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Sunday, March 14, 2010

Will capital one approve me for an auto loan?

My credit scores are in the low 700's and I have no negative marks on my credit but I am 19 years old and I only have about 11-12 months of credit history with two credit cards. Will capital one approve me for an auto loan and if so than for how much?

Will capital one approve me for an auto loan?
Based on your scores, you will be approved. However, for auto and mortgage loans, they will want to see how you are going to pay for the car. It will depend on many factors how much you get approved of. Based on your score you should be approved but auto loans are a little more complicated than that.
Reply:yes , they will


Do not buy more than budget for it.


be smart ..and do nt go over your limit.


they will take tour car in speed of light if you fail to make 2 payments


but you have to come with a down payment..


credit crises force lenders these days to ask for a large down payment between 20%-50% base in your credit rate


.
Reply:if they look at credit scores yours is good...so id say yes they approve you providing you have verifiable income how much income will determine how much they will loan you.

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