Comments on: What kind of interest rate will I incur when applying for a auto loan with a credit score of 609? http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/ Get Home, Auto, Student Loans Information Tue, 28 Sep 2010 17:56:09 -0700 http://wordpress.org/?v=2.8.1 hourly 1 By: STEPHANE O http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/comment-page-1/#comment-5281 STEPHANE O Wed, 19 May 2010 12:41:02 +0000 http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/#comment-5281 Poor Haybulldog, always the same tired old thing and never actually answers a question. Spifiman is correct. Poor Haybulldog, always the same tired old thing and never actually answers a question.

Spifiman is correct.

]]> By: SPIFIMAN1 http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/comment-page-1/#comment-5280 SPIFIMAN1 Wed, 19 May 2010 11:50:56 +0000 http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/#comment-5280 Auto finance is what I do for a living and auto loans are based on the following factors; 1. LTV (loan to value). 2. Term of loan. 3. Age of vehicle. 4. Miles on vehicle. 5. Down payment. 6. Time on job. 7. Time at residence. 8. Monthly income before taxes. 9. Credit score/profile. 10. Total debt to income. Without actually seeing what makes up your 609 score and knowing how the above is structured no one here can give you a accurate answer as far as rates. Your score is sub-prime so you will need to find a dealer that advertises Special Finance when you do buy. As far as bringing your score up, pay any credit card accounts you have down to below 30% of your credit limit and make sure everything is paid on time. As far as Haybulldog is concerned he is entitled to his opinion just like everyone else, but at least I attempted to answer the question instead of offering lame advice. Thanks for the support Stephane. Auto finance is what I do for a living and auto loans are based on the following factors;

1. LTV (loan to value).
2. Term of loan.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income.

Without actually seeing what makes up your 609 score and knowing how the above is structured no one here can give you a accurate answer as far as rates.

Your score is sub-prime so you will need to find a dealer that advertises Special Finance when you do buy.

As far as bringing your score up, pay any credit card accounts you have down to below 30% of your credit limit and make sure everything is paid on time.

As far as Haybulldog is concerned he is entitled to his opinion just like everyone else, but at least I attempted to answer the question instead of offering lame advice.

Thanks for the support Stephane.

]]> By: heybulldog http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/comment-page-1/#comment-5279 heybulldog Wed, 19 May 2010 11:13:39 +0000 http://www.loansreferences.com/what-kind-of-interest-rate-will-i-incur-when-applying-for-a-auto-loan-with-a-credit-score-of-609/#comment-5279 Save and get a cash car. It'll get better gas mileage if it is not dragging a payment book behind it. Take what would have been you car payments and put it in the bank. No payments = cash in the bank. collect interest. Don't pay interest. Don't obsess with the I love debt score. You have to borrow money and make payments on time to get a high score. You have to keep borrowing money and keep making payments on time to keep a high I love debt score. all it gets you is debt. A low score from not paying your bills is trouble. If you have a 0 score from not borrowing money you can still get an apartment and job and home loan with manual underwriting. It's not a sub prime loan. It's the way it was done before the I love debt score. You can get the same low interest rates. Of course the bankers and their loyal followers are gonna tell you different. Debt free is the way to be! All I'm doing is trying to keep you OUT of debt. They are just trying to get you IN debt! Love me or hate me Spifiman and Stephan o knows it's true. Of course Stephan is in finance too! You notice that the people that make money lending other people money are the ones that are against me. I must be making a difference! Spifiman can tell you that my advice is lame. But, he can't tell you why. Save and get a cash car. It’ll get better gas mileage if it is not dragging a payment book behind it.
Take what would have been you car payments and put it in the bank.

No payments = cash in the bank.
collect interest. Don’t pay interest.

Don’t obsess with the I love debt score.
You have to borrow money and make payments on time to get a high score. You have to keep borrowing money and keep making payments on time to keep a high I love debt score. all it gets you is debt.

A low score from not paying your bills is trouble. If you have a 0 score from not borrowing money you can still get an apartment and job and home loan with manual underwriting. It’s not a sub prime loan. It’s the way it was done before the I love debt score. You can get the same low interest rates.

Of course the bankers and their loyal followers are gonna tell you different.

Debt free is the way to be!

All I’m doing is trying to keep you OUT of debt. They are just trying to get you IN debt!

Love me or hate me Spifiman and Stephan o knows it’s true.

Of course Stephan is in finance too!

You notice that the people that make money lending other people money are the ones that are against me. I must be making a difference!

Spifiman can tell you that my advice is lame. But, he can’t tell you why.

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