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.
Looks good to me! Congrats!
Loan is in the mail everyone, all went well.
Thank you all for your help, I am so excited to be in this part of my life!