Frequent Contributor
Posts: 473
Registered: ‎03-06-2007
Re: Need Serious Advice (honest advice too)

cardsgalfan wrote:
The car loan is showing as charged off.  I have very little credit card debt.  How should my income help up my scores?

I think  what he ment to say was with your income and very little debt you should be able to get a auto loan.  While a auto loan with on time payments will help your score it wont help as much as credit cards.  If you need a car, I would go to your local dealer and bring something that proves your income.  Tell them that you have a repo on your report but it was due to the ex.  They should be able to find a bank that will finance you.  Also pick a car like a honda or toyota that gets good trade in value and has very little to no mechanical problems