Hi All,
So I have been rebuilding my credit after a bunch of charge offs / settlements. My scores are slowly creeping back up (Equifax 578, Transunion 622, Experian 594).
I really needed a car / wanted to begin building back positive history on an auto loan as my Acura lease was late 6 times (I am going to try to GW these. 3 30 day lates and 3 60 day lates.)
I went to Subaru and at first they got an approval at 18% with Santander with 2k down. I just could not get myself to enter into a loan at that rate...
So I said what if I put $8,000 down. Subaru went back to chase and they approved it at 8.74% for 63 months.
I wound up getting it and am in love with my new legacy!
I did recently settle 3 Chase accounts for 30% of what I owed so I was surprised they approved it. Do you think having a Chase auto loan will help me get a credit card in a year or so? I guess I’m wondering if because I settled with Chase I am now blacklisted.
Thanks so much guys!
