cancel
Showing results for 
Search instead for 
Did you mean: 

Auto Loan Approvals!

tag
alexl22
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK:Members 1st FCU
BUREAU PULLED:Transunion
CREDIT SCORE:675
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: Used
YEAR OF VEHICLE: 2009
MAKE: Hyundai
MODEL: Elantra gls
MILEAGE: 93k
RETAIL/LEASE Retail:
AMOUNT OF LOAN: 8.6k
TERM CONTRACTED: 60
APR/LEASE RATE: 3.89%
MONTHLY PAYMENT: 160.00
ANNUAL INCOME:30k
DEBT TO INCOME RATIO: 11%
MISCELLANEOUS COMMENTARY: So this is the first car I have ever bought, I've always driven hand me downs from my family, I am also a recovering addict with 2 years clean at 31 so I am basicaly still a child lol. I started cleaning up my credit back in May and my scores were mid-500's across the board. Now they are mid to high 600's. Was driving a 2003 Jeep Grand Cherokee and it was killing me on gas. Never thought I would be able to buy a new(to me) car the way my life was headed. I have truely started to turn my life around, and credit wise wouldnt have been able to do it without these boards!

Starting Score: myFICO TU: 542, myFICO EQ: 556 EX: 549 (03/2013)
Current Score: 729 TU, EQ: 702, EX 724

Message 1901 of 4,736
blunderer
Established Contributor

Re: Auto Loan Approvals!

Congrats on your first auto purchase! 


More importantly, CONGRATULATIONS on being 2 years clean and sober!!!!  Stay encouraged and keep moving upward.

 

Enjoy your new car Smiley Wink

Message 1902 of 4,736
zeigler
Member

Re: Auto Loan Approvals!

APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 643
CUSTOMER STATE OF RESIDENCE:GEORGIA
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: TOYOTA
MODEL: CAMRY
MILEAGE: 9
AMOUNT OF LOAN: 22,999
TERM CONTRACTED: 72
APR/LEASE RATE: 3.29
MONTHLY PAYMENT: 348
ANNUAL INCOME: 40,000

CURRENT: TU 751 EQ 707 EX 746

GOAL: 800 ON ALL 3
Message 1903 of 4,736
zeigler
Member

Re: Auto Loan Approvals!

APPROVING BANK: NFCU

BUREAU PULLED: EQ

CREDIT SCORE: 643

CUSTOMER STATE OF RESIDENCE:GEORGIA

NEW/USED: NEW

YEAR OF VEHICLE: 2013

MAKE: TOYOTA

MODEL: CAMRY

MILEAGE: 9

AMOUNT OF LOAN: 22,999

TERM CONTRACTED: 72

APR/LEASE RATE: 3.29

MONTHLY PAYMENT: 348

ANNUAL INCOME: 40,000

CURRENT: TU 751 EQ 707 EX 746

GOAL: 800 ON ALL 3
Message 1904 of 4,736
ddk369
Member

Re: Auto Loan Approvals!

APPROVING BANK: ALLY/GMAC

BUREAU PULLED: EX

CREDIT SCORE: 625

CUSTOMER STATE OF RESIDENCE:NJ

NEW/USED: USED

YEAR OF VEHICLE: 2008

MAKE: BMW

MODEL: 328I

MILEAGE: 73000

AMOUNT OF LOAN: 10,000

TERM CONTRACTED: 60

APR/LEASE RATE: 7.99

MONTHLY PAYMENT: 225

ANNUAL INCOME: 50,000 

 

First car loan. couldn't be happier. Right now i'm in my final year of college while working as a co-op 12 months for a large petrochemical company, hopefully be able to pay it off when I graduate with a job. Dealers worked through for me and helped me seal the deal on my bday. This forum was also very helpful!

CCs: Discover IT 5K/Chase Rewards 3K->7.5K/Cap One Journey 2K->8K/AMEX Gold/CITI Corporate 25K
Auto: Ally Bank 6%/60 (07/13)
Scores:
CK/Fico EQ: 600/590s (07/13)
CK 698/EX+ 720/EQ+ 700/TU 710 (04/14)

Goal: FICO ALL 3 700+ (07/14)
Current: EQ 708/TU 710 (06/16)

Message 1905 of 4,736
quanva
Member

Re: Auto Loan Approvals!

