Posts: 14,034
Registered: ‎04-15-2011
Re: Should I apply for an auto loan yet? NFCU

trumpet-205 wrote:

Etno wrote:

Would I have a shot applying with unpaid collections since they are older? I am negotiating with them to pay them off, but they are tough to negotiate with.

While you may get an auto loan, it is not going to be in favorable term (high interest rate and big down payment).


When you said your car needs to replaced, is it about to brake down? Or you simply want a newer car?

+1  Weigh your options, do you need or want?  What kind of interest am I getting?  I will say that a CU generally is more forgiving with the past.  YMMV  Good Luck!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!