I have a foreclosure that first appeared on my credit report 12/12, for only $19K, which was the result of a divorce. I applied for a 10K auto loan today through BOA, but was denied due to the foreclosure, though they did report that I have a credit score of 712. Is there a way for me to get an auto loan with a reasonable interest rate? I could only put down about $500. Thank you for any advice.
Not sure how the recent Foreclosure will effect different lender decisions, but maybe try a credit union? The more definitive banks could possibly give you a harder time. That's just my guess though.
Total CL: $321.7k
UTL: 2%
AAoA: 7.0yrs
Baddies: 0
Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping
