How long should I wait to apply again?

Anonymous · ‎02-13-2009

I applied for an auto loan in Nov/Dec of 08 - I was approved by Cap One at 14.4 which I thought was high but the dealers wanted to charge me 19%!! How long should I wait before I apply again? My score is now 650 with EX. Should I wait until summer. I have not had any lates in over a year but do have disch stuff

llecs · ‎02-13-2009

Welcome to the forums!

I'd focus on repai if there are lates showing. Give GWing a shot.

Anonymous · ‎02-15-2009

In addition to the comment already made, you should know exactly what your score is BEFORE applying again. Keep up with your score and when you see it increase, then go for it again. At this point, I don't really see a "timeline" for applying again.

If your lenders are looking at your FICO score, why shouldn't you do the same?