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Posted in Auto Loans
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Question By
dwiz0520

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i having a hard time understanding what is on my credit report
what is need for me to attain a auto loan of 15000

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Top Contributor
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There are many factors to consider

Everyones situation is differant.  you can qualify for An auto loan for 15K with a lower score (600+) but you will pay higher interest rates and higher monthly payments.  A higher score will get you better rates/lower payments .

factors that are considered besides your actual score are Debt to income ratio and utlization rates. 

if you don't know what these are, then i suggest that you spend some time education yourself on credit and how it works. Credit Karma blogs and Other sites like it are a great way to learn with out having to pay someone to teach you.

Credit is a Lifetime Issue and on that will concern you all your life.  Learn how it works so you control it and not the other way around. 

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