Reply
Established Member
Posts: 53
Registered: ‎05-11-2013
0

Approval! (I hope...)

Now that my car is a mere 21 days away from me (delivery date is 8/14), I decided to re-apply for my auto loan because it is causing me anxiety.

 

I made the topic a few days ago about working OT, but having it be regular, guaranteed OT. I was struggling with how DCU calculates their gross annual income etc. Anyway, I gave my gross annual income as it stands ($28,600) and nobody asked me any overtime income quesitons this time around. Weird

 

Approved $15,000 at 1.99% for 60 months. Pulled 722 FICO. Being a 19 year old, this approval basically is why I have worked so hard on my credit since I turned 18.

 

Now I have to turn in 3 months of paystubs, purchase agreement, drivers license etc which I'll be doing on Monday. I hope the loan officer doesn't look at my paystubs and see overtime and freak out. My last 3 months do show regular, significant overtime, even more so than I am even scheduled to work (think 80+ in a month where as I am only scheduled 40.)

 

Anyway.. I just hope this all works out! Thanks myFICO for your guidance.

Latest FICO Score(s): EQ 726 (Lender, 6/13), EX 672 (Dealer, v3 Auto, 5/13), TU 702 (Dealer, Auto 04, 5/13)

U.S. Bank Cash Rewards ($1000), Capital One Visa Platinum ($750), Discover it for Students ($650), American Express Green (NPSL), DCU Visa Platinum ($3000).
Moderator
Posts: 13,869
Registered: ‎04-15-2011
0

Re: Approval! (I hope...)

Looks good to me!  Congrats!



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Member
Posts: 53
Registered: ‎05-11-2013
0

Re: Approval! (I hope...)

Loan is in the mail everyone, all went well. :smileyhappy:

 

Thank you all for your help, I am so excited to be in this part of my life!

Latest FICO Score(s): EQ 726 (Lender, 6/13), EX 672 (Dealer, v3 Auto, 5/13), TU 702 (Dealer, Auto 04, 5/13)

U.S. Bank Cash Rewards ($1000), Capital One Visa Platinum ($750), Discover it for Students ($650), American Express Green (NPSL), DCU Visa Platinum ($3000).
Valued Contributor
Posts: 1,265
Registered: ‎09-14-2012
0

Re: Approval! (I hope...)

Awesome!  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

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.