Re: Auto loan advice from an Underwrite
10-21-2012 08:54 PM
Thank you so much for your advice. Here is my situation:
I will be discharged from C7 bk any day now. I decided not to reaffirm my car and will be getting a new one. The scores in my siggy are with me added as an AU on my fiance's Capital One card with 3k limit/$68 balance. Prior to that addition, my score was about 590-599.
So, I included the one car in bk, no lates being reported on my Experian report. I have a paid auto loan in 2007 for Capital One. My income is about 56k per year and I do pay about 825 a month in rent.
What can I expect when I go buy, as far as interest rates, approval, down payment, etc? Which bank is my best bet? Any other advice? Thanks!
Oh.. will my fiance co-signing help? He had a bk discharged in Oct 2011. He has a car loan reporting for the past 6 months with Chase and he has the Cap1 card. Thank you!
10/12 EX: 599 EQ: 599 TU: 599
BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500
GOAL #1: 660