topic Re: Auto loan w/ repo in Auto Loans

Auto loan w/ repo

grevic24 — Fri, 12 Oct 2012 09:00:21 GMT

What are my chances on getting approved? Just joined CU. 6000 down, looking at used car 14k, no trade in - car acc

2 credit cards - 0 bal, opened 12/11, never late.

Ford Credit - CO on 10/07 for $5,147

Civil Judgement on 09/08 w/ Ford credit.

Trans 685

Equifax - 670

Any suggestions? Thx

Re: Auto loan w/ repo

jadeite788 — Mon, 15 Oct 2012 15:04:36 GMT

depends on which CA they pull, most pull experian.

Re: Auto loan w/ repo

Jutz — Mon, 15 Oct 2012 15:09:10 GMT

Have you talked to the CU about Auto Loans? Mine told me they have a minimum credit score, so it was at least straightforward.

As for pulling EX for auto loans...Any particular reason why? Frustrating because EX is the only FICO we can't get, then add in the Auto Enhanced and it's a crapshoot.

Re: Auto loan w/ repo

tooleman694 — Mon, 15 Oct 2012 15:11:24 GMT

I dont see why you would be denied. scores look good.

Re: Auto loan w/ repo

jadeite788 — Mon, 15 Oct 2012 15:21:10 GMT

tooleman694 wrote:
I dont see why you would be denied. scores look good.

I agree, good credit score and good down payment, but the problem is we don't know the experian score, and if the OP goes t hrough the credit union than most likely experian gets pulled. I know my credit union told me straight forward they pull experian and they have a minimum credit score.

Re: Auto loan w/ repo

tooleman694 — Mon, 15 Oct 2012 15:35:05 GMT

My credit union pulls equifax..

Re: Auto loan w/ repo

Revelate — Mon, 15 Oct 2012 16:18:25 GMT

jadeite788 wrote:
tooleman694 wrote:
I dont see why you would be denied. scores look good.
I agree, good credit score and good down payment, but the problem is we don't know the experian score, and if the OP goes t hrough the credit union than most likely experian gets pulled. I know my credit union told me straight forward they pull experian and they have a minimum credit score.

This is actually dependant on the individual credit union. Most will pull a single bureau, and historically that means either EQ or EX (traditional regional CRA affiliations and the geographic population distribution, different topic), though there are some which use TU as well, and the largest of CU's pull multiple reports much like any of the national lenders. Given the name of the CU it's probably easy to determine which bureau they pull.

Re: Auto loan w/ repo

grevic24 — Mon, 15 Oct 2012 23:24:52 GMT

Floridacentral Credit Union. I havent talked to them yet due to injuries from the accident. Sometime this week. Thx