APPROVING BANK: USAA/Bank Of America
BUREAU PULLED: EQ
CREDIT SCORE: 688
CUSTOMER STATE OF RESIDENCE: VA
NEW/USED: USED (Refi)
YEAR OF VEHICLE : 2008
MAKE: VW
MODEL: Touareg
MILEAGE: 55K
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $25,779
TERM CONTRACTED: 48
APR/LEASE RATE: 4.9/3.1
MONTHLY PAYMENT: $625
ANNUAL INCOME: $185K (wife is SAH while i'm overseas)
DEBT TO INCOME RATIO: 14% 
MISCELLANEOUS COMMENTARY: Orginally brought this vehicle last yr @ a 13.2% during which my credit was taking a beating from buying a home and being unemployed, So to fix things i took a gig here in afhganistan to "speed up" the credit fixing process, i applied for a ref with BOA in may to which i was denied, A few CLI and new accounts, paid some off and i have this offer..Not bad for 7 months for work in the sandbox


Amazon rewards visa: 5000 | UA Club 12000 | USAA Amex 1500 | Local CU Visa 5500 | Local CU Visa secured 500 | Best Buy MC 500(ugh) | Sears 2000 | USAA MC 750 | BOA Privileges 6000 | Hilton Surpass Amex 8000 | Navy fed Plat 25000 | CSP 6000
Bank Of america Auto Loan : 25k | USAA Auto Loan : 14k | Bank of America Mortgage : 164k | TU:688 Ex: 646 EO: 700
In The Garden
Message 1906 of 4,736
KaylaKML
New Member

Re: Auto Loan Approvals!

APPROVING BANK: Beacon Mutual
BUREAU PULLED: Experian
CREDIT SCORE: 636
CUSTOMER STATE OF RESIDENCE: Ohio
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Ford
MODEL: Focus SEL HB
MILEAGE: 37000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 11890
TERM CONTRACTED: 72 (only way to get approved paying off in 2 years)
APR/LEASE RATE: 7.45!!!!
MONTHLY PAYMENT: 204.00
ANNUAL INCOME: 12000.00
DEBT TO INCOME RATIO: 13%
MISCELLANEOUS COMMENTARY: Got a great deal from a great credit union! They knew my family and didnt base it on my credit score being low from recent inquiries and limited history.
Message 1907 of 4,736
thirst305
New Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Partners FCU
BUREAU PULLED: EX
CREDIT SCORE: 657
CUSTOMER STATE OF RESIDENCE:  CA
NEW/USED: Used
YEAR OF VEHICLE: 2007
MAKE: Porsche
MODEL: 911 Turbo
MILEAGE:  19,000 
RETAIL/LEASE:   Purchase
AMOUNT OF LOAN:  88,000
TERM CONTRACTED: 72
APR/LEASE RATE: 3.99%
MONTHLY PAYMENT:  1,390
ANNUAL INCOME:  250,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:  Matched from a quoted APR from a different CU.  

Ch7 BK discharged 3/2009
Bloomies (10/99): 4k Alliant (8/10): 4k
SCEFCU Visa (9/12): 6k SCEFCU auto (9/12): 22k
Barclays Apple (10/11): 5k iTunes: 3k SLM: 15k
Amazon (8/12): 15k Walmart store (9/12): 6K
Partners (9/12): 20k CapOnex2 (1/10): 10k Discover IT (3/13): 5k
SDFCU: 20k Amex BCE: 8k
Message 1908 of 4,736
2011beginnings
Frequent Contributor

Re: Auto Loan Approvals!

APPROVING BANK: PenFed
BUREAU PULLED: EQ
CREDIT SCORE: 735
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2011
MAKE: Honda
MODEL: Accord
MILEAGE: 32000
RETAIL/LEASE: Purchase
AMOUNT OF LOAN: 20,000
TERM CONTRACTED: 60
APR/LEASE RATE: 1.74%
MONTHLY PAYMENT: 300ish
ANNUAL INCOME: 35,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: First auto loan and my birthday is next month. Smiley Happy
PenFed AMEX: $5500 | AMEX BCE: $8300 | AMEX E: $5000 | BofA BBR: $5000 | Discover It: $6500 | CSP: $11500 | CF: $5500 | Citi DIVIDEND: $5700 | CITI TYP: $4600 | BofA CR: $7500 | CAP ONE Q: $3000 |

TU: 722 / EX: 763 / EQ: 735
Message 1909 of 4,736
Pharoe33
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK:Navy Federal Credit Union
BUREAU PULLED:Equifax
CREDIT SCORE:648
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: Used
YEAR OF VEHICLE: 2006
MAKE: Chevy
MODEL: Corvette Z06
MILEAGE: 30,000
RETAIL/LEASE Retail:
AMOUNT OF LOAN: 45,000
TERM CONTRACTED: 72
APR/LEASE RATE: 6%
MONTHLY PAYMENT: 711.00
ANNUAL INCOME: 110,000k
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: Easiest process ever! I applied for a pre approval Auto loan and requested 45,000. I was conditionally approved the next business day and NFCU requested proof of income. I later called back the next day and was approved. I went to the dealership and NFCU faxed over a letter of approval. The next day I recieved all documents and check from NFCU and thats was it. NFCU has been VERY good to me.

Message 1910 of 4,736
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.