cancel
Showing results for 
Search instead for 
Did you mean: 

Carvana (post BK CH7)

tag
Anonymous
Not applicable

Carvana (post BK CH7)

Late April (2016) I applied for an auto loan via Carvana. I was approved at 11.95% APR and decided to wait (discharged CH7 12/2015). My offer for financing expired yesterday (06/05/16). So, today I decided to reapply to see what they will offer......... It came back at 8.15% APR. Wow! I thought to share my post BK auto loan story. I still have my 2014 Accord EX-L (financed with Wells Fargo) on Pay / Stay status, as I did not reaffirm the loan. Still on the fence about obtaining a car loan.
Message 1 of 9
8 REPLIES 8
TXinandout
Frequent Contributor

Re: Carvana (post BK CH7)

Wow that is great! How you raised your scores or what? What did they pull for you?
BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Message 2 of 9
Anonymous
Not applicable

Re: Carvana (post BK CH7)

Yes, when I first applied my FICO was 604 with EX, and now I'm at 632 with EX. They pulled EX & TU.
Message 3 of 9
TXinandout
Frequent Contributor

Re: Carvana (post BK CH7)

Wait 2 more months, maybe you will get 1.99 LOL!!!Smiley Very Happy


@Anonymous wrote:
Yes, when I first applied my FICO was 604 with EX, and now I'm at 632 with EX. They pulled EX & TU.

 

 

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Message 4 of 9
Anonymous
Not applicable

Re: Carvana (post BK CH7)

LOL, right.......
Message 5 of 9
holmesnmanny
Contributor

Re: Carvana (post BK CH7)

im curious whats going to happen to your score when the wells fargo goes to paid/closed, can you update us on that, im very curious
Pro Se Chapter 7 discharged July 2015
Message 6 of 9
Anonymous
Not applicable

Re: Carvana (post BK CH7)

Yes, the loan (Wells Fargo) was discharged, and reporting as IIB. So, it's a closed account already, thus I can walk away from the loan at anytime without it impacting my credit, as I did not reaffirm the loan.
Message 7 of 9
Anonymous
Not applicable

Re: Carvana (post BK CH7)

Bump
Message 8 of 9
Scupra
Super Contributor

Re: Carvana (post BK CH7)

I would wait it out if possible. When your scores are in the higher 600's you should get an even lower rate. Obviously I don't know your personal situation Smiley Happy
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 9 of 9
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.