Re: Excellent credit but unemployed
. Can I still get a car loan?
01-18-2013 06:22 AM
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 ?