First of all I hope this is the right place to post this, sorry if it isn't.
Quick question. I'll be in the market for a car in the couple of months, because the one I have now has too many problems to fix. I'm going to be looking into joining a credit union (along with other options) to inquire about a auto loan and all that jazz, and you can see I'm trying to do my research way ahead of time.
My credit score is under 600, roughly 570 and once I pay this small student loan of $1600 (the only debt left I have left on my credit) I'm sure it'll go up but lets just say my credit stayed under 600 by the time I was looking to purchase the car (which is ideally around late June early July). Last month my buddy and I figured out a couple of things with his business that allows me to make on average $4k a week, direct deposit and I'll definitely be able to show them the paystubs as proof. Financially I'll definitely be able to afford the car I want, the problem really would be that my credit is still subpar and I can't really wait for my score to climb up and up with this particular decision.
So my questions are this: 1. What are the chances of me getting a loan for a $29k car based off the income and credit I mentioned? 2. Realistically from a credit union and with the credit/income is a 4% interest rate still achievable? 3. Do you think there is a better alternative than a credit union based off of my situation?
Anything helps. Thanks in advance!
Submitted April 24, 2018 at 03:48PM by fckcountrymusic https://ift.tt/2JpDImz
