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getting loan after late pays

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Anonymous
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getting loan after late pays

Hello .

 

I have  an auto loan since 4/2012 with ally financial.  Just paid off an auto loan with my local credit union that I had since 2012. both of these accounts

show about 4-6 late pays.  I am now out of the financial bind that i was in and would like to know when i will be able to get another car loan.

Trading in my current one.  Last late was 6 month ago.

 

Thanks

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SamsungHDTV
Established Contributor

Re: getting loan after late pays


@Anonymous wrote:

Hello .

 

I have  an auto loan since 4/2012 with ally financial.  Just paid off an auto loan with my local credit union that I had since 2012. both of these accounts

show about 4-6 late pays.  I am now out of the financial bind that i was in and would like to know when i will be able to get another car loan.

Trading in my current one.  Last late was 6 month ago.

 

Thanks


I'm not sure what your asking so here is some general advice.

 

Yes its possible to qualify for an auto loan with lates. However, your situation is YMMV.

 

Are you sure you want to trade in? Its usually best to keep until wheels fall off (to avoid getting into another financial bind).

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