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Posted in Auto Loans
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monty0695

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Chances of getting a auto loan on top of another
I have an auto loan open of 2 thousand left and need to get another loan of 17 thousand because i wrecked that car. credit is 690

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Top Contributor
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Not much to go on but,

with a score of 690 you should be able to qualify if the rest of your credit report is in good order.  You will be paying higher interest rates than if your score were higher, but in general you should be able to qualify.  I suggest that you Pre-Qualify for a loan with your Credit Union or bank for better rates, You'll know in advance what your payment will be and you can negotiate with the dealer as if you had cash in hand!  PLUS Auto dealers like to "shop Your loan" which can lead to many hard inquiries on your credit report. (I've heard of as many as 20 in one day!)

Good luck

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