decided to buy a car, keep shopping for a loan is my recommendation.
Welcome to the forums as well! Also as a final point, as JP suggests you can refinance later: you don't have to live with the heinous interest rate forever.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 670, Wally TU 700, EX 718 (11/29/13, EX 07/11/13)
Goal Score: 680 in all three (01/01/14)
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