Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
Re: Excellent credit but unemployed. Can I still get a car loan?

user1 wrote:

My credit score is over 800 but I am currently unemployed. Will I still be able to get an auto loan? Assuming I can, will my application negatively affect my credit score if I apply and report that I am unemployed?

Welcome to the forums !


I think that it will depend on what your "other" sources of income are right now.   If you don't have a job, what other sources of money, or assets can you demonstrate which would allow you to pay the note ?


How long have you been unemployed ?   Do you expect that you'll be able to obtain employment relatively soon ?




March2010 FICO® ~ 695 TU, 653 EQ, 697 EX