09-25-2012 08:49 AM
I love this forum and have learned so much just by lurking. I joined NFCU last week. I am wondering if I would be able to get an auto loan there after my bk is discharged in about a month. Does anyone have any experience with this? What could I do to up my chances (set up direct deposit, open a secured cc, etc)
09-25-2012 09:10 AM
Honestly they may want to see at least 12-24 month post BK payment history before giving you the loan. I tried with my local CU and they requested the same. Once I get an auto loan I will be going back to them to refi. YMMV and blessings on your quest.
09-25-2012 09:27 AM
Thank you for the info!
Blessings to you too!
09-25-2012 09:50 AM
I would take 16k. I don't think I would want more, depending on the interest rate. What rate did they offer you?
09-25-2012 10:36 AM
This waiting game is the worst! I had my 341 in August. I'm hoping for a mid-October discharge, but I'll bet it will be towards the end.
09-25-2012 12:43 PM
What have you applied for and been approved? I want to jumpstart my rebuilding...but I'm afraid of the denials!
09-26-2012 04:18 AM
I've only tried Cap One and was denied. I believe this is because my debts from them being included in my 7 hasn't been discharged yet. I'll try once I receive my official discharge. I'm not applying for anything else until then.
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.