Valued Contributor
Posts: 2,300
Registered: ‎07-23-2012
Re: First Time Auto Loan- Chances of Approval?????

emshook wrote:
I'm definitely looking for a new car. Thank you everyone for the advice so far!

Would my auto enhanced score be a lot lower since I've never had an auto loan before? That's what I'm worried about, and now that I sold my car i really do only have the 4-6 weeks to buy so not any time to raise my score.

its a ymmv thing. 

ive never had any installment loans and pulled my credit from here the morning of and dealership pulled my reports about 2 hours later. 

tu was 690 eq 689   dealer said it was 708 tu pull. 

even though later i saw they pulled all three of my reports twice! (one from dealer and one from toyota financial) 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9

2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000