Auto Lending Troubles

[Anonymous]

I'm posting this in hope that someone can provide me with guidance.

I lost my job a few years back. I let accounts default. However all have now been paid in FULL. I have 3 closed collections on my report.

When I got financed for my last two cars I had multiple I had numerous collections that were NOT paid.

I got financed no issue. I make about 6.5k a month take home.

I always got higher APR. However most recently I am denied everywhere except the local lots.

I can pay cash but I need to build my credit. I have secured and unsecured cards and I just paid off my auto loan with Santander.

It makes no sense to me. I also don't have a repo and I did during my last two loans.

Any advice is welcome!

[Anonymous]

Try Capital Ones auto navigator which will allow you to prequalify and it doesn't require a hard pull.

[Anonymous]

A: If you have decent amount of disposable income monthly, I'd look into getting those Collections paid off. As well as asking nicly for PFD, this will help get better APR once those are no longer reporting.

B: Since you're getting high APRs everywhere you go, I would makes substantial larger payments over the minimum due. In order to pay it off sooner and pay less interest. 

Or even do both.

[hpotterfan77]

I think he was saying he DID pay them all off and is now having trouble vs when they were open and he did get financing.

[FireMedic1]

Try your bank and tell them you can put down a pretty good amount. Since you say you could pay cash. They can see what you have saved up. This might help. Then you wont be upside down once you drive off the lot. Good Luck!