Increase auto credit score

[Rone75]

Hello everyone, first post on here. My credit is very bad, 450. I was in a very dark place a couple years ago, but now I'm divorced and trying to get out of a vehicle I no longer want. I owe 15k on a 2019 Hyundai Elantra. I DESPERATELY want to get out of this car. I know the only way to get out of it is to pay the balance off. I talked to a couple dealers and they told me the only way they'll work with me is if my credit is good. How can I increase my auto score fast?  I apologize if this is a stupid question. 

[GZG]

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@Rone75 wrote:

Hello everyone, first post on here. My credit is very bad, 450. I was in a very dark place a couple years ago, but now I'm divorced and trying to get out of a vehicle I no longer want. I owe 15k on a 2019 Hyundai Elantra. I DESPERATELY want to get out of this car. I know the only way to get out of it is to pay the balance off. I talked to a couple dealers and they told me the only way they'll work with me is if my credit is good. How can I increase my auto score fast?  I apologize if this is a stupid question. 

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you need to pay back/settle in full with all of your creditors, file bk or wait for all of the negative tradelines to fall off of your credit report, there's no trick to it

I'd start here: https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-to-get-the-best-results-when-asking-for-... 

[Realist]

There's opportunity in every crisis.  The ability to do things you never once could do when times were good.  There's always a silver lining.

As mentioned by GZG, settling in full is an option, but is there any other debt also worth bringing to the table?  Typcially, you want to go for a grand slam and clear out everything should you decide to go this route.  It's not a freebie path, it requires work, and there is pain involved.  But, it will allow you a second chance along with an education.  

At the end of this path, your score will come out smelling like roses.  But not first without struggling first.

[FireMedic1]

For a score that low. There's more than just that Loan holding you down. Need some info on your baddies if any. what your revovling credit issues also. Loans fall under pyment history and how much has been paid down from the initial loan. if you can list your baddies. More help can be given.

[FICOdawg]

Not judging you here and understand the desire to get out of a car, but if you have other debt to pay, I'd pay that off first.    If a dealer roles a huge amount of negatively equity your just digging a bigger hole.       Make bigger payments on the car you have and in two years you won't be upside down.

Cars are a losing asset so the good thing is that car is past the worst depreciation phase ownership.      I rolled a bunch of negative equity into a car while in my 20s and would never do it again.     

[FicoMike0]

Ditto @FICOdawg 

You need score improvement, not more auto debt.

If you want help, there are experts here. Post all accounts, credit limits, balances, etc. List all baddies, your disposable income. You may be surprised at the advice you get.