Hey all, this question is geared towards the NFCU and PenFed Experts
My fico score is around 610, I've never had a negative mark on my auto accounts going back to 2007 when I bought my first car.
I recently had high CC utilization but I have paid that down so that my total utilization is around 60%.Hopfeully my score jumps a little more after the banks report those payments.
What I am trying to do is trade out of a rapidly depreciating car and roll about half the negative equity (and down payment the other half).
The last two cars I bought were $37,000 and $24800. I still have the less expensive one, and will be trading the more expensive one.
What are the chances of getting approved via NFCU or PenFed? Has anyone done a "Second auto" through them?