cancel
Showing results for 
Search instead for 
Did you mean: 

First time loan question

tag
Anonymous
Not applicable

First time loan question

I'm trying to apply for a 20k loan to purchase a 2014 honda cr-z(brand new). I plan on applying for a loan at a local cu but before I go i'd like to know if i even stand a chance. 

 

Credit score: 723 (accoring to karma) 

Previous loans: none

CC : 2 of them, 1450 limit(5yrs old) and 1000 limit(2 months old). I pay both off each month

 

Age: 24

Income: 2000 a month after taxes

Bills: none 

Current Employment: 3 years 

Current Address: 3 years

 

I could make a small down payment.. around 500 and I don't plan on using a co-signer. 

 

Let me know if there's anything important I might've left out. 

 

 

Message 1 of 2
1 REPLY 1
Creditaddict
Legendary Contributor

Re: First time loan question

recent college grad by chance? honda has a program for that.

not sure how they are with first time buyers.... be sure to put before tax income on applications.

I would suggest getting some credit cards after you settle up on this car, I believe you could be in an even better place for this car loan if you were carrying around a few $5k+ Credit lines and showing that you are managing them all very well

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.