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Hi,
I was a consigner on a auto loan where the primary borrower wasn't able to afford it any longer and turned the vehicle in about 6 months ago. Still has a balance of about $5,200. I currently have one vehicle (current) and looking to finance another.
My credit score is 620, 615, and 626. I am looking to purchase a vehicle for about $18,000 and put about $4,000 down. is there a possibility that I will be approved? Not too worried about the interest rate due to me getting it refinanced in the near future.
Additional info: Been at my job for 2 1/2 years and make about 3600 gross monthly.
Thanks
Cosigning for that loan and it being repoed is gonna hurt quite a bit. Has the person tried to rectify this account?