Reply
Established Member
striper
Posts: 16
Registered: ‎10-15-2008

Re: Auto Loan Approvals!

Why would you have to work hard to get that deal?  You've got some good scores!
New Member
RavRider
Posts: 3
Registered: ‎01-28-2009

Re: Auto Loan Approvals!

Well, they weren't ALWAYS this good...I had my head in the sand for a few years, hoping that if I ignored my problems they'd just go away. WHOOPS. When I faced it, I cleaned the whole mess up PLUS in about 3 years.
Member
Champ057
Posts: 9
Registered: ‎11-12-2008

Re: Auto Loan Approvals!

APPROVING BANK: BOA DOD Community Bank
BUREAU PULLED: EQ
CREDIT SCORE: 739
CUSTOMER STATE OF RESIDENCE: Military Overseas Germany
NEW/USED: New
YEAR OF VEHICLE: 2009
MAKE: VW
MODEL: Passat CC Luxury
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32989
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 4.59%
MONTHLY PAYMENT: 616
MISCELLANEOUS COMMENTARY: First new car ever purchased I was very nervous buying a new car however through the military sales program all prices were set and saleslady very helpfull during the entire process. 
FICO JAN 09 TU 736 / EQ 753 / EX 704?
Regular Contributor
tiger20
Posts: 219
Registered: ‎05-01-2008

Re: Auto Loan Approvals!

APPROVING BANK: Roadloans
BUREAU PULLED:
TU
CREDIT SCORE: 555
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: Used
YEAR OF VEHICLE: 2004
MAKE: Jeep
MODEL: Grand Cherokee
MILEAGE: 44,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN:11000.00
TERM CONTRACTED: 36 Months
APR/LEASE RATE: 21.00%
MONTHLY PAYMENT: 606.26
Comments:  Yeah it sucks but I can afford it and I needed a vehicle. 

Starting Score: 510
Current Score: 621
Goal Score: 720


Take the FICO Fitness Challenge


" A man can fail many times but he is not considered a failure until he begins to blame someone for his mistakes"

Author Unknown
New Member
RavRider
Posts: 3
Registered: ‎01-28-2009

Re: Auto Loan Approvals!

[ Edited ]

That's a great quote at the bottom of your post. Honest as hell. I have to start a company-mandated training program at work, and though I'm not new with my employer I'm in a new position which to say it nicely is stretching my capabilities into a new shape...made me think of coaching and counseling as we call it and my challenge to get people to take personal responsibility for the actions that brought them into my office, instead of sitting and talking about "Why doesn't so and so get in trouble? Why am I being picked on/singled out/etc."

 

Because I caught YOU in the act, is my answer.

 

Sorry everyone to be off-subject. Still loving my RAV. 

Message Edited by RavRider on 02-06-2009 10:15 PM
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008

Re: Auto Loan Approvals!

APPROVING BANK:GMAC Bank
BUREAU PULLED:Experian
CREDIT SCORE:620
CUSTOMER STATE OF RESIDENCE:Georgia
NEW/USED:New
YEAR OF VEHICLE:2008
MAKE:Chevrolet
MODEL:Impala
MILEAGE:33 miles
RETAIL/LEASE:Financed
AMOUNT OF LOAN:$25900
TERM CONTRACTED:72 months
APR/LEASE RATE:8.9%
MONTHLY PAYMENT:464.36
MISCELLANEOUS COMMENTARY:I had a trade in (03 Chev Malibu) owed $8k and only got $4k for trade in.So I added $4k to my new loan.
-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
New Contributor
Zahnrosen
Posts: 67
Registered: ‎12-11-2008

Re: Auto Loan Approvals!

