Think I'll be approved?

Anonymous · ‎07-23-2009

EQ score -653 Auto-enhanced score-673

2- 30 day lates in 2006(credit card)

1- paid collection for $179 in 2007

8 Revolving accounts all paid on time(68% utl)

1 auto loan opened in 99(14months) for $10k- paid as agreed

1 auto loan opened in 2002(54 months) for $11k- paid as agreed

Hoping to get $26k loan at credit union here in AZ with no money down, what are my chances?

Message Edited by goldberg007 on 07-23-2009 10:18 AM

JoeBJay20 · ‎07-23-2009

No money down loans are becoming harder and harder to come by, what's your income?

Anonymous · ‎07-23-2009

@Anonymous wrote:

Hoping to get $26k loan at credit union here in AZ with no money down, what are my chances?

Message Edited by goldberg007 on 07-23-2009 10:18 AM

Assuming you have the income and job stability, I dont think you will be denied

Anonymous · ‎07-23-2009

Income is about 3100 after taxes, and same employer for last 2.5yrs. So that puts me at about 20% debt to income without a car payment.

JoeBJay20 · ‎07-23-2009

Then you should be OK, but I would suggest getting your utilization down before applying, you would end up with a much better interest rate.