All types of credit is considered and approved for financing. And how much income you earn is a factor as well. SO, both do help in determining the amount of monthly payment the bank will allow you to take-on monthly. I've personally seen a customer in bankruptcy obtain financing. And I've seen a customer with a low-500s FICO, with a recent repossession and on social security also get financing. ALSO, if you have a down payment of even $500 or $1500 that can really help the bank give you a lower payment when your credit score may be low. With enough down payment, just about anyone can get financing to purchase a vehicle.
Combination of both for best desls
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