I have a friend with scores of TU-526 EQ-550 and Experian-605. She is looking to buy a new car with a new vehicle with nothing down but she is trading in her vehicle. I think she owes about $1500 more than it would be worth. She has no negatives but is using about 98% of available credit. Would she be eligible for financing and with who??
Many sources are available; Cap 1, Household, americredit & triad to name a few. A captive such as fmc or gmac may do those those scores if there is no derog & the dealer has a strong relationship. She should look for a new car with a large rebate & fitting in her budget. She will probably be required to prove income. Hope this helps
