Overhaulin'

Can I get a car 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, pay my bills on time, etc. in other words I grew up. I know it's 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

Public Comments

1. yes
2. You most likely can get a loan, if you have a job, but at a really high interest rate 15-19%
3. yes
4. you should get approved with no problem but you will get an outrageous rate like 21.9 or so, try to get a co-signer instead
5. Probably but your interest rate will be close to the highest they charge in your state. Wait another year then you can get a loan through a credit union or bank.
6. Do you belong to a Credit Union? They usually have the best financing deals and if you can show you are turning things around, they may help you out because you are a part owner. Otherwise, you can get one, but the interest rate may be quite high.
7. You will more than likely have a high intrest rate. Why not try a dealership or a bank that has experience with lending to people with poor credit. Start with a very small loan to try and establish a good credit record.
8. YOu need to deal directly with the president of a small town bank. I was in the car business 10 years and advised folks to do just that frequently. I say small town because those are the only ones where the president is on premisis. Write your explanation and present it to him/her with the reasons you feel you will never be late again. The banker can override your score and lend you the money if he chooses. They make their own decisions. Don't forget to open an account with the bank and be very sincere. You will get your loan and at a reasonable rate.
9. If you really had grown up you would understand that a car loan is never a good idea. Why would you want to take on more debt after working so hard to pay off debt in the last year. If you already have a car, keep it until it is dead. In the meantime start paying yourself a car payment. In a couple years you will be able to buy a nice used car that is only a couple years old for cash.
10. you def, will through capial one if you make at least 2500-3600 a month. Its really hard to get credit with a score that low. try getting a small credit card through cap. one first (only like a $300 limit) and it may increase your chances
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12. Ifn you can't I got a good mule I can let you have for your 597,is that gold or silver credit. You'll want to check these guys out....99% approval they say. http://www.123thebest.info/go.php?link=auto Have a nice day.