Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Auto Loans
Profile Image

Question By

0 Contributions
0 People Helped
will i be able to get a auto loan with a 553?
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
1 Person Helped
Most Helpful Response

Helpful to 1 out of 1 people

I just got a 30,000 loan with a 541 score. I also put 3,000 down. I have a 11.5% APR. I got my loan approved through Chase Bank.

Top Contributor
2695 Contributions
822 People Helped

Possibly but with a sky high interest rate.  Better to buy a $2000 car cash ( have checked by a mechanic like Belle Tire ( free ) before you finalize the deal ).  Do not pay over 10% interest and if you wait until you get 640 score a credit union will give you a nice rate.  Good Luck.

8 Contributions
8 People Helped

Helpful to 0 out of 1 people

I was able to get a 8000 dollar loan for a vehicle. I knew the interest rate would be high. They charged me 28% interest! I mean it is almost laughable but I put myself in that situation. I will def not take the four years to pay it off or Id end up paying thousands in interest. If you want to get your credit score up you will need a car reporting on time payments so make sure they report. Mine has shot up 100 points in 14 months. Hope this helps.

Reply by

1 Contribution
0 People Helped

Who did you go thru to get your auto loan? 

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.