Hi all,
New to the forum! I have been discharged from my CH 13 BK in Sep 2014. My scores are currently EQ: 658m EX: 586, TU: 618. I am trying to correct some discrepancies that I hope will at least raise those scores to the high 600's. Anyway, I am looking to get an auto loan of $50k and I plan on putting in about $15k more to cover the rest. I'm looking at a Range Rover Sport. My income is $152K annally and I have only mortage of $3k a month and a school loan of $500 a month. Everyting else was paid off in my BK.
I have had numerous auto loans and paid off two vehicles in BK. My fear is that since my BK was discharged so recently and my scores are low I may not qualify for the loan I want. I am looking to buy in June. Pardon my ignorance but what is DCU?
Thanks for any input!
@thisladyz wrote:Hi all,
New to the forum! I have been discharged from my CH 13 BK in Sep 2014. My scores are currently EQ: 658m EX: 586, TU: 618. I am trying to correct some discrepancies that I hope will at least raise those scores to the high 600's. Anyway, I am looking to get an auto loan of $50k and I plan on putting in about $15k more to cover the rest. I'm looking at a Range Rover Sport. My income is $152K annally and I have only mortage of $3k a month and a school loan of $500 a month. Everyting else was paid off in my BK.
I have had numerous auto loans and paid off two vehicles in BK. My fear is that since my BK was discharged so recently and my scores are low I may not qualify for the loan I want. I am looking to buy in June. Pardon my ignorance but what is DCU?
Thanks for any input!
DCU=Digital Federal Credit Union
From what people have posted here you wouldn't be able to qualify for them until you're two years out from your BK. I'd look at Cap1's blank check program.
Oh, okay, thank you for the reply. So is that 2 years just for credit unions or would Cap1 have the same requirement?
EQ FICO: 687 (The one they pulled)
Approval Amount: $50,000
Rate: 2.24%
Instant online approval or did you need to call/wait a few days? Instant
Monthly Income: $9166 (gross)
Rent/mortgage: $700
I currently have an auto loan that I'm paying (through PenFed) so I was surprised to get approved.
They are easy to work with as long as you can get through the phone waiting lines.
