Hello, all!
Been reading through the forums for a few hours but I need help. I am 32yo retired on social security disability for the last 9 years and because of waiting for two years to get my first disability check my credit took a huge hit. I have been able to get increase it by paying allmy outstanding debts in the last few years but my scores are still low. I was approved by road loans both by myself and then again with a co-signer to increase the total loan amount. Problem is roadloand is terrible with their stipulations and all the dealers they emailed me refuse to accept them because of attached fees the dealer must pay.
I went to a dodge/hyundai dealership on Saturday at around 4:30 pm and was told that they think there may be something they can do but banks are closed and they will need to do work on it on monday, I left a refundeable $100 deposit on the car to hold it. (I know the sales manager so I know I wont get screwed and I had had them write refundable on the form)
Question is... will any bank a dealership uses offer me an auto loan with $1500 net a month income? I only have two cc's with $250 limits on each and each has about half balance still avail. with no late payments.
Scores:
TU - 616
EF - 589
EX - 614
I cannot use my wife as a cosigner because we froze her credit two years ago to get out of some old debts of hers.
My cosigner is my mother who has very similiar scores as me and only shows about $3000 mo net income.
I don't care about interest rate as the car will be paid in full in year or less..... do you think I have any chance of getting approved? The car is about $4000 less than wholesale...so that should help.
thank you in advance for any thoughts!
