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Regular Contributor
Posts: 112
Registered: ‎08-30-2011
0

APPROVED!! Capital One re-finance 638 Auto enhanced score!!

I have not posted in quite some time but I felt this may give others some hope! After a very long rebuilding process, I felt it was time to re-finace my auto loan.

 

Auto loan opened in July 2011 credit score of 540 with Chase at 12.33%/ 72 months

Just approved with Capital One for a re-finace for 3.28% /48 months, which didn't extend my timeframe! Auto enhanced score from Experian, Capital One provided 638!

 

I am beyond happy! I still have a paid auto loan CO from 2009.  2 years worth of 30,60 and 120 days lates on a different Cosigned auto loan from 2007-2009 and 2 paid collection accounts (that are only listed on Experian) and of course that is the one that they pulled (30pts lower than my other 2 scores)! Capital One is notorious for pulling all 3 so hopefully it is just Experian that they pulled. Will know for sure when I check for new inquiries!

 

Also want to note, I also obtained a second car loan Oct 2012 credit score of 660 through a CU/dealership and got a rate of 7.33% for 60 months/$1500 downpayment!! Sometimes things just don't make much sense!! 


Starting Score: 8/30/11 EQ 520 TU98 593
Current Score: LO Pull 3/5/12 EQ 659 TU04 652 EX 649
LO Pull 5/26/12 EQ 656 TU04 668 EX 651
Goal Score: 700 by 12/30/12


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Valued Contributor
Posts: 1,265
Registered: ‎09-14-2012
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Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Congrats!!!

Never take credit personally

Amex BCP $24,900; Chase Sapphire Preferred $24,200; Chase Marriott $20,000; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Capital One Venture $15,000; Amex SPG Biz $3,000; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $8,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $15,000; US Bank PLOC Overdraft $1,500; US Bank Perks+ Visa Signature $8,600; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

Frequent Contributor
Posts: 484
Registered: ‎02-28-2013
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Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Congrats. Your success gives me hopes for new loan in future. I also have several 30/60/90/120 days lates on my current auto loan and thinking trading in my vehicle for a brand new one. My loan rate is ridiculous 24.9% from Santander. 


Starting Score: EQ: 499
Current Score: EX: 659, EQ: 622, TU: 659
CHASE Freedom: 1K, CHASE Sapphire: 5K, Barclay Arrival+: 5K, CapOne: 3K,CapOne: $3K, AMEX BCE: 3.9K, AMEX BCE: 1K, AMEX Platinum, Discover: 8.7K, DISCOVER IT: 2K, CITI Diamond:2.8K, Southwest Premier: 2K, Express:1.3K, Paypal: 3.6K, Amazon: 2.5K, Macys: 7.6K, Walmart: 1.5K, BestBuy: 1.5K, Lowes: 6K, HomeDepot: 3K
Valued Contributor
Posts: 5,381
Registered: ‎04-30-2013
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Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Congrats OP!




NFCU Flagship $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I
Epic Contributor
Posts: 24,407
Registered: ‎10-23-2007
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Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Once the ink is dry on that first refi I would go and try for a 2nd refi on that other loan!!!

 

super congrats!

Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
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Valued Contributor
Posts: 1,063
Registered: ‎04-22-2013
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Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Congrats man! I plan on getting an auto loan soon too (December), my plan is to apply with my local CU first then chase auto then capital one auto!

     
Valued Contributor
Posts: 5,381
Registered: ‎04-30-2013
0

Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!


tonyjones wrote:

Congrats man! I plan on getting an auto loan soon too (December), my plan is to apply with my local CU first then chase auto then capital one auto!


I am doing the same. I will be app'ing through USAA and NFCU to see what they give and if I do not get the lowest APR they offer then I will app elsewhere. 




NFCU Flagship $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I
Regular Contributor
Posts: 112
Registered: ‎08-30-2011
0

Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Thanks all!! Just want to say Chase was who gave me the 12.33% originally (which I am so grateful for at that credit score)! Capital One did pull all 3 Credit reports! Still waiting for the payoff to go through.. kind of a lenghthy process through Cap 1! Should I really try at this point to refi the other loan? Who should I try, would Cap 1 do another refi loan?


Starting Score: 8/30/11 EQ 520 TU98 593
Current Score: LO Pull 3/5/12 EQ 659 TU04 652 EX 649
LO Pull 5/26/12 EQ 656 TU04 668 EX 651
Goal Score: 700 by 12/30/12


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Valued Contributor
Posts: 1,063
Registered: ‎04-22-2013
0

Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!


m29 wrote:

Thanks all!! Just want to say Chase was who gave me the 12.33% originally (which I am so grateful for at that credit score)! Capital One did pull all 3 Credit reports! Still waiting for the payoff to go through.. kind of a lenghthy process through Cap 1! Should I really try at this point to refi the other loan? Who should I try, would Cap 1 do another refi loan?


How did you get approved through Chase with that score? lol

     
Regular Contributor
Posts: 194
Registered: ‎08-23-2013
0

Re: APPROVED!! Capital One re-finance 638 Auto enhanced score!!

Did you apply online for the Cap 1 refinance? Did they state they used auto enhanced scores and they also provided them to you? I'm looking to purchase a new car and was reading up on getting approved online first to have a fall back plan when negotiating. I have a couple Cap 1 cards so it makes sense to talk to them about financing.

 

Starting Score: EQ 574 - 08.28.13
High Score: EQ 714 (10/18/13) EX 686 (1/6/14) TU 664 (1/6/14)
Current Score: EQ 686 - EX ____- TU ____

            
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