APPROVING BANK: Capital One
BUREAU PULLED: All
CREDIT SCORE: 610 Auto Enhanced EQ
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: New
YEAR OF VEHICLE: 2009
MAKE: Nissan
MODEL: Altima
MILEAGE: 16
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 18,983 after 3k down
TERM CONTRACTED: 72
APR/LEASE RATE: 14.49%
MONTHLY PAYMENT: $404.79
MISCELLANEOUS COMMENTARY: The loan isn't the greatest but I got the dealer down on price a long way. I plan to refi the car asap into a better loan, probably 6 - 12 months.
Valued Contributor
Schoolbuskid
Posts: 1,926
Registered: ‎10-23-2007

Re: Auto Loan Approvals!

I thought GMAC announced that they would only be granting credit to those who were a 700 and higher,

or am i mistaken?

 


shalane85 wrote:
APPROVING BANK:GMAC Bank
BUREAU PULLED:Experian
CREDIT SCORE:620
CUSTOMER STATE OF RESIDENCE:Georgia
NEW/USED:New
YEAR OF VEHICLE:2008
MAKE:Chevrolet
MODEL:Impala
MILEAGE:33 miles
RETAIL/LEASE:Financed
AMOUNT OF LOAN:$25900
TERM CONTRACTED:72 months
APR/LEASE RATE:8.9%
MONTHLY PAYMENT:464.36
MISCELLANEOUS COMMENTARY:I had a trade in (03 Chev Malibu) owed $8k and only got $4k for trade in.So I added $4k to my new loan.

 

Valued Contributor
clocktick
Posts: 1,603
Registered: ‎12-07-2008

Re: Auto Loan Approvals!

[ Edited ]

 

APPROVING BANK: Hudson Valley Federal Credit Union (HVFCU)
BUREAU PULLED: Experian
CREDIT SCORE:  672 (Coincidentally, the highest of all three...by a lot)
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: New
YEAR OF VEHICLE: 2008
MAKE: Saab
MODEL: 9-3
MILEAGE: ---
RETAIL/LEASE: Retail
AMOUNT OF LOAN: ~$9970
TERM CONTRACTED: 60 months
APR/LEASE RATE: 7.8%
MONTHLY PAYMENT: $200.42
MISCELLANEOUS COMMENTARY:  [This happened 11/08]  This was with a trade-in, incentives and a hefty down payment.  This CU originally denied me until the dealer called them, unbeknownst to me, and convinced them that it's a win-win situation for them even if I were to default (small loan amount on a new car and will never be upside down).  I already paid off $2500 and plan on it being completely paid in less than a year.  My history shows 3 car loans all paid off with no lates and one current car loan, no lates.   Edited to add:  Paid off 8/13/09!

Message Edited by clocktick on 02-10-2009 09:56 AM
Message Edited by clocktick on 08-14-2009 05:22 AM
11/30/08 TU 648 EX 672 EQ 656 JUNE 2014 TU 779 EX 764 EQ 721
Amex BCP $24.1K/Clear $8.5- Barclays LLBean $15k/Sallie Mae $12.5 -Cap One QS $4 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




Starting Score: 648
Current Score: 736
Goal Score: 765


Take the FICO Fitness Challenge

Established Member
liquidlx
Posts: 11
Registered: ‎02-14-2008

Re: Auto Loan Approvals!

APPROVING BANK: Mid State Educators Credit Union
BUREAU PULLED: All three
CREDIT SCORE: Average score of 650
CUSTOMER STATE OF RESIDENCE:Ohio
NEW/USED:Used
YEAR OF VEHICLE:2007
MAKE:Hyundai
MODEL:Sonata
MILEAGE:35,000
RETAIL/LEASE:Refinance
AMOUNT OF LOAN:15,600
TERM CONTRACTED:60 months
APR/LEASE RATE: 5.95%
MONTHLY PAYMENT:Approx 320 per month. Close on Friday
MISCELLANEOUS COMMENTARY:
I originally purchased the car through citi financial and was approved at a rate of 15.8% back in august of 2007. After a year and a half of not missing a payment of 400$ a month, I applied for refinancing through road loans and was denied so fast it would make your head spin. Then I gave it one last shot and applied with a credit union and they approved me for 7.71% then I found an offer to lower it to 5.95% with automatic payment deductions.  I am really happy~ If your trying to refinance. Keep trying!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+