The amount you finance does not matter. A $12,000 loan paid on time every month will have the same impact on your credit score as having a $35K loan that is paid on time every month.

Just be truthful and say you want the $50K + vehicle. It's much easier that way.

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Posted by Teddy Ruxpin

Member since Oct 2006

39750 posts

Posted on 2/26/14 at 10:22 pm to Will Cover

quote:
Just be truthful and say you want the $50K + vehicle. It's much easier that way.

Will, this guy scares me.

I posted in his OT thread with much skepticism. I hope everything works out.

This post was edited on 2/26/14 at 10:23 pm

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Posted by DanielTosh

Member since Feb 2014

32 posts

Posted on 2/26/14 at 10:22 pm to Will Cover

quote:
Just be truthful and say you want the $50K + vehicle. It's much easier that way.

I already said that. There are multiple reasons that I want it. I could see if I made half of what I'm making and owed money to everyone. I have paid everyone off and most of the negatives on my credit report will be off in about 2 weeks so that should help my score also. I called a finance company today and told my entire situation and not did she say I could get the loan but I could get a single digit interest rate. Y'all are judging me off of being a 20-22 year old kid who grew up poor and started making decent money and bought a lot of things and then got laid off. I couldn't find a job paying well enough to pay my bills back then and wrecked my credit. Now I have 7 years experience and a good name so a job won't be an issue anymore. I have been on time with everything the last 4+ years and make more than twice what I was making then.

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