I just got a customer with a similar score approved through Ford Motor Credit.
FMCC would not approve them @ 0% but they did approve them @ 1.9% X 60 mo with a $2000 down payment (they were $2000 upside down on trade ) for a new 2007 Escape .
My cerdit score is in the mid 550's. Where can I find approval for an auto loan?
wait -- please do your self a favor and go get a securred cc and just charge it half way and pay it off for about 6 months and your rating should go up dramatically. With a 550 score you should be able to get a car loan but your interest rate will be obsene. So your payments will be as well.
My cerdit score is in the mid 550's. Where can I find approval for an auto loan?
I agree with Daniel A. You will probably get a high interest rate. I am in similar situation with a 12.9 rate. Its just best you don't finance a car at all just save up for it it will be a lesser headache down the road.
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