Think I'll be approved at Cu?

[Anonymous]

EQ- 660

Debt to Income- about 15%

Net income- 3300/mo

Had 2 auto loans- 1 for $10k(for 1yr) and another for $11k(for 1.5yrs) both always paid on time

Total Revolving balances ~3800  Limit~ 4700   

1-30 day late in January 09

1-30 day late in November 06 & 1 in Jan. 07

No collections

No bankruptcies

No current auto/home loans

Student loan for 5250 in deferrment

Looking at $26k loan.. didn't think i would need a ton for a downpayment. So I was thinking about $2k.

What do you think my chances are at getting approved? Will definitely check with credit unions first..

[moondog7324]

Your revolving debt is about 80% utilization- I think you would be better off using that 2Gs to pay down the credit cards- at that point you will be down to 36% utilization- If you can get that Utilization to 7% yor scores should soar.  I also have feeling those recent lates are hurtig. You sould call the creditor and ask for a Goodwill adjustment to the lates.

What kind of car are you looking at? I think 26Gs is a little pricey for your income.

[Anonymous]

You think that a $400 payment is too much for netting $3300/month?  Don't think so..  Lenders only

get iffy when you're debt to income is 40% or higher.