Refinance after chapter 7

[incognitony]

I discharged from chapter 7 in July and got approved at 18.99/72 months through WFDS about 2 weeks after discharging. I just joined a local credit union and was approved at 6.99 for 66 months. I added gap, life insurance policy ,and a warranty that covers to 100k miles as my factory warranty has less than 2000 miles left. Dropped the payment from 441 to 379 and no payment due until April 28th.

I want to thank those  on here who have mentioned credit unions. I'm not sure what credit score they used but my fico 8 scores are from 624-629.

[GirlMelanie89]

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@incognitony wrote:

I discharged from chapter 7 in July and got approved at 18.99/72 months through WFDS about 2 weeks after discharging. I just joined a local credit union and was approved at 6.99 for 66 months. I added gap, life insurance policy ,and a warranty that covers to 100k miles as my factory warranty has less than 2000 miles left. Dropped the payment from 441 to 379 and no payment due until April 28th.

I want to thank those  on here who have mentioned credit unions. I'm not sure what credit score they used but my fico 8 scores are from 624-629.

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Thats awesome! I would love to refi my car payment to lower my DTI for a mortgage. But I also dont want to waste an inquiry and a refin not be possible!  Congratulations!!!! 

[Anonymous]

Hi incognitony,

Congrats on the approval! I wanted to ask a couple of questions. I had my BK discharged 08/2015 and also was approved for a loan with Prestige financial at 14%. My scores now are around the same as yours. Did you run into any problems with LTV? Also if you dont mind me asking what credit union?

[incognitony]

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@Anonymous wrote:

Hi incognitony,

Congrats on the approval! I wanted to ask a couple of questions. I had my BK discharged 08/2015 and also was approved for a loan with Prestige financial at 14%. My scores now are around the same as yours. Did you run into any problems with LTV? Also if you dont mind me asking what credit union?

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They were fine with up to 120% LTV based on NADA retail value and my loan was at about 106%. It was a local credit union, Ashland CU. Membership is limited to areas in KY and MN. They just pulled my Experian Fico 8 that was 624 at the time. Some of the credit unions are not worried about past BK, just the score.