My credit was really really bad a year ago (4-something), but within the last year I paid off alot of debt, paid my bills on time, etc. in other words I grew up. I know its still low. Now I'm in the market for a new/used auto, and wondering If I could get preapproved for a loan. I was thinking maybe Capital One...........I would prefer not to go through the stealership............any info........thanks
2007-02-02 15:02:35 · 7 answers · asked by nunu12 2 in Business & Finance ➔ Credit
Update! Just checked my score I'm at 604 now. This is GREAT!
2007-02-10 13:47:55 · update #1
Wait until the end of the month when they need to move more cars.. you will be able to get a loan then., They (car dealerships) will get credit for anyone just to liquidate their inventory.. Might be a higher rate than your willing to pay. Join a credit union..
2007-02-02 15:11:50 · answer #1 · answered by xjaz1 5 · 0⤊ 0⤋
1
2016-09-26 09:55:17 · answer #2 · answered by Bernadine 3 · 0⤊ 0⤋
At HTTP://FINANCE-SOLUTION.US you can find the best financial solutions
RE Can I get a auto loan with a 597 credit score?
My credit was really really bad a year ago (4-something), but within the last year I paid off alot of debt, paid my bills on time, etc. in other words I grew up. I know its still low. Now I'm in the market for a new/used auto, and wondering If I could get preapproved for a loan. I was thinking maybe Capital One...........I would prefer not to go through the stealership............any info........thanks
2014-09-12 20:34:23 · answer #3 · answered by ? 1 · 0⤊ 0⤋
I'm sure you can get a loan, it will just be at a higher interest rate than if you had a better credit score.
I personally would avoid Capital One at all costs for an auto loan...It sounds like trying to purchase a vehile through a credit card which has higher interest rates.
Shop for the best deals and check which manuracturers are giving the best rebates.
2007-02-02 15:13:39 · answer #4 · answered by JesJ 4 · 0⤊ 0⤋
There is a lot of factors that decide the aproval of a loan. Who the lender is, your debt to credit ratio, the legth of time with your current employer, and other things. Even though I am an employee of Chase the only loan they will give me is a secured loan, which helped my credit score. My husband's credit score is around yours, and we went to one of those dealers that "claim" they can aprove anyone's credit. They had like 14 different finacial companies they work with and all of them ran my husband's credit. Bottom line we still didn't get approved and his score dropped dramatically because of all the inquiries. So whoever you go to, be upfront with your credit score and if they turn you down work on raising your credit another year.
2007-02-10 12:49:10 · answer #5 · answered by Catrina C 1 · 0⤊ 0⤋
Compare rates free
2014-12-29 09:30:38 · answer #6 · answered by ? 1 · 0⤊ 0⤋
CAPITAL ONE AND PROVIDIAN WILL JACK YOU UP WITH LATE FEES AND OVER THE LIMIT FEES IF YOU ARENT CAREFUL!!1 i AM DEALING WITH THEM AS WE ARE HERE!!! CAREFUL!!! IF YOU HAVE A CHECKING ACCOUNT TRY APPLYING FROM YOUR BANK.LOOK FOR LOW APR(ANNUAL PERCENTAGE RATES) BE CAREFUL YOU ARE TRYING TO DO THE RIGHT THING AND THEY ARE QUICK TO SCREW IT UP FOR YOU!!!
2007-02-09 08:33:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
you might want to consider getting a co-signer
2007-02-05 18:23:27 · answer #8 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
yes but u will pay higher interest rate
2007-02-06 03:54:08 · answer #9 · answered by tennessee 7 · 0⤊ 0⤋
Same as your other question .... Yes
2007-02-07 11:34:37 · answer #10 · answered by Bobbo 3 · 0⤊ 0⤋