I'm 60k in debt and (now)make approximately 65k a year. I'm finishing my degree this winter and won't need to make payments for a few months due to forbearance. My FICO is 710, but I've only had a credit card for two or three months
My car recently died and I've been given the opportunity to buy one that will last decades from a friend of a friend's dad.
Its about 10k more than what I can afford in cash currently but I'm concerned about my odds getting approved for a loan due to my TDI. I'm not afraid of missing payments, and would likely have it entirely paid off by next May, by just throwing extra income(not my emergency fund) at it, lump sum after a few paychecks.
I'm fairly frugal and have saved up about 7k to put into it over two months, but I need a car to get to work and school.
TLDR; will I likely be approved for a 10k car loan, with 60k in student loans coming up while I make 65+ a year?
Submitted October 06, 2023 at 02:30AM by Shankymcpimp https://ift.tt/jJ4Cw2i
