Ok so I do believe dreams really do come true!!!!! lol...with everyone's help here, I have been able to raise my scores (see below). But the score she pulled was a Beacon 5.0 of 621 (whatever that means, lol) So I am in desperate need for a new car. So I went to my CU through my employer with a copy of my CR and the loan officer said "do you want me to just pull your credit because I believe we can get you approved"...I said "sure" so after doing the intake questions I just knew she would come back with a 15-20% interest rate...the interest rate was.............7.24%!!!!!!! I am so estatic. There are conditions for my approval (must write a detailed letter explaning some late mortgage payments that happened a while ago), pay stubs and because my CR states the mortgage, they say my DTI is too high so they need proof of income for my husband and he will be the co signer (but his score is crappy so they will just use his income) This is the best feeling ever and DH and I have been thru alot with credit repair and as soon I have the preappoval check in my hand, I will be elated!!!!!! I just want to thank everyone for their time and input to making myself and others be approved for such good rates.
Starting Score: EQ 462 9/30/11
Hey congrats!
Beacon 5.0 is the Equifax FICO '04 model: the same score you get here from myfico; however, they may have pulled a different industry-specific option (auto-enhanced) to explain the discrepancy between their pull and what you have in your signature line. It's a fantastic achievement though, and gives me hope I can get down to similar when I refinance in a few months assuming my credit score continues to climb a little more.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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Congrats, ya CU are awesome... I just refinanced with NFCU and saved 4% interest!
Starting Score: 08/29/2011 TU 671 EQ 674Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!
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thank you...from the interest rate that I believed I would receive Im goning to save $100/month.....now to get the basic items they are asking for....lol...Im not sure why my Beacon would be higher, I would think lower because this will be my first auto loan....im just hoping and praying no last minute things happen....If I get them the items tomorrow or monday, I will have my check by next weekend!!!
Revelate wrote:Hey congrats!
Beacon 5.0 is the Equifax FICO '04 model: the same score you get here from myfico; however, they may have pulled a different industry-specific option (auto-enhanced) to explain the discrepancy between their pull and what you have in your signature line. It's a fantastic achievement though, and gives me hope I can get down to similar when I refinance in a few months assuming my credit score continues to climb a little more.
there is always hope........just find a great credit union
MsTucker09 wrote:
Revelate wrote:Hey congrats!
Beacon 5.0 is the Equifax FICO '04 model: the same score you get here from myfico; however, they may have pulled a different industry-specific option (auto-enhanced) to explain the discrepancy between their pull and what you have in your signature line. It's a fantastic achievement though, and gives me hope I can get down to similar when I refinance in a few months assuming my credit score continues to climb a little more.
there is always hope........just find a great credit union
Yeah, I opened a few CU memberships when I went through my initial tradeline building spree just for this reason. I was expecting to get down into the 13-14% bracket (from my current 19.35) but if I can get to 10 or less, I'll be tickled pink.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
Revelate wrote:
MsTucker09 wrote:
Revelate wrote:Hey congrats!
Beacon 5.0 is the Equifax FICO '04 model: the same score you get here from myfico; however, they may have pulled a different industry-specific option (auto-enhanced) to explain the discrepancy between their pull and what you have in your signature line. It's a fantastic achievement though, and gives me hope I can get down to similar when I refinance in a few months assuming my credit score continues to climb a little more.
there is always hope........just find a great credit union
Yeah, I opened a few CU memberships when I went through my initial tradeline building spree just for this reason. I was expecting to get down into the 13-14% bracket (from my current 19.35) but if I can get to 10 or less, I'll be tickled pink.
I would say if one of those is a local CU go to the branch and speak with someone face to face. I truly believe if I would have filled out the app online, I wouldve been denied or approved at a ridiculously high interest rate...computers have no compassion like humans do and you can truly explain your situation. My LO was very nice, compassionate, and helpful. The LO has al`ot of pull as to if they can approve you and for how much, and which terms. They are even gonna add my husband as a co signer just for his income and they will not consider his credit. I do wish you the best of luck though 
Starting Score: EQ 542 EX 513 TU500
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