Re: Chances of approval?
09-30-2012 05:12 AM
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!
The CU refi is going your best option once you find a lender that will get you in the door. Or if you have a CU already i'd go and see if they can approve you first.
EQ FICO 548 3/3/16