@Anonymous wrote:
so been doing some reading and im not sure if im a canidate for a dcu loan
i want to get out of my current car, im rougly 2-3k upside down in it.
my current fico5 with EQ is 705, i have perfect payment history with my current auto loan *through navy federal*, and perfect history with my credit card (10K CL)
my credit profile is a bit thin ..oldest account is 17 months, average age of credit is 14 months ... only have a single credit card and the auto loan.
im looking to borrow roughly 38K
my base salary is 50K a year, i have no debt's except my current auto loan
whats my chances look like ???
So are you looking to get a new car or refinance your existing one? I couldn't tell for sure what you meant by get out of, sorry long day and I need more coffee.
I just joined PenFed and refinance my car for 4.10%, my scores are lower than yours - I borrowed $35K for 60 months at $645. So far, I love them, the process was very easy for me to join and to get the loan.
Not familar with DCU since you have to be 2 years post bk to get approved but everyone on here loves them for car financing.
I'd probably apply with both of them and see what each one offers. Also, with that score, for many dealerships you might qualify for their higher tier financing, is there something specific you were looking to buy that may have lower apr than they could offer?
