Regular Contributor
Topshelf
Posts: 148
Registered: ‎02-04-2008
Re: Auto Credit and Scoring
6 years ago I had a repo.  When I went to purchase another car several years later, I had to have my Mother's name put on the loan as well.  Paid it off, never late.  Two years ago asked for a no down payment loan on another car.  The auto dealer thought I was nuts and said they seldom go through.  So I offered $1000 down on a $13,000 loan for a used car.  Bank came back and and gave me the no down payment loan at 7.5% interest.  I was a very happy camper as the repo is still showing up on my credit report.
I finally made the 700 club, now 800 club, watch out - Here I come!