Valued Contributor
creditnocash
Posts: 1,975
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: EQ FICO 675, TU FICO 692, Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: $21,600

Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012


2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000