Reply
Regular Contributor
dpechal
Posts: 148
Registered: ‎05-15-2012
0

Re: Auto Loan Approvals!

APPROVING BANK: NFCU
BUREAU PULLED: EX
CREDIT SCORE: 710,710,713
CUSTOMER STATE OF RESIDENCE: (STATIONED OVERSEA'S BUT IT WOULD BE NEW MEXICO)
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: SUBARU
MODEL: WRX STI SEDAN
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $33,000
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 2.79%
MONTHLY PAYMENT: $501 (IF I PUT $0 DOWN)
ANNUAL INCOME: $36,000
DEBT TO INCOME RATIO: <5
MISCELLANEOUS COMMENTARY:  In the military, having no bills helps out alot, app'd for 6 credit cards in one month prior to applying, over 100k in avail. credit.

***$25,500******$20,000******$20,000******$20,000******$15,000********NPSL****

New Member
Jrubizov
Posts: 10
Registered: ‎10-16-2013
0

Re: Auto Loan Approvals!

Apr 11.9% monthly payment 645 and term 56 months
New Member
rjg09c
Posts: 3
Registered: ‎10-16-2013
0

Re: Auto Loan Approvals!

APPROVING BANK: CapOne
BUREAU PULLED: Equifax
CREDIT SCORE: 654
CUSTOMER STATE OF RESIDENCE:Florida
NEW/USED:New
YEAR OF VEHICLE:2014
MAKE:Ford
MODEL:Mustang
MILEAGE:0
RETAIL/LEASE:Retail
AMOUNT OF LOAN:26,000 and some change
TERM CONTRACTED:72
APR/LEASE RATE:6.55%
MONTHLY PAYMENT:450.00
ANNUAL INCOME:54,000
DEBT TO INCOME RATIO:10%
MISCELLANEOUS COMMENTARY:First-Time Buyer! Pretty Excited... I understand the APR can be lower but my plan is to refinance in a year.



Starting Score: 692
Current Score: 734
Goal Score: 800


Take the myFICO Fitness Challenge
Established Contributor
tonyjones
Posts: 527
Registered: ‎04-22-2013
0

Re: Auto Loan Approvals!

[ Edited ]

APPROVING BANK: Honda Financial (they got me financed through Chase)
BUREAU PULLED: EX
CREDIT SCORE: 631
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Honda
MODEL: Civic Si Coupe
MILEAGE: 10,242
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $21,000
TERM CONTRACTED: 48 Months
APR/LEASE RATE: 6.00%
MONTHLY PAYMENT: $493
ANNUAL INCOME: $90,000
DEBT TO INCOME RATIO: <15
MISCELLANEOUS COMMENTARY:  I got denied at Chase, US Bank, Capital One, and Bank of America. Wells fargo approved me for only $15,000 @ 19% APR lol, my local credit union approved me up to $20,000 but I had to put 40% down (**bleep**). This is my first auto loan and oh man it feels good! The car is wonderful! Having decent credit is priceless.


Gardening from July 2014 ... to September 2016
      
Established Member
canondvd
Posts: 10
Registered: ‎02-19-2013
0

Re: Auto Loan Approvals!

[ Edited ]

APPROVING BANK:  BCU (Baxter Credit Union)
BUREAU PULLED: EX
CREDIT SCORE: EX 644, TU 659, EQ 591
CUSTOMER STATE OF RESIDENCE: Illinois
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Hyundai
MODEL: Elantra GLS w/ package & other accessories.
MILEAGE: 20
RETAIL/LEASE: Retail Purchase
AMOUNT OF LOAN: $17,219 ($2K down)
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 8.25%
MONTHLY PAYMENT:  $353.57
ANNUAL INCOME: 33K
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Spent 9 months cleaning up credit as best I could before purchase.  Opened a secured credit card with them 8 months ago.  Completed a $250/month secured loan to bring credit up.  Brought up scores from the very low 500's in January.  After 6 payments they should refinance me dropping it by 4-5 points. After 3 car payments I will qualify for an unsecured credit card.

Member
Mikey41
Posts: 16
Registered: ‎09-17-2013
0

Re: Auto Loan Approvals!

Congratulations. I won't advise you to refinance so soon after six months; I advise making 12 monthly on time payments then refinance and check your score before you refinance ; they might tell you now you can refinance in 6 months but it might jt be a much better rate. Don't look at a $10 a month saving; try increase the score so you'll save more money!
All the best.
Regular Contributor
James82
Posts: 194
Registered: ‎08-23-2013
0

Re: Auto Loan Approvals!

APPROVING BANK: BFG FCU
BUREAU PULLED: EQ
CREDIT SCORE: 714
CUSTOMER STATE OF RESIDENCE: Ohio
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Chrysler
MODEL: Town & Country Touring-L
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $35,000
TERM CONTRACTED: 72 Months
APR/LEASE RATE: %2.09 (%2.34 with a .25 discount for direct debit)
MONTHLY PAYMENT: $518
ANNUAL INCOME: $95k
DEBT TO INCOME RATIO: <%20
MISCELLANEOUS COMMENTARY: This was a pre-approval that is good for 90 days. Still shopping around and trying to find the best end of year deal I can find. DTI includes our current vehicle loan. Will probably be around %20 with new loan. I missed the %1.99 top tier by 26 points. I'm still EXTREMELY happy with the rate.
Starting Score: EQ 574 - 08.28.13
High Score: EQ 714 (10/18/13) EX 686 (1/6/14) TU 664 (1/6/14)
Current Score: EQ 686 - EX ____- TU ____

            
New Member
La628
Posts: 2
Registered: ‎08-15-2013
0

Re: Auto Loan Approvals!

APPROVING BANK: fifth third
BUREAU PULLED: tu
CREDIT SCORE: 692
CUSTOMER STATE OF RESIDENCE: pa
NEW/USED: used
YEAR OF VEHICLE: 20
MAKE: honda
MODEL: pilot ex-l
MILEAGE:
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $13200
TERM CONTRACTED: 63
APR: 5.89
MONTHLY PAYMENT: $288
ANNUAL INCOME:
DEBT TO INCOME RATIO:
8-28-13 - Ex. 580, Eq. 628, TU. 613
New Member
Meridion
Posts: 1
Registered: ‎10-21-2013
0

Re: Auto Loan Approvals!

[ Edited ]

APPROVING BANK: Chrysler Capital
BUREAU PULLED: Experian
CREDIT SCORE: 645
CUSTOMER STATE OF RESIDENCE: WA
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Dodge
MODEL: Journey
MILEAGE: 20
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $23,509.77
TERM CONTRACTED: 72
APR/LEASE RATE: 15.19%
MONTHLY PAYMENT: 499.54
ANNUAL INCOME: $35,600
DEBT TO INCOME RATIO: 3%
MISCELLANEOUS COMMENTARY: Bankruptcy discharged in August 2013. Had 16.12% on hand through RoadLoans.com but the dealer got me a little better. 

New Member
rjg09c
Posts: 3
Registered: ‎10-16-2013
0

Re: Auto Loan Approvals!

I was able to secure financing through Ford Motor Credit at 2.9%, which beat my outside financing. Good Luck to all! This forum was extremely helpful during my loan shopping process. Regards


Starting Score: 692
Current Score: 734
Goal Score: 800


Take the myFICO Fitness Challenge

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
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}