Re: Captialone Auto Loan is it easy to get approve?
12-30-2012 09:42 AM
Trish, 1 year, 3 mo AAOA is a pretty short history especially if you have had no other auto loans. Lenders don't just look at scores, they also look at income, DTI, AAOA, and for an auto loan, your payment history on previous auto loans. Capital One is subprime and prime. I think their auto loan offers are more towards prime credit as the interest rates are pretty reasonable. And they have both subprime and prime credit cards. That's why I requested more info from OP because no lender is a slam dunk for all bad/limited credit portfolios.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Last App: 4/5/13 Gardening until July 2014