Member
havecollectionsaccounts
Posts: 8
Registered: ‎03-10-2011
Re: Auto Loan Approvals!
APPROVING BANK: Professional Federal Credit Union (ProFed)
BUREAU PULLED: TU
CREDIT SCORE: 638
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: New- Refinanced
YEAR OF VEHICLE: 2011
MAKE: Toyota
MODEL: Corolla
MILEAGE: 23,500
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 11,600
TERM CONTRACTED: 42 mo/ 3 1/2 yrs
APR/LEASE RATE: 4.99%
MONTHLY PAYMENT: $308
ANNUAL INCOME: $36,500
MISCELLANEOUS COMMENTARY: Originally, my credit score was 606- auto enhanced. Capital One financed me 72 mo. $368/mo at 12.45%, $1400 down. I payed all payments on time for 15 months and even a lump sum payment of $3,600. I was approved for refi at Wells Fargo, they pulled Exp 678 credit score and approved me for a rate of 11.7%. I was told by friends that credit unions usually are more lenient and give better rates. I was surprised at the rate I received for my credit score!!! Very happy!

 

09/2012
TU- 638 (Lender Pull)
EXP- 644 (MyFico)
EQ- 678 (Lender Pull)