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Posted in Auto Loans
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SimplyFaith

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Late Payments on previous auto loan
I paid off my auto loan one year ago. I may need to finance a new USED car. My credit score is 620. What are my chances of securing a loan with previous late payments BUT the loan has been paid in full for one year.

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Top Contributor
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Derogs tend to have a significant impact and hold one's scores down.  Whatever your odds are with them they will be significantly better without.  Derogs are a major red flag to any creditor for hopefully obvious reasons.

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