Established Contributor
TrishN
Posts: 505
Registered: ‎11-05-2012
Re: Why the VERY low auto loan amount?

utilization is at 85 % you need to bring them down to see your score increase and get better rate and better Loan amount.

pay down to 30 % is good. when your used 85% of your total credit limit that is make you become high risk to lender. 

base on your income alone 5k7 for month

How much you total credit limit?

how much did you used?

do you have another open auto loan?

do you have open mortgage?

any another bill?

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013