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Auto Loan Approvals!

Valued Contributor

Re: Auto Loan Approvals!

Ahhhh...my fav vehicle was my wrangler! We had 10 great years together! Enjoy it! 

BK 5-2012 Revolving Rebuild Started 6-2016
AMEX ED, Delta & SPG | BOA CR | PenFed PR & CR | NFCU FS | Discover IT | Cap1 QS & VENTURE | LOWES | Barclays AVIATOR

Message 3761 of 3,820
New Visitor

Re: Auto Loan Approvals!

Hey u mentioned that u updated your address with chase.

Did u do online or did u call?
I'm reading a lot of complaints about updating address. What was the process?
Message 3762 of 3,820
Valued Member

Re: Auto Loan Approvals!

 

 

Loan from the dealership

 

APPROVING BANK: Westlake Financial
BUREAU PULLED: All 3
CREDIT SCORE: 573
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 22,590
TERM CONTRACTED: 60
APR/LEASE RATE: 22.99
MONTHLY PAYMENT: $572
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 9% at the time 
MISCELLANEOUS COMMENTARY: Few baddies left from repairing credit

 

Refinanced after all my baddies were removed Smiley Happy

 

APPROVING BANK: Seattle Metropolitan CU 
BUREAU PULLED: Experian
CREDIT SCORE: 653
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23,595
TERM CONTRACTED: 60
APR/LEASE RATE: 8.99%
MONTHLY PAYMENT: $495
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 21% at the time 
MISCELLANEOUS COMMENTARY: Clean report, thin file AAoA 7 months, 

Message 3763 of 3,820
Community Leader
Valued Contributor

Re: Auto Loan Approvals!


Beastmode3 wrote:

 

 

Loan from the dealership

 

APPROVING BANK: Westlake Financial
BUREAU PULLED: All 3
CREDIT SCORE: 573
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 22,590
TERM CONTRACTED: 60
APR/LEASE RATE: 22.99
MONTHLY PAYMENT: $572
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 9% at the time 
MISCELLANEOUS COMMENTARY: Few baddies left from repairing credit

 

Refinanced after all my baddies were removed Smiley Happy

 

APPROVING BANK: Seattle Metropolitan CU 
BUREAU PULLED: Experian
CREDIT SCORE: 653
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23,595
TERM CONTRACTED: 60
APR/LEASE RATE: 8.99%
MONTHLY PAYMENT: $495
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 21% at the time 
MISCELLANEOUS COMMENTARY: Clean report, thin file AAoA 7 months, 


Congrats on ridding yourself of the negative info on the credit reports and even more so on the nice APR reduction!

Message 3764 of 3,820
New Contributor

Re: Auto Loan Approvals!


padme wrote:

APPROVING BANK: ALLY
BUREAU PULLED: TU
CREDIT SCORE: 662
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Honda
MODEL: Civic Type R 
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 25,000
TERM CONTRACTED: 60 M
APR/LEASE RATE: 3.95%
MONTHLY PAYMENT: 460
ANNUAL INCOME: 73k
DEBT TO INCOME RATIO:30%
MISCELLANEOUS COMMENTARY: 4 Years post BK7, no auto loans prior since BK, 108k in CL's across 15 cards, 10% CU.


How in the world did you get a Type R with a loan for $25k? Did you pay the other 8-10k out of pocket? It's a beautiful car and I really would like to get one next year when my current lease is up. You're payments are exactly what I'd be comfortable with lol

TU FICO 8 as of 7/2016 = 606 | TU FICO 9 as of 7/2016 = 660 | TU FICO 4 as of 7/2016 = 657 | GOAL: 760+
Message 3765 of 3,820
New Contributor

Re: Auto Loan Approvals!

Crickets sounds..Is anybody getting any auto loans lately? Or Are you guys waiting for the 2018 to come out and get deals of 2017-2016 still on the lots.

Starting FICO scores 5/2017--- 580 EQ/ 531 TU/535 EXperian

As of 11/01/17 Curent FICO ----683 EQ/ 646 TU/ 666 Experian
Message 3766 of 3,820
Established Member

Re: Auto Loan Approvals!

APPROVING BANK: First Tech CU
BUREAU PULLED: Experian
CREDIT SCORE: 827
CUSTOMER STATE OF RESIDENCE: Oregon State
NEW/USED: NEW
YEAR OF VEHICLE: 2017
MAKE: Toyota
MODEL: 4Runner Limited
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 24,670
TERM CONTRACTED: 84
APR/LEASE RATE: 3.5
MONTHLY PAYMENT: $331
ANNUAL INCOME: 92,000
DEBT TO INCOME RATIO: 15% at the time 
MISCELLANEOUS COMMENTARY: I had a 2012 4Runner for trade in, got $25,000 for it. Paid the balance left (about $6900) and the rest I've put down for the new one.

The MSRP was $45,000 but I've got it down to $42,470 + docs (no sales tax in Oregon).

Message 3767 of 3,820
Established Member

Re: Auto Loan Approvals!

APPROVING BANK: ToYota Motor Credit
BUREAU PULLED: EQ/TU
CREDIT SCORE: 624/637 auto score 8
CUSTOMER STATE OF RESIDENCE: Virginia
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Toyota
MODEL: RAV4 XLE AWD
MILEAGE: 40
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32561
TERM CONTRACTED: 72
APR/LEASE RATE: 5.9
MONTHLY PAYMENT: 572.00
ANNUAL INCOME: 108450
DEBT TO INCOME RATIO: .022
MISCELLANEOUS COMMENTARY: Will make larger payments and payoff sooner. Better rate than I thought, though regular fico scores are 615/657


Starting Score: 410
Current Score: 619 EQ, 648 TU, 611 EX
Goal Score: 720


Take the myFICO Fitness Challenge
Message 3768 of 3,820
New Contributor

Re: Auto Loan Approvals!

I'm also looking to get approved for about 40k as well. My scores are approaching 700. I've read lots of folks NexGen is higher than expected, especially higher than 3 bureaus. Was yours higher? Also i read where they're switching to FICO 09 scoring. Was your 661 the same when you got membership? 

Message 3769 of 3,820
New Member

Re: Auto Loan Approvals!

APPROVING BANK: PenFed
BUREAU PULLED: EQ
CREDIT SCORE: 805 They pulled the new Fico 9 score which was my highest scoring.
CUSTOMER STATE OF RESIDENCE: OR
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Land Rover
MODEL: All new Discovery
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 58,000
TERM CONTRACTED: 72 M
APR/LEASE RATE: 3.25% their current lowest rate for a 72m
MONTHLY PAYMENT: 887
ANNUAL INCOME: 110k joint
DEBT TO INCOME RATIO:12%

They also approved us for their PenFed Power cash rewards card with a limit of $37,000!!! Wow our next highest limit is $11,000 with capital one travel rewards so I wasn't expecting such a high limit. Also, this is our 2nd auto loan with PenFed (paid off)
Message 3770 of 3,820