Posts tagged help

Question by tiffanyirene_2003:
Tips for a bad credit automobile loan….please help!?
I got in an accident over Memorial Day weekend where I was stopped at a light and someone hit the automobile behind me, which hit me causing me to his the automobile in front of me. My insurance company went and did a estimate on the fixes and filed the automobile as a total loss. My automobile was pretty new a 2009 and I actually had bought it brand new at the end of 2008. However, now I am in a situation where I need to buy a new automobile but the issue is that I have HORRIBLE credit. When I graduated from college I had numerous private loans through different lenders that merged with other companies or where absolutely bought out by other companies. I was never contacted to make payments and I tried to find all my loans and who they were through but I failed at that. So to make a long story short they only contacted me once they reported to a collection agency. Finally I got them all figured out through a Graduate Recovery program and have started making payments. But obviously the issue is that I have these delinquent marks on my credit. Additionally, I have some other credit issues that I just put into a debt management plan that I started paying this month.
So, I guess my question is I need to get a automobile loan, I have no way of getting to and from work without one. I don’t have strong cosigner, but I could probably put together $ 2,000 for some cash down. What else should I do? Or where else should I look? I’ve been declined for 0 down at 2 dealerships right now. I am hoping to avoid an extremely high APR if at all possible. This is really frustrating because I’m trying so hard to get my credit together .
Thanks for the ideas, I live in CA I have looked for $ 2000 automobiles and have not found any that would work for me, I travel pretty far for work and I need a reliable car. I have already had 2 automobile loans that I went through that were NEVER delinquent and the second will be absolutely paid off within the month (insurance is paying for it).

I’m considering doing a cosign with my fiance, however I do not want any of my past credit issues to effect his, so I am hesitant to do this and mess with his good score.

I know I was really irresponsible with my credit and this is why I have really sat down and started to put all of my finances in order and I was actually really optimistic about establishing good credit for once and then this happens.
What would be the credit score of a cosigner that I would need to help me get a automobile loan?
Who is that number for? I am working on my credit BUT I need a automobile to get work and one that is dependable! Ugghhhh

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