New Contributor
cp94550
Posts: 70
Registered: ‎11-05-2011
Re: Auto Loan Approvals!
APPROVING BANK: American Honda Finance
BUREAU PULLED:  Not sure.  Have an inquiry on my Equifax Score Watch.
CREDIT SCORE:  578 Equifax, 601 Auto enhanced
CUSTOMER STATE OF RESIDENCE:  CA
NEW/USED:  New
YEAR OF VEHICLE:  2012
MAKE:  Homda
MODEL:  CR-V
MILEAGE:  38
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $24,850.00
TERM CONTRACTED:  72 mos
APR/LEASE RATE:  4.49%
MONTHLY PAYMENT:  $395.00
ANNUAL INCOME:  $57k
MISCELLANEOUS COMMENTARY:  My wife and I just had our first child and lugging a carseat in and out of our 2 door Honda Civics was a HUGE hassle  (we both have the same type of car).  We had been looking at purchasing a small Crossover/SUV but kept putting it off because of our credit score and I recently finished a rehab process on my SL's but wanted to wait until it was actually reflected on my credit reports.  Long story short - I called CU and they denied me.  Found a family member co-signer and we were going to go purchased next weekend.  Decided to go test drive ahead of time, fellin love the the CR-V and decided to have them run my credit since the inquiry wouldn't go against me.  They got me in to the car I wanted, payments $5 below my max and a shockingly low APR of 4.49%.  I'm still baffled by that....

Starting Score: 560 on 11/1/11
Current Score: 578 on 10/04/12
Goal Score: 650 for starters

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