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02-13-2012 02:48 PM
rachael1 wrote:APPROVING BANK:Access of Louisiana Credit Union
CUSTOMER STATE OF RESIDENCE:Louisiana
YEAR OF VEHICLE:2012MAKE:HyundaiMODEL:Sonata 2.0 Turbo black/black
MILEAGE:15RETAIL/LEASE:22,564 Plus ttl
AMOUNT OF LOAN:14,000
MONTHLY PAYMENT:273.51ANNUAL INCOME:
MISCELLANEOUS COMMENTARY:put down almost $10,000 plus $700 for my trade in. financed the rest. (14,000). Was really shocked to get approved for 6.3% with low scores. i love my new car!!!
Congrats on the nice new ride. Big down payment conquers many things.
02-15-2012 11:19 AM
02-18-2012 10:07 AM
02-18-2012 05:03 PM - edited 02-18-2012 06:16 PM
02-19-2012 05:44 PM
moondog7324 wrote:APPROVING BANK: NFCUBUREAU PULLED: EQCREDIT SCORE: 634CUSTOMER STATE OF RESIDENCE: DENEW/USED: NewYEAR OF VEHICLE: 2012MAKE: KIAMODEL: SoulMILEAGE: 15RETAIL/LEASE: RetailAMOUNT OF LOAN: 16,319TERM CONTRACTED: 60APR/LEASE RATE: 3.49MONTHLY PAYMENT: 298ANNUAL INCOME: 62KMISCELLANEOUS COMMENTARY: This will be my 3rd Auto loan with NFCU. Last month I contacted them about getting a loan with two open Auto Loans with them. They approved me for up to 17,500 (that's all I asked for) on the condition I trade in one of the vehicles, so that I only have two open auto loans. The approved rate was 10.79%. I wasn't too pleased with the rate and spent my time trying to find a good auto deal. They gave me 30 days to use the loan or it would be voided. I didn't find the car or deal I wanted and decided I would pay off one of the loans and sell the vehicle outright instead of trading it in. A few days after I paid off the car I called back and found out the 10.79% loan had expired. I asked to reapply and I said I would like around $18,500 and I made sure I told the person I paid off the loan. She came back within seconds and said "they want to counter offer pre-approval for up to $22,000" I said sure. I thought she made a mistake when she said 3.49%. I know the paid off loan did not have time to hit the credit bureaus yet. The sent the check FEDEX and bought my wife a Kia Soul last night!
You did things right. Way to go.......sell the car outright and get yourself a better deal. Patience wins out. Good job, and congrats. Hope your wife enjoys her new ride.
02-21-2012 07:08 PM
Would NFCU not finance you, and if not why?
Question...what was your score at the time you applied for the car loan, was it the numbers mentioned from October 09?
I ask becasue I am wanting to apply for a car loan and get preapproved before going to the dealership. Also tryint to decide if I should apply for the CR Visa at the same time or before the car loan. My current fico EQ is 644, my TU and EX are in the 700's.
I have been working with Lexington Law, but I am about to fire them, they take their time to get more money out of me. I disputed an item on my own and it was removed in about 2 weeks, LL takes forever!
Any advice out there is greatly appreciated.
02-21-2012 07:18 PM
I am new to the community and have been reading the post, this is a great place to obtain MUCH knowledge, as it relates to credit.
Question...I am wanting to apply for a car loan and get preapproved before going to the dealership. My current fico EQ is 644, my TU and EX are in the 700's.
I currently drive an 06 Sonata, and want to trade it in for the 2011 or 2012 Limited, fully loaded.
Any advice out there is greatly appreciated.
02-22-2012 10:51 AM
02-23-2012 06:15 PM
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