Hi all, looking to finance a vehicle around next March. I already have checking account with DCU. I understand they pull Equifax. My current Equifax EQ04 score is 634. I have student loans reporting a few lates that have been consolidated to one loan. This loan totals 18k and has been paid on time for the past 6 months.
I have two capital one cards, one secured and one unsecured for $250 and $300 that carry a zero balance. I have a home depot card for $1100 that carries a $368 balance that I will pay down to under 10% utilization. In summary, I have 4 positive lines of credit.
Now for the baddies. I have a repo that occurred last October from a car loan that I thought was paid off. I sent the perceived final payment but apparently I had a floating sixty (payments got mixed up, long story). Car was repoed and I immediately paid the balance and redeemed it. I also have a medical bill for $350 that I'm battling as I have no clue how it's mine. I've disputed three times and it keeps coming back verified. I'll just bite the bullet and do a pay for delete on that one. Also I have a $2800 judgment for property taxes that I just finished up paying. Gonna try to get that vacated but I doubt it'll happen. It's not showing as a lien or unpaid taxes, just a judgment.
My income is 70k, house is paid off so my DTI is really low. Been in my trade for over ten years. I'm looking to purchase a 30k truck and will put down at least 10k so I'm wanting to finance around 18-20k. With my gardening until next March and eliminating that medical bill I'm assuming I'll be at least in the 660 range. Do you guys think I'll qualify for a loan with DCU even with that repo on my credit report? Any advice on what I can do from now until then to further boost my score?
