Reply
Regular Contributor
Comet21
Posts: 204
Registered: ‎08-29-2007
0

Re: Ford Motor Credit

I agree, "BK Friendly" is one of those YMMV situation. I consider a creditor "BK Friendly" if they will approve anybody that has filed for BK BUT it does not guarentee approval.


Starting Score: TU 477 EQ 533 BK 1/27/2012
Current Score: EX 702 TU 681 EQ 652 1/10/2014
Goal Score: 700


Take the FICO Fitness Challenge
New Contributor
zan987
Posts: 55
Registered: ‎09-27-2011
0

Re: Ford Motor Credit

+ 1

New Member
VegasTeo702
Posts: 8
Registered: ‎08-09-2012
0

Re: Ford Motor Credit

" Indecision was approved one month out of BK, I would say that is pretty friendly, wouldn't you?"       No, I would not say thats friendly. His BK was TWO years ago, gimmie a break dude. Had he been approved for that loan less than a year out of BK I would agree but anyone can pretty much obtain an auto loan 2 years post BK. To the member that asked about my BK, I have been out of it for 6 months with 2 credit cards currently paid off each month. My credit score initially went up after the BK but being denied auto loans has dropped my score approx 100 points and the inquiries are hurting me.

My list of non BK friendly auto loan lenders: Ford,Toyota,Nissan,Kia,Chase,Santander/roadloans,Americredit,Wells Fargo,BofA,Orange co Credit union,TD auto

Valued Contributor
Scupra
Posts: 1,696
Registered: ‎07-12-2012
0

Re: Ford Motor Credit


VegasTeo702 wrote:

" Indecision was approved one month out of BK, I would say that is pretty friendly, wouldn't you?"       No, I would not say thats friendly. His BK was TWO years ago, gimmie a break dude. Had he been approved for that loan less than a year out of BK I would agree but anyone can pretty much obtain an auto loan 2 years post BK. To the member that asked about my BK, I have been out of it for 6 months with 2 credit cards currently paid off each month. My credit score initially went up after the BK but being denied auto loans has dropped my score approx 100 points and the inquiries are hurting me.


"Just wanted to report if it had not been reported already that Ford Motor Credit is BK friendly. I was discharged in June but I was able to qualify for 3.9% financing! You can see my scores from below but they reported my EX at 692!!! I will take it."

 


When he said "discharged in June" I guess I made a mistake thinking June as in two months ago?? Break given if I was wrong...

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
687 EQ FICO 12/2014
680 TU FICO 12/2014
673 EX FICO 12/2014
$14k NFCU Platinum - $25k NFCU cashRewards Sig - $15k NavChek - $6k Barclay Arrival WEMC - $5k Cap1 Quicksilver - $2.2k Amazon Store - $10k Cap1 VentureOne
Regular Contributor
Comet21
Posts: 204
Registered: ‎08-29-2007
0

Re: Ford Motor Credit

Yes, I was discharged June 2012

Starting Score: TU 477 EQ 533 BK 1/27/2012
Current Score: EX 702 TU 681 EQ 652 1/10/2014
Goal Score: 700


Take the FICO Fitness Challenge
Regular Contributor
Comet21
Posts: 204
Registered: ‎08-29-2007
0

Re: Ford Motor Credit

I also find it hard for your scores to drop 100 points with Inquires. You would have to app a lot to do that. It is my understanding that FICO scoring takes account when you have multiple auto Inq in the same time period. You are not dinged for each pull.

Starting Score: TU 477 EQ 533 BK 1/27/2012
Current Score: EX 702 TU 681 EQ 652 1/10/2014
Goal Score: 700


Take the FICO Fitness Challenge
Valued Contributor
Scupra
Posts: 1,696
Registered: ‎07-12-2012
0

Re: Ford Motor Credit


Comet21 wrote:
I also find it hard for your scores to drop 100 points with Inquires. You would have to app a lot to do that. It is my understanding that FICO scoring takes account when you have multiple auto Inq in the same time period. You are not dinged for each pull.

look period allows 30 days I belive 

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
687 EQ FICO 12/2014
680 TU FICO 12/2014
673 EX FICO 12/2014
$14k NFCU Platinum - $25k NFCU cashRewards Sig - $15k NavChek - $6k Barclay Arrival WEMC - $5k Cap1 Quicksilver - $2.2k Amazon Store - $10k Cap1 VentureOne
New Visitor
gemgirl
Posts: 1
Registered: ‎10-05-2013
0

Re: Ford Motor Credit

Hi I had some questions, please check your Pm I sent you.. Thanks

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}