Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
Re: Auto Credit and Scoring


breakingthecode wrote:

breakingthecode wrote:
What, if anything, can I do to lesson this?  Do I need to wait so many years or just take on loans at these higher APR's (the dealership said they would do it for a jaw dropping 18%) for smaller loan amounts?



Aside from trying to dispute any inaccuracies, you just have to wait it out. When did the account first go delinquent?

I can't recall exactly, but it was around November of '01, right after 9-11 and I was unemployeed...my finances to a quick and huge dive.  I think the charge off was done by about April of '02, but I'd need to pull my files for exact dates.  Is there a certain period of time that I'll need to wait or is that as mysterous as the "Auto Fico" scores?

There is not magical time to wait. I would shop around for the best rate.