Military In need of help.

Anonymous · ‎09-21-2009

Hi

I am trying to get an auto loan for a chrysler 300, sticker price is 11995 not including tax title etc. anyone help me out here i some details

My Fico Score for TU is curently at 604 with all accounts recent and paid, EQ is at 597 with all accounts recent and paid

1 Collection on my TU 0 on my EQ

11 missed payments total

Recently paid off an auto loan

4 years with employer with a gross net of 3900.00

2000.00 down payment

Anonymous · ‎09-21-2009

Since you are in the military (thanks for your service),you may want to check out navy fed or penfed. You are of course eligible for membership. They have excellent rates on car loans and other products.

How recent are the 11 missed payments?

Good Luck

Message Edited by Lovethe70s on 09-21-2009 10:02 AM

Anonymous · ‎09-23-2009

@Anonymous wrote:
Since you are in the military (thanks for your service),you may want to check out navy fed or penfed. You are of course eligible for membership. They have excellent rates on car loans and other products.

How recent are the 11 missed payments?

Good Luck
Message Edited by Lovethe70s on 09-21-2009 10:02 AM

Penfed is out with a score that low.

Join Navy Federal.

They will get you done.

Anonymous · ‎09-23-2009

Just a follow up of my situation

Recently i went to a Toyota dealership who took into account my situation, I was financed through Toyota with a interest rate of 16.3...yes its high but this car is going to be paid off in less than 18 months ( DEPLOYMENT ). I will refinance once my credit improves and after this hard lesson learned the next time i shop for an auto loan i will be shopping with confidence. Thank u for all ur help and it can be done...high interest rate or not u pay to play in this ALMOST post recession world. thanks to everyone's contributions.

Anonymous · ‎09-23-2009

@Anonymous wrote:
Just a follow up of my situation

Recently i went to a Toyota dealership who took into account my situation, I was financed through Toyota with a interest rate of 16.3...yes its high but this car is going to be paid off in less than 18 months ( DEPLOYMENT ). I will refinance once my credit improves and after this hard lesson learned the next time i shop for an auto loan i will be shopping with confidence. Thank u for all ur help and it can be done...high interest rate or not u pay to play in this ALMOST post recession world. thanks to everyone's contributions.

You would be much better served to open an account with NFCU.

They are the best institution for your banking needs.

You will actually be kicking yourself at some point if you do not join and then let your eligibility end locking you out of membership.

NFCU would have financed you at an under 10% rate.