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Regular Contributor
Posts: 205
Registered: ‎09-27-2008
0 Kudos

DCU NO CREDIT Data Point Share

I'm on these boards usually in the rebuild section but I was asked by my Godsister to help her purchase her first car. Came to the trusty boards and this is where we ended:


About her:


No credit - No Score - No Cosigner

$1,600 income


About the car:

2012 Nissan Altima

$9,500 Base cost

$10,775 Out the door

$12,500 value


Finance Terms:


$9,500 Approved

$3,000 Planned Down Payment



$8,620 Loan

$2,155 Down payment


65 Months

6.24% Interest rate

$157 a month payment


Car Insurance:

2 cars (nissan + jalopy), 2 drivers with more than basic liability, comp/collision $120 a month

Starting Scores: September 2015 - 500 across the board
Current Scores: June 2017 EQ: 697 TU: 695 EX: 690

In My Wallet:
Cap1 QS: $4K - AMEX BCP: $4.2K - Old Navy Visa: $5K - SDCCU: $1.5K - VS $500 (FTW!)
BofA AU: $12K AMEX AU: $15K
Posts: 100
Registered: ‎05-15-2016
0 Kudos

Re: DCU NO CREDIT Data Point Share

Congratulations to her


Question for you: Did they require her to show proof of income (W2s, pay stubs, bank statements, etc)? Thanks in advance

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