Capital One Auto - opinions/experiences

[Anonymous]

So, while awaiting a chapter 13 discharge, I rate shopped and was denied by COAF...that was 3/6...now that I'm officially discharged, should I try again? Only reason given in my denial letter was "presence of a bankruptcy'...just not sure if I want to get burned again...

[guydiver]

How does it show on your reports? 

[Anonymous]

Well, it doesn't show as 'discharged'...it shows my filing for the public record, and my accounts (included in the bk) all show IIB and zero balance.  Popular belief is that Cap 1 uses LexusNexis for public record info, I just don't know how long they take to update their info, or if it's instant once the discharge shows through the court records...

[flan]

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@Anonymous wrote:

Well, it doesn't show as 'discharged'...it shows my filing for the public record, and my accounts (included in the bk) all show IIB and zero balance.  Popular belief is that Cap 1 uses LexusNexis for public record info, I just don't know how long they take to update their info, or if it's instant once the discharge shows through the court records...

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Lexus/Nexis gets updates on a constant basis, a bankruptcy will show up pretty quick, becaues federal courts have decent electronic records, and L/N customers think bankruptcy is important...

[guydiver]

Sounds to me like they want it to be discharged.  Just me and IMHO,  but I wouldn't get too trigger happy until it does.  Pretty sure that goes for most lenders too.

[TRC_WA]

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@guydiver wrote:

Sounds to me like they want it to be discharged.  Just me and IMHO,  but I wouldn't get too trigger happy until it does.  Pretty sure that goes for most lenders too.

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It most certainly does.

I went car shopping within a few days of my discharge back in 2013... and every single one of my denials/conditional approvals said that proof of discharge must be supplied.

Wait till your reports are updated.