Auto Loan with a paid/released tax lien on my reports

[ficonovice]

I'm in the market for a new/used car. My scores are borderline weak ranging from 635 to 675.

I have a 2 year old federal tax lien listed, but it's paid and the status is released. No other negatives

but I have a high utilization %.

Will a loan still be fairly easy to get albeit with a high interest rate?

Thanks,

[MarineVietVet]

---

@ficonovice wrote:

I'm in the market for a new/used car. My scores are borderline weak ranging from 635 to 675.

I have a 2 year old federal tax lien listed, but it's paid and the status is released. No other negatives

but I have a high utilization %.

Will a loan still be fairly easy to get albeit with a high interest rate?

Thanks,

---

What do you consider high utilization?

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[ficonovice]

Through the roof, obscene, hideous, maxed out...it's around 95% (and balances/limits are high).

Monthly cc minimum due = $2,500 but I do pay a little more than the minimums each month.

Gross monthly pay = $8,000, Mortgage = $2,700

Never been late on anything though. Perfect car payment history for several cars including

my current one which has 15 months remaining to be paid off.

Thanks,

[MarineVietVet]

It's just my opinion but if you can wait awhile on a car work on getting that utilization down. I think that having CC payments over one fourth your gross salary might make lenders nervous. But go in and just talk to a lender. They know what they require for credit and can give you a clearer picture where you stand.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work