bossfan

Curious about difference btwn Auto and regular FICO

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Even though we have had c/o's on cc's, some lates on mortgages, and low 600 FAKO's, our auto loan repayment history is PERFECT. Over the past ten years, we paid for three vehicles, refinanced our current one (in 2001 right after I lost my job), and all were/are paid on time and/or in full.

Would this mean we would be able to get financing today, at a better rate than say, 15%?

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Even though we have had c/o's on cc's, some lates on mortgages, and low 600 FAKO's, our auto loan repayment history is PERFECT. Over the past ten years, we paid for three vehicles, refinanced our current one (in 2001 right after I lost my job), and all were/are paid on time and/or in full.

Would this mean we would be able to get financing today, at a better rate than say, 15%?

My FAKOS were around 580 last October, with 3 paid collections, 10 unpaid medical collections totaling more than $13K, and something like 20 tradelines of previously-defaulted student loans, and I was able to get 12.45% from Cap 1.

I am in the middle of a refinance for 9.5% now.

You should have no prob getting less than 15% unless you go to BarNone or some ripoff artist similar.

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