Sunday, August 14, 2011

Would I be able to get an Auto Loan?

It is doable. Most lenders set a cap of debt to income between 30%-35%. You should be fine in this area. Visit a local credit union as they will likely give the best rate. Pay your credit card in full and be sure your report reflects it as paid. Be prepared to make a large down payment because your score isn't the best. It would probably be best if you could pay in cash and not worry about your credit score.

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