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?
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.
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.