10-09-2012 08:24 AM
HSTV wrote:APPROVING BANK: Wells Fargo Dealer Services
BUREAU PULLED: TransUnion
CREDIT SCORE: 555
CUSTOMER STATE OF RESIDENCE: CA
YEAR OF VEHICLE: 2011MAKE: LEXUSMODEL: IS250
AMOUNT OF LOAN: 27,700
TERM CONTRACTED: 72
APR/LEASE RATE: 8.79%
MONTHLY PAYMENT: $497ANNUAL INCOME: $72,000
MISCELLANEOUS COMMENTARY: I had a BK discharged 7 months ago. I tried Lexus financial, but they would only approve 20K at 17%, even though I am repeat customer. Went to Carmax, 3 lenders were 15% + , but Wells came in at 8.79%. So I drove off with a payment under $500. In contrast, 5 years ago with tier 1, through Toyota Financial I had a 5.9% on a camry. So can't complain.Pre-BK TU: 690BK discharged: Feb 2012Current: TU: 555
Wow. Congrats. I have the same income, TU: 621, EQ:600, AND EX: 589 with one baddie on my report and can't get an approval from WFDS, even with a large downpayment.
Not to mention I work for them in techcology.
10-09-2012 09:17 AM
ds3 wrote:APPROVING BANK: VWBureau Pulled: Experian CREDIT SCORE: 675 Auto V8CUSTOMER STATE OF RESIDENCE: CANEW/USED: NewYEAR OF VEHICLE: 2013MAKE: VolkswagenMODEL: Passat TDI SEL PremiumMILEAGE: 15RETAIL/LEASE: Retail AMOUNT OF LOAN: $34300TERM CONTRACTED: 60 monthsAPR/LEASE RATE: 10.19% MONTHLY PAYMENT: $744ANNUAL INCOME: $93k
Update...my CU came in at 8.99. New pmnt of $665.
Update 2: Dealer came back with 7.9 and threw in a bunch of extras for $654 monthly. I went from a first offer of 20.99 at a different dealer to 7.9 in 2 days. The lesson I learned is shop around, which I have never done before.
10-11-2012 12:00 PM
10-11-2012 04:22 PM
10-12-2012 10:16 AM
10-12-2012 08:25 PM
10-13-2012 06:13 AM - edited 10-13-2012 06:14 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.