Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
Re: Chances of approval?

pinned388 wrote:

Okay, Im sure this topic has been overposted but I'd like to ask your thoughts anyway...

 

My scores are around 615 with all 3 bureaus and Im looking to get a used car loan for a 2012 F150 Crew (around $22k-$26k) since there are some good deals right now. 

 

Baddies:

2 medical bills for $1000 total in collections from 2009

1 time warner account in collections for $690 from 2010

1 charged off bank account for $50 from 2008

 

5 recent inquiries

 

Good:

1 HSBC unsecured card $300CL/$40BAL 6 months old

 

Started with a 505 score 4 months ago, so I feel like Im doing pretty darn good so far...

 

With the info above, what are my chances of getting approved? Im trying not to put a ton of money down and also Im wanting to use a creditor that WONT pull equifax since thats my worst credit file. I dont care about the intrest rate too much since I plan of refinancing in a few months as my credit continues to improve.

 

Thanks so much!


You may get approved but that will come witha big down payment and possibly a high interest rate. Avoid Santander at all costs!!!

 

Are these collections paid??

 

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014