I have terrible credit. Probably low 400's with an item in default. I have had my job for 2 years but my score is very low. I just moved back home so I will be working towards paying off my other debts as well, and while going over bills/income I have plenty to cover the loan and get caught up on all my bills. I just had my second child and I want to get a new car as every old car I have had has never turned out to be reliable so I want to go with a new one. I'm looking to get about a 15,000 dollar loan from the bank or a dealership. I know that I can't get one myself so my parents will cosign with their score being over 800 and in excellent history. Will I still be able to get approved?
Approval on car loan with bad credit?
- Thread starter Jeffrey
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