Auto loan acceptance chances?

Anonymous — Wed, 21 Jan 2009 19:36:56 GMT

Hi There,

I am going through short sale of my house and the credit score plummeted to upper 500 few months ago. And now by paying off most of my credit card debt I was able to rise it to

eqfx - 605

experian - 625

transuinion - 627

I am planning to apply for auto loan at a credit union. I had $5500 in debt and I payed off another $1500 last week. Hopefully the credit score goes up in few days .. Balance on my mortgage account shows zero thats the latest on my credit report (Still havent sold the house though).

What are my chances of getting approved for $10K with $3K down? What do you guys do in my situation.

Let me know.

Thanks.

Re: Auto loan acceptance chances?

ngerasimatos — Sat, 24 Jan 2009 00:30:03 GMT

I dont see any issues. You rae will be high though. Try and stick with something new with a large rebate.

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Auto loan acceptance chances?

Re: Auto loan acceptance chances?