So we're just over 6mos post DC, and been building the scores back up. About 3 days after DC back in January, I was approved for an auto loan with Cap1 for my wife's 2016 Town & Country at 9.79%. I felt that maybe it was time to try for a refi...I started a Penfed account several months ago and just been sitting on it. A week or so ago I app'd for a refi on my wife's van, but was denied. The denial said "bankruptcy" and "not enough time..blah blah blah" and then the next day I got a survey email. I decided to fill it out with less than perfect scores as well as use the spaces to fill in details about my BK and re-establishing credit, etc. I received a call the next day, and the nice lady talked to me about the app process and stated that it can be confusing and that I had filled it out incorrectly because it states anything 2016 or newer is considered a new vehicle but our van had miles so the system just booted me out. But she reran the app as a used vehicle and immediately approved me to refi the van for $18k at 4.6%. Not the best, but pretty **bleep** good for 6mos post DC.
Since we were able to get that taken care of I decided that I would go ahead and get me a better commuter...as I have been driving my 26yo truck. I did the Cap1 auto loan again and was preapproved for $40k. Went to Subaru and got a great deal on a 2017 Crosstrek...ended up financing $19k at 5.26%. I plan to refi with Penfed in about 6mos.
Learning from my past and rebuilding..
BK discharged 1/10/17
scores: EQ 659 | TU 630 | EX 659
QS 3.8K | WF 500 | Cabela's 3k | ACU 500 |
