Member
Chukp
Posts: 6
Registered: ‎12-22-2008
Re: Auto Loan Approvals!
APPROVING BANK: Coastal Federal Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 650ish Auto Enhanced
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2009
MAKE: Ford
MODEL: Fusion
MILEAGE: 10,300
RETAIL/LEASE: Retail
AMOUNT OF LOAN:25,000 (Rounded this up from 24 something)
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 13.00%
MONTHLY PAYMENT: 494
Comments:  Was upside down on a crappy Jeep Cherokee I bought 6 months ago when I couldnt get a loan for much.  After that purchase, I got a judgement removed from my record, several collections and some late payments, and while its not perfect It was enough to get financed with just $400 down.  The dealership rolled my negative equity into the price of the Fusion which is what made the price a little higher than it should have been.  Also have very little credit but a handful of subprime credit cards that I have been diligent to pay on time over the last year and a half.  My credit ratio was at around 65% when I got approved too.  Honestly was not expecting things to go so well... The deal was done in what must have been record time.  
 
Also wanted to thank everyone who contributes to this board.  You have all really helped me to get a perspective on where I stand and that reaching my credit goals can be achieved with just a little diligence and dedication.