Brief timeline:
- BK7 in 2008. Auto loan after D/C through GM Financial with 17% rate.
- Some time in 2012, attempted to trade in for newer vehicle. Denied everywhere. Auto Enhanced scores 580-610.
- 2013-2014 multiple auto lates with ultimate repo in 6/2014 (nursing school took a toll on me financially as was unable to work due to heavy curriculum). Deficiency balance ~$1800 charged off, unpaid.
- 6/2014, immediately purchased another car through Credit Acceptance at 25% rate, yuck. All payments made on time.
- 6/2015, purchased new Jeep Cherokee, financed through CU at 7%. All payments made on time.
- Today, decided to trade in Cherokee for larger Grand Cherokee. Approved for Tier A lease through Ally Financial. Auto Enhanced score 740! Only 2 years post-repo! And was instantly approved for FNBO Jeep Mastercard for $3000 at dealership! Someone pinch me, because I can't believe it.
Congrats on the purchase and loan approval. And a bigger CONGRATS! on nursing school!!!
Congrats! Last two years of payment history are weighted more than prior experience?
Congrats again!
