05-08-2013 05:44 AM
I purchased last year through Wells Fargo Dealer Services.
My current loan is 15 months old, no lates. 20% interest, payments $298/month. I owe $10,158.
My Fico scores (Mortgage lender pull) are 621, 634, and 664. Yesterday at the dealership they pulled my credit and my TU was 590. Are they using a different scoring model? I have a past reposession from 2008. But my recent (last 2 years) loan/lines of credit have a perfect payment history
I really want to get out of this car (starting to act funny) and get a lower interest rate. Will I have to wait? Pay off the old repo? VW Credit said they wanted me to have a co-signor which is not an option. Any ideas/suggestions would be great.
05-09-2013 07:46 AM
05-09-2013 01:48 PM
05-17-2013 06:03 AM
I have some commissions coming in soon with my job, so I am going to wait until I have a significant down payment. I really really like the new Kia's, and the rebates/rates they are offering are awesome. But to qualify for them he said you need atleast a 640..which as I stated earlier my TU Auto Enhanced Fico is only showing a 590. Credit scoring is so insanely frustrating. The good news is, the old repo I have, the original lender agreed if I settle with them for $2500, they will remove the repo and re-report the tradeline as closed/paid as agreed...which would probably give me a HUGE boost both for my auto purchase desire, and my credit health in general. I may just keep my current car until I can get that straightened out.
Thanks for the advice everyone.
05-17-2013 03:34 PM
Hello! I would take them up on that 2500 dollar deal Asap because you will pay way more than that in interest for years to come with that low of an AUTO enhanced score.
What's up with the house?
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