Do I have a chance?

[ccoke04]

-Credit Score (FICO): 572

-Price of vehicle: $28.5k

-Downpayment: Approx. $4-5k

-Annual Income: $48k

-No other bills/expenses, although $25k in deferred student loans

-Member of a credit union.

Any input would be greatly appreciated. Thanks in advance

[creditnocash]

do you have any other cards that are effecting util. 

with a 572 its kind of rough. 

what cu are you a part of? 

ask them if you put down 4-5k what rate they would offer you? 

[ccoke04]

Thanks for the reply.

I'm with Coastal Federal Credit Union here in North Carolina. I also have a secured credit card with them that I've had for 5 months. Should I bring a copy of my credit report with me to a branch and have them look it over before I apply?

[Shogun]

Have you tried to clean up your credit?  A few points in your score could help a lot.

[ccoke04]

I have, I paid off three collection accounts in June although they all turned down my GW letters. Are there any lenders that would approve me other than Santander? I wouldn't particulary mind a higher apr as I would eventually refinance. 

[Shogun]

I would try your CU first.  They seem to be more lenient.

[Anonymous]

I would just go with Santander, thats probably your only shot.

[sccredit]

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@Anonymous wrote:

I would just go with Santander, thats probably your only shot.

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Santander is a last resort, not a first try.

There was a time I had scores in the mid to high 500's and had a loan from Wells Fargo Dealer Services at 10% and Ally at 10%.  Only go to Santander if you absolutely have to.