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Established Member
hardworkpaysoff
Posts: 53
Registered: ‎05-11-2013

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
Shogun
Posts: 12,883
Registered: ‎04-15-2011

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+

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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
hardworkpaysoff
Posts: 53
Registered: ‎05-11-2013

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).
Established Contributor
sccredit
Posts: 770
Registered: ‎09-14-2012

Re: Approval! (I hope...)

Awesome!  Congrats!

Mortgage $299k/$310k
Autos Loans $49.5k/$60k
Unsecured Lines $157.2k

Discover FICO 732
DCU FICO 718


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