KVS
New Visitor
KVS
Posts: 2
Registered: ‎03-07-2009
Re: Auto Loan Approvals!
[ Edited ]
APPROVING BANK: Eastman Credit Union
BUREAU PULLED:  All 3, I believe
CREDIT SCORE: TU 615, EX 640, EQ 677 (non auto enhanced)
CUSTOMER STATE OF RESIDENCE: Tennessee
NEW/USED: Used
YEAR OF VEHICLE:2008
MAKE: Pontiac 
MODEL: Vibe
MILEAGE: 24000
RETAIL/LEASE:Retail
AMOUNT OF LOAN: 14,119 (includes taxes, title, etc)
TERM CONTRACTED: 60
APR/LEASE RATE: 6.29
MONTHLY PAYMENT:  275
MISCELLANEOUS COMMENTARY I had a Chapter 7 Bankruptcy in June of 2007. Reaffirmed my car and finished paying it off. No bad marks on my CR since BK. 3 open CCs (longer than 1 year), 2 with no balances, 1 with a low balance and all with perfect payment records. Still, I was scared that I wouldn't get approved because of the Bankruptcy. I applied online with Cap One Auto and was shocked when I was approved for up to $18k at 6.91%. Then I did some checking online and saw that some folks have had awful times with Cap One and that convinced me to check with my credit union. My checking account had been there for over 2 years in good standing. I was prepared to go with ECU even if they offered a higher rate than Cap One. I was very happy when they returned a rate even lower than Cap One. Dealing with local folks, