I have two delinquencies although it's been 5 years already. During the past 6 months, my score has risen by 50 points. I have no credit card bills or any other bills. I am looking to get a new Toyota truck. Thanks!
2007-04-06 18:32:35 · 6 answers · asked by sws 1 in Business & Finance ➔ Credit
Absolutely a good score. You are in the top average (average being around 660).
The two deliquincies wont matter as much as the credit score.
Try to get a loan from your bank or credit union first, before going to the dealer. The dealer will only give you a high interest loan. You will get a much better payment and interest rate if you go to your bank first (credit unions are even better, if you are a member of one).
Im sure you will have no problems at all getting a loan, just make sure the payment is something you can afford, and I would recommend buying a year or older certified used toyota - Dont buy new b/c it loses most of its value once you drive it off the lot. At any rate Toyotas are great cars/trucks and will last you 200k or more! Good choice!
2007-04-06 18:43:16 · answer #1 · answered by B 5 · 0⤊ 0⤋
680 isn't too bad - you can get a loan I would think but you probably will get a little higher interest rate than at teh mid 700s. If you get the truck DO NOT MISS a single payment. This is one sure way to get your credit score to go up.
2007-04-06 18:37:40 · answer #2 · answered by amland1 2 · 0⤊ 0⤋
Auto loans are based on several things, how much are you borrowing in relation to what the vehicle is worth, how long are you borrowing the money for, how old is the vehicle, how many miles are on it, how much are you putting down, how much money do you make a month, how long have you been at your job/residence, do you budget for the payment and doe's your credit profile qualify you for the loan.
As long as all of the above is in line, you should have no problem getting a loan.
2007-04-07 04:21:16 · answer #3 · answered by ? 7 · 0⤊ 0⤋
Yes it's a good score to apply for a loan and i am sure you will get the loan.
You can make some search on yahoo or google to find some financial organisations who will give you loan at low interest rates.
To know more you can visit
http://geteasyloans.blogspot.com
and
http://creditcardbiz.blogspot.com
2007-04-06 20:29:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
680 should be a strong enough score but it will also depend on what lenders like to call SAWS. Stability, Ability, Willingness (score), and security.
2007-04-06 19:11:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
As long as according to your salary, you can afford it. Your score is good enough.
2007-04-06 19:08:06 · answer #6 · answered by Mariposa 7 · 0⤊ 0⤋