Hurricane Sandy - Need a new car[ Edited ]
11-24-2012 08:57 PM - edited 11-24-2012 08:59 PM
So long story short, I lost my car (and pretty much everything else) in the recent hurricane. It was a 2010 Kia Forte Koup and I still had a loan out on it for ~13k. Luckily, I had equity in the car and the insurance company paid the loan off and left me with ~$3,500 for my next down payment. I needed to return my rental last Friday so I've been without a car and relying on others to get to work, not really doing anything else (socially), trying to get everything back together, etc etc.
Anyway, now I'm nervous about going through this entire process again. Recently, I've been irresponsible with applications for credit cards and got a little crazy (I know, shame shame). My history (3+ years ago) isn't too good (a few lates and one discharge - all settled over almost 2 years ago - dumb college mistakes). My utilization is currently about 40% of all available credit (will go down to about 30% this week - total credit of about $11,500 with $4,500 owed - I know this is high but one of them ($2,000) is 0% interest).
My question is, do I need to wait until my auto loan is shown as PIF on my credit report? My old loan was through Wells Fargo FYI and it was my first auto loan (by myself!).
Here's some info:
Credit scores: (from July 2012)
I'm nervous to check them again because I don't think they would have really changed since then and myfico is so expensive!
Annual income: $52,000
Any advice/help is appreciated. I am really overwhelmed with everything.
Edit - I'm looking at the Dodge Dart Limited for $25,000 (hopefully I can get the dealer down to $22,500)