What do they look at in a credit approval for a car?
I am going through the stealership to finance a 2006 Mustang GT for $11k. I have a great credit score and no past issues what so ever however I have been at my new job for a month. I am also getting a $5/hr raise in January so will that make a difference if I submit my application than? Or could I mention it now?
Asked By: John A - 12/18/2010
Best Answer - Chosen by Asker
Loan approvals require a satisfactory overall application score. Your credit score is one of the most important factors going into your application score. The other big one is debt to income ratio. This means your total debts should not exceed a certain percentage of your income. For an auto loan, the ratio is... More
Answered By: Bryan G - 12/18/2010
Additional Answers (2)
Are you saying your length of employment total is a month or that you just started a new job where you've been there a month but you do have plenty of prior work history... More
Answered By: Frank M - 12/18/2010
They won't care about a raise you might get in a month, as that is not guaranteed. applying AFTER the raise would be helpful.
Answered By: the kid - 12/18/2010
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
We need people to fill a number of positions at Home
Click. Search. Apply. Free!
New job opportunities added daily. Search & apply for DC jobs now.
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.