Getting approved w/o a job

[Anonymous]

I returned to the states this past weekend after living/working abroad for several years. I'll likely have a job by the end of the week, but right now I don't. I'm in real need of a car and have cash to buy a cheapish one (below $5k), but I would really like to take out a loan to either get myself something a bit nicer or take out a secured loan on the cash I have so I can continue to rebuild my credit. How likely would I be in getting an approval for either a secured or unsecured loan, specifically from NFCU whom I've had a CC with since April and have kept a below 10% utilization. My credit scores according to USAA monitoring service are Experian 664, Equifax 599 and TU 611. I was tempted to pull the trigger with applying for one with USAA, but held off because they hard pull from Equifax and I have no credit experian.

[RushXTC]

I'd go to a spot that does in-house financing. They rarely require any information, Because most of the time they're actually hoping you get reposessed after a few payments.

[Anonymous]

You can probably get a secured loan from NFCU against your savings but until you have an established employment history here I don't see you getting an auto loan. Your best bet would be to do the share secured loan and then use some (not all) of the money to buy yourself a vehicle which will get you around temporarily. Once you have 6 months to a year on the job and you have proven an ability to pay the loan with NFCU then you could apply for a reasonable auto loan and have a chance.

There is some evidence from other posters experience that using NFCU as your primary bank and having direct deposit with them has a positive influence. I suspect that a lot of their loan decisions that are marginal are actually reviewed by a human being instead of just automatically computer denied.

[StartingOver10]

^^^^+1. HoldingOntoHope knows what s/he is doing!