Member
havecollectionsaccounts
Posts: 8
Registered: ‎03-10-2011
Re: Chances of approval?

I would try to go through a credit union. My score was 606 and I was able to get into a brand new Toyota Corolla with $1400 down at 12.45%. The dealership submitted my info to several banks and finally financed me through Capital One. I was able to refi 1.5 yrs later at 4.99% w/ credit score of 636. I've heard that credit unions are generally more lenient. Many banks will request that you pay off any collections accounts prior to financing. Good luck!

09/2012
TU- 638 (Lender Pull)
EXP- 644 (MyFico)
EQ- 678 (Lender Pull)