Hello guys I purchased a car almost last month. The car is an Audi 2016 with only 26.000 miles 1 owner and very clean car. My credit score is around 430. Really low. And I really needed a car so for that I went to to certified dealer ship and got approved for certain reasons. Of course bot bc or my credit score. But bc of my high income. And higher than average down payment. After getting approved (took a while bc many banks rejected me) they told me that my interest rate will be the highest due to addressed reasons earlier. Interest rate is at 24% the car was purchased for $21.000 for 6 years. I had no other choice but to say ok and try to pay it off as soon as I can. Doing the math I will end up paying almost the same money of the car only in interest. Now, will try to pay off some of my debts and fix my credit score and ask to have to car re-financed through a different bank. And pay a lower interest and pay it off faster. What do you guys think? Talking about my debts: 5 closed accounts (unpaid) since 2014 A few collection that are being resold to other collectors of total: $3400 and a trucking school loan that I don’t see on my credit report.. not sure if forgiven or being purchased by a different agency? Would love to hear your suggestion on where to start from and how to deal with all of this. Knowing I don’t drive a truck over the road as in for now. Will go back over the road some where in February. Not getting any high income since buying the car. Driving for Uber since I’m handling some family issues.
Submitted October 08, 2019 at 09:31PM by saabbasil https://ift.tt/33ejciv
