Positivemotion

Thanks Marv. Found out today that I am about $5500 under water with the car so it's not looking good. I guess I will just keep paying my $398 note.

I am really just trying to find out if I can get approved in my situation for a newer car (around $16k or so - Toyota is a having a 4th of July weekend sale on new Camrys) with lower miles and a much lower apr now that my scores have increased some and my reports are correct. Should I just go to the car lot and let them run my credit? I would love to be in a better financial situation vehicle wise. Please advise. Thanks for all your assistance.

Ok. What if I put $1k down? Would that help and if so, what price range should I be looking at?

Thanks for your reply. I am looking for a car I can roll it into hopefully. Not 100% sure how much car I need to be looking for but I want a new car with a lot lower mileage (currently at 130k) and lower interest rate.

Credit Application: Your Age? 43 Your Equifax Credit Score? 605 Fico (651 credit karma) Your Experian Credit Score? 632 (based on Experian tracker today) Your TransUnion Credit Score? 610 Fico (629 credit karma) How many years have you been on file with Equifax? 21 How many years have you been on file with Experian? 21 How many years have you been on file with TransUnion? 21 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? Yes (2008 Toyota Camry LE 4cyl) Will this open auto loan be a trade-in? Yes How many late pays within the last 12 months on the currently open loan? 0 (recently opened auto loan) How many late pays within the last 13-24 months on the currently open loan? 0 Your current open auto loan is financed with? Credit Acceptance Your current open auto loan payment is? $398 Estimated amount you may be upside down in this vehicle? $3,000 Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 9 (I got this car 3 months ago) YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 4 reporting (2 are AU and recently opened 5 additional cards not reporting yet (discover secured, 2 cap1, target and kohls) Total percentage utilized overall? 16% How many of your revolving accounts are store cards? 1 (firestone) How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 3 (2 cap1 cards and 1 armed forces secured visa) How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 YOUR PERSONAL INFORMATION How long at your current residence? 2 years Do you Rent or have a Mortgage, or Live w/Relative or Other? rent Your Monthly Rent or Mortgage payment? 1250 (I pay 650) How long have you held your current job? 1 month (2 years at previous position with no gap in employment) Your total provable monthly gross income is? $5,000 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) computerized pay stub Is there additional monthly income? What amount monthly? no Describe the source. n/a Is the additional monthly income provable? no Spousal income is not applicable. YOUR DOWNPAYMENT Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) $0 Does any credit repository contain any Public Record? Yes If yes, please very briefly describe. 2 Chapter 7 bks (1 discharged in jan 2006 soon to fall off reports and 1 discharged in march 2015) Does any credit repository contain any Collection Account(s)? 2 If yes, please very briefly describe. Both were IIB Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 8 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 8 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 8 New or Used vehicle you are considering: Please very briefly describe I am in a bad loan and the current loan is financed at around 23%. I would like a newer car with a better rate. Looking to finance around $20 if possible but not sure exactly what car yet. Please help.

Congrats.

Now that's the ticket!

2014 Hyundai Accent Hatchback, 23 miles and financed $21k at 21.99%. Currently awaiting chapter 7 discharge (18 days left). Also have a chapter 7 discharged in jan 2006 that will fall off reports in September this year. Current credit score about 500. $1k down. How did I do? $450 for 72 months.

I have 2 bks reporting and one is not even discharged yet. I walked into a dealership and left with $0 (zero) down at 19% last week, which I plan to refi as soon as my current bk discharges. I think he can do a hell of a lot better than me.

I did a chapter 7.

Good luck! I too gave it a go 9 months before bk but eventually got served and garnish attempt. Got fed up after my hardwork and gave in. In my case I am very glad I did as I couldn't get approved for anything to save my life. I am 30 days from discharge and excited about my future. My car basically died this past Thursday so I put putted to a dealership in my area and drove off with $0 down in a brand new car. I tried to get a car in Dec prior to bk but had to return the car because they could not finance me.

Great, thanks! Yes, I am awaiting bk 7 discharge as we speak but I am following your thread as well as any and all info I find on naca. I am in las vegas and the meeting out here was great especially seeing all the success stories in person. That 15 year mortgage deal is unbelievable and is what I am going for when ready. Please keep posting all your experience because it is helping people like me. Additionally, I told the naca people I was in bk and they said I could still get started anyway.

Congrats! I went to the NACA initial workshop. I plan on going through them for My home. The 15 year loan is great with the buy down as well.Any update? I will not be ready to buy a house until 2017. I just went to meeting for information but I loved what I heard and cannot wait to get started.

27% sounds like shooting in both feet with double barrels - Yikes! 27% is LEGAL???? Some states it is. Clearly not NV as I was paying 30%!

Have you thought about bk13?