To all knowledgeable board members on this topic... What's the lowest interest rate granted for a car loan? Who was the creditor? Please send any info.. (MP$40 I think you obtained a car loan a couple of months back, refresh my memory). Thanks every1
Yes I did. Through Fireside Thrift Co. at 19.81% I have 1 paid (but showing unpaid on Experian and deleted from TransUnion) judgment, 1 open collection accont for $1k+, and 2 unpaid collections from the same company for unpaid checks that I didn't write. At the time though, everything was showing negative! I wrote a letter explaining my credit situation and showed proof that I paid stuff, etc. and that my report hadn't been updated (it did help that on my Equifax that they ran that there was a note that I was disputing stuff)so that help. Oh.....they didn't know about the judgment cause it was never on Equifax....that's right...sorry. But I still got the loan and took it cause it was my only option at the time. To make up for the crappy interest rate, I have doubled my payments to pay off early and save in interest. I've read on this board about people with problem credit getting a better rate than 19.81%!!!! Let's wait for responses.
13.9% I got my autoloan from household auto fianance. The rate was 13.9%. I was happy because I heard of rates like 18-19% with bad credit. I plan to refinance once my score rises. roni
RE: 13.9% I just got a 0% down, 0%APR for 9 months and 0 payments for 9 months from Mitsubishi. I may have a couple of derogatories, lots of inquiries and a lot of outstanding credit. http://www.creditsense.com