Chances of getting another load with Ford Motor Credit

[Anonymous]

What are my chances of getting another auto-loan with Ford Credit if I have a few late payments 3 to be precise with them 2- 30day late and 1- 90 day. I lost my job in the beginning of the recession but was fortunate enough to find a new one and to pay my load on time. For the last year I have paid my account religiously on time and sometimes even over. Does anyone have any opinions on the likelihood of getting another loan, after i trade in my current vehicle which is financed through FMC.

Currently my scores are:

EQ: 646 EX: 638 TU: 629

Any advice or insight would be appreciated

[Creditaddict]

I would think they would probably approve you

[Anonymous]

questions:

1- are you at the end of your term?

2- are you thinking of trading out of you current purchase?

In all honesty FMC is very loyal to the people who use them, as long as you have re established a current history of payment I do not see a problem, although you may not get tier one.

And as always, it is better to call if you are going to be late before you are actually Late with your payment. FORD MC will allow you to defer a payment or two should you come up under hard times. That is only if you are current. the second you are late they will not.

[Anonymous]

I am in year 3 of a 5 year loan. I will more than likely add another 2.5k to my trade in.

[Anonymous]

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@Anonymous wrote:
I am in year 3 of a 5 year loan. I will more than likely add another 2.5k to my trade in.

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Time frame?  Are you trying to do something tomorrow.

If you go to the Ford Credit Website I think they do have where you can enter for a pre-approval.

personally I think you should hold off on anything until you get at least another year of on time payments.

[Anonymous]

I agree with you. If possible I will definitely do that. Just having some mechanical issues with the current one that are expensive to repair

[Anonymous]

1- Wow out of warranty already?

2- This is the perfect reason anyone should buy the extended

3- What kind of Ford?

In all reality you will face more negative equity on a trade then in fixing it, but you can take it to a dealership, have them appraise it and see what you can do

[Anonymous]

Actually still have warranty and extended but the shocks are not covered an after hitting one of the massive Chicago potholes we are notoriously know for the repair bill would come to about 1700. Insurance (Geico) would cover it but it'd be an accident on my record and raise my rates. The car perfectly drivable just has suspension issues.

[Anonymous]

consider claiming it on insurance and raising your deductable

[Red1Blue]

Most insruance companies have one or two accident forgiveness claims. Check with them and see if you are eligibile for it.