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Collections and its affect on Auto Loan
I had a collection on my account for about $2000. The creditor did not inform me and I got to know about it after checking my credit score. This is due to rental services reported it. I paid it off completely with in 2 months after I got to know about it. I want to purchase a car of $30000 at the end of this year or starting of next year and my credit score at present is 630. I can improve it to 680-700 by paying off my credit cards. How much does this collections is going to affect me when I get an Auto Loan? Please suggest me how to deal with this problem? Thanks in advance.

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