Regular Contributor
Posts: 177
Registered: ‎10-02-2012
Any Hope?

I have been reading some of the posts today, and am wondering what some of you might think. My wife and I are coming out of a rough patch...she lost her job in the banking industry 5 years ago and just recently got a new job. I have a long (19 year) employment history, but a score in the 600+/- range due to collections and charge offs that are all a few years old because of the loss of income after she lost her job. We now make $130k a year, and have a combined debt to income ratio of 19% or so, which is almost entirely mortgage debt. My last auto loan was 7 years ago. What are our chances of getting a somewhat decent rate on a $35k car with 10% down? It seems to me that we are in ok shape, but I really want to avoid a ton of hard hits to find out. Any help is greatly appreciated...thanks!