Applying for an auto loan- opinions needed !
Over the past year I have been trying to turn my credit around and have successfully raised it from 430ish last august to 659 EQ right now and 730 TU. I have two trade lines reporting, one is very new was just opened about a month ago. My second trade line is my Capital one previously secured card, this Capital one card is what is currently bringing my score down as it is reporting 250 out of 300 dollar utilization.
The card was unsecured about 3 weeks ago and limit raised to 2500 but wont report for another week or so. I have very stable income and absolutely no debt or collections on my account, my last paid collection dropped off on the first of this month. The vehicle I am looking at is a used 2012, costing roughly 30k but I am putting 5k down. Anyone know what my chances of being approved would be, I have a co-signer if needed but I am trying to avoid using one. I know my score is going to raise once the capital one reports again but I don't think I will have time to wait.
Thanks in advanced for any suggestions or opinions !