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Mega Contributor
Creditaddict
Posts: 18,832
Registered: ‎10-23-2007

Hyundai pulled EX and...

They pulled a 632 (Auto Enhanced)

My EX Fico is a 690.

 

so overall, not terrible (Well I mean it is pretty terrible but I guess not as terrible as I thought it could be... I'm not moving forward with them... they didn't seem to interested to try to make a deal (maybe because I did it online) but I have dealt with the guy before and had a great experience with the dealership so was a little surprised but he said "they" don't decide rate or approval, Hyundai does... and while some of that is true I don't buy for a second that they can't make loans go through, etc. and they woudln't even tell me a tier until I did income verification and I'm contract and they said they coudln't use that... I even sent them a recent summary showing my "TOTAL PAY" for last 5 months... he said we need a paystub that has tax deductions, etc.

I wasn't nasty but I wanted to be like which part of 1099 didn't you get... I pay taxes at end of year and we are not there yet :smileytongue:

 

anyway, all good :smileyhappy:

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Established Contributor
sccredit
Posts: 774
Registered: ‎09-14-2012

Re: Hyundai pulled EX and...

My experience is that Hyundai Finance is difficult to deal with if your Auto-Enhanced score is under 680.  

Mortgage $296k/$310k
Autos Loans $29k
Unsecured Lines $167.2k

Discover FICO 757
DCU FICO 744

Frequent Contributor
LearningMoreAboutCredit
Posts: 469
Registered: ‎11-08-2007

Re: Hyundai pulled EX and...


Creditaddict wrote:

They pulled a 632 (Auto Enhanced)

My EX Fico is a 690.

 

so overall, not terrible (Well I mean it is pretty terrible but I guess not as terrible as I thought it could be... I'm not moving forward with them... they didn't seem to interested to try to make a deal (maybe because I did it online) but I have dealt with the guy before and had a great experience with the dealership so was a little surprised but he said "they" don't decide rate or approval, Hyundai does... and while some of that is true I don't buy for a second that they can't make loans go through, etc. and they woudln't even tell me a tier until I did income verification and I'm contract and they said they coudln't use that... I even sent them a recent summary showing my "TOTAL PAY" for last 5 months... he said we need a paystub that has tax deductions, etc.

I wasn't nasty but I wanted to be like which part of 1099 didn't you get... I pay taxes at end of year and we are not there yet :smileytongue:

 

anyway, all good :smileyhappy:


Sorry about your experience...I always llke to treat auto purchases like buying a home...with a preapproved loan from my financial institution.  As you stated, "it's all good".



Any advice given is always YMMV...

Current FICOs: 730+ across the board | Goal: >760 FICO (1 down, 2 to go) | Total CLs: $56.8k/$60k Goal | Utilization: 9% | Last App: 05/01/2014 | INQ: EX: 10, EQ: 17, TU: 10, All Expire 06/2016; No Collections/Charge Offs/BK's | AAoA: 6yrs.
| All Reports Frozen!!! | No Apps til 12/2015 | Homeowner since: 06/28/13 | White Whales: CSP, Discover IT, Sallie Mae WMC
Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: Hyundai pulled EX and...

did they pull EX only? 

 

Do you have other auto loans / leases that are still open?

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Mega Contributor
Creditaddict
Posts: 18,832
Registered: ‎10-23-2007

Re: Hyundai pulled EX and...


enharu wrote:

did they pull EX only? 

 

Do you have other auto loans / leases that are still open?

 


Yes EX only

no open auto now that I paid off the turned in Infiniti Lease a bit ago

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Hyundai pulled EX and...

[ Edited ]

Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Mega Contributor
Creditaddict
Posts: 18,832
Registered: ‎10-23-2007

Re: Hyundai pulled EX and...


maiden_girl wrote:

Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.


I'm contract employee... that is where the issue was... I mean they wouldn't tell me a rate but they also said they wouldn't be able to use bank statements or the type of paystubs I have from my employer without tax deductions (guy was clearly a little confused how it works)

I didn't pursue further... so im not sure I would have had problems getting approved if I was a regular employee with paystubs to give them.

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Established Contributor
wHiTeSoL
Posts: 1,038
Registered: ‎07-09-2013

Re: Hyundai pulled EX and...

I just picked up an Elantra last week and they pulled EQ. 726 Auto Enhanced where my wife had a 690 (771 fico!)


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Hyundai pulled EX and...


Creditaddict wrote:

maiden_girl wrote:

Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.


I'm contract employee... that is where the issue was... I mean they wouldn't tell me a rate but they also said they wouldn't be able to use bank statements or the type of paystubs I have from my employer without tax deductions (guy was clearly a little confused how it works)

I didn't pursue further... so im not sure I would have had problems getting approved if I was a regular employee with paystubs to give them.


I'm a contract employee as well so now I'm really confused! Lol. Maybe it was the dealership screw up and not Hyundai? I would try someone else. Certain dealerships can give car brands really bad names.

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Mega Contributor
Creditaddict
Posts: 18,832
Registered: ‎10-23-2007

Re: Hyundai pulled EX and...


maiden_girl wrote:

Creditaddict wrote:

maiden_girl wrote:

Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.


I'm contract employee... that is where the issue was... I mean they wouldn't tell me a rate but they also said they wouldn't be able to use bank statements or the type of paystubs I have from my employer without tax deductions (guy was clearly a little confused how it works)

I didn't pursue further... so im not sure I would have had problems getting approved if I was a regular employee with paystubs to give them.


I'm a contract employee as well so now I'm really confused! Lol. Maybe it was the dealership screw up and not Hyundai? I would try someone else. Certain dealerships can give car brands really bad names.


oh yes I believe it was the dealership mostly.

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:

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