Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 10
Registered: ‎11-19-2011
0

Capital One Blank Check - Approved!

[ Edited ]
 
Super Contributor
Posts: 9,668
Registered: ‎01-28-2010
0

Re: Capital One Blank Check - Approved!

 

Congrats on the approval !!   Do you know if Capital One pulled all three CRs for your approval ?

 

Most lenders give you a better interst rate for new cars because older cars may represent a higher risk to loan money against, as they may incur more repairs, depreciation, etc...

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Established Member
Posts: 10
Registered: ‎11-19-2011
0

Re: Capital One Blank Check - Approved!

[ Edited ]
 
Super Contributor
Posts: 9,668
Registered: ‎01-28-2010
0

Re: Capital One Blank Check - Approved!

 

The good news is that as you pay down your CC debt, your FICO score will improve as your utilization decreases, so hopefully this means you get a better deal when you pull the trigger on a new car.

 

Most lenders will accept payments against the principal, but be sure to read the fine print of your contract before you sign, because there may be some an exception, based on the timing and method of your payment, such as if you send it in seperately versus including additional monies in your monthly remittance.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Frequent Contributor
Posts: 315
Registered: ‎05-28-2011
0

Re: Capital One Blank Check - Approved!


pizzadude wrote:

 

The good news is that as you pay down your CC debt, your FICO score will improve as your utilization decreases, so hopefully this means you get a better deal when you pull the trigger on a new car.

 

Most lenders will accept payments against the principal, but be sure to read the fine print of your contract before you sign, because there may be some an exception, based on the timing and method of your payment, such as if you send it in seperately versus including additional monies in your monthly remittance.


+1

TU Auto enhanced FICO (9/2012): 744
EX FICO (8/2012): 748
EX FICO (6/2010): 739
Established Member
Posts: 10
Registered: ‎11-19-2011
0

Re: Capital One Blank Check - Approved!

[ Edited ]
 
Member
Posts: 33
Registered: ‎11-27-2011
0

Re: Capital One Blank Check - Approved!

OP if you don't mind me asking, what is your annual income?


Starting Score: 679
Current Score: 721
Goal Score: 800


Take the FICO Fitness Challenge
Established Member
Posts: 10
Registered: ‎11-19-2011
0

Re: Capital One Blank Check - Approved!

[ Edited ]
 
Established Contributor
Posts: 855
Registered: ‎10-04-2010
0

Re: Capital One Blank Check - Approved!

Congratulations on your loan. I was also approved for a CapOne blank check but I did some online research and found a few too many complaints from individuals with CapOne auto loans. I ended up going with my local CU, got a better interest rate and great service. It will be great to have your CapOne blank check as back up when you go car shopping but you may be able to get a better interest rate from your local CU or the car dealer. Remember that inquires within a 14 day period for the same type of loan only counts as 1 inq as far as your FICO score is concerned. Makes considering looking for other options tempting!



BK in 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Gold Delta Skymiles ($25,000) --- GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)--- Discover IT ($28,000)

Experian 741 Transunion 752-- July 2016
New Member
Posts: 8
Registered: ‎12-23-2011
0

Re: Capital One Blank Check - Approved!

[ Edited ]

eugenepark81 wrote:

I'll be applying with Capital One again when the time comes.  Is there any fine print that I should be aware of before moving forward with a Capital One Blank Check loan?

 

-Eugene


(For anyone who is actually still looking at this thread)

 

Yes; the blank check can only be used at dealers authorized to use it found via their dealer locater at the Capital One website.

 

http://applications.capitalone.com/jsp/dealerlocator/

 

Dealers not listed in their database will not accept the check and cannot use it. You can always call their customer service department (from one of the documents you get in the mail when the blank check arrives) just to confirm the dealership's status.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.