I am with Patelco credit union and you have practically jump thru hoops to do ANYTHING. I can’t even get a check card without them runnin my credit report. My account is in good standing. Only reason I openned is to establish a relationship to get a loan, but if I can’t get a check card what else can I do?
Normally with a score under 600 you will probably need to get money down on the car before they will give you a loan. Try getting at least 10% down on the car.
Ask the dealer if they use Centrix Financial. They are a sub-prime lender and assign the loan to a credit union. Remember that with a score of 570, you will still have a very high interest rate. Probably between 16-19%
Lee you already asked this question a couple of hours ago and stated that you were with H.S.B.C. at a 16% rate.
16% is not a bad rate for your score, you just need to keep making the payments until you have at least 12-18 made as agreed on your credit and you should have no problem refinancing at a lower rate.
And by the way Centrix is out of business. Has been for months.