Okay so here is my situation. I recently applied through my credit union for an auto loan. The loan was for a 2005 Honda Civic ex with 80k miles. It was being sold through a private seller who was asking right at NADA (7k) . My credit score was 657 through experian but I got denied because old collections that have been paid off were still on there. I disputed and have proof of payment for both and they are now off. I told my credit union I can put 3k down but they also said they denied me because I had no auto loan history. Per credit karma my TU is 654 and EQ is 665 with zero collections. My debt to income is 7% and for the price range I'm looking at I can put anywhere from 20-40% down approx. does anyone have recommendations as to what I should do to get approved? Most people I know have been saying to try a dealership instead of going through my credit union.
