Auto Loan Approvals!
APPROVING BANK: Santarder(Roadloan)
BUREAU PULLED:
CREDIT SCORE:673 when he pull on EQ 620
CUSTOMER STATE OF RESIDENCE: SC
NEW/USED:USED
YEAR OF VEHICLE:2009
MAKE:Honda Ac
MODEL:4D
MILEAGE:42000
AMOUNT OF LOAN:18000
TERM CONTRACTED:72
APR/LEASE RATE:20.9
MONTHLY PAYMENT:422
ANNUAL INCOME:60000
MISCELLANEOUS COMMENTARY:My Friend is first time car buyer. he has 3 collections and 2 CO. it been 5 year ago.But when dealer pulled his credit report and they said no one can give him a loan but Santarder.BC he has credit but very limit ! and i dont know how they check his credit but did not see any CO and collections.he has 4 credit card at that time. but they see only 1 ???? may be he disputing with EQ in his credit report at that time. ??? i dont know what happened with that dealer........
Starting Score: 10/14/2012 EQ702
Starting Score: 637
Starting Score: 600
scenery_guy wrote:APPROVING BANK: Chase
BUREAU PULLED: EQ
CREDIT SCORE: 765
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: NEW
YEAR OF VEHICLE: 2012MAKE: Range RoverMODEL: Evoque coupe
MILEAGE: 48
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $23,600 after $25,000 down
TERM CONTRACTED: 60
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $417ANNUAL INCOME: 86,000 to 105,000 (varies yearly)
MISCELLANEOUS COMMENTARY: Needed (or wanted) a new car and had cash for down I had saved for years while driving my beater pick up truck. Tried B of A and was declined (I have personal and business checking with major balances there). Tried a local credit union and was approved for 2.49%. Called dealer to set up test drive and purchase and they wanted to see if they could get me a better rate. I was fully expecting a decline but I was approved in less than a minute. Signed papers and drove the car to B of A for cashiers check for down (that felt good). I am doubling up on payments for next few months so I can get ahead of the note in case I need a break at some point but payment so low it's really not a problem.
Thanks for all the great advice posted here, everyone has been a huge help in getting me on a better path!
Congrats big time. And this is just me, but the next check I would write would be to empty my BoA accounts and put them where you are treated like a valuable customer. They refused to give me a Bass Pro Visa a few years ago while I was rebuilding(680+ Fico). Cabelas stepped up to the plate, and that's where I do most of my business even though there is not a store anywhere near me. I feel the same way about Cap1, only worse. Much worse..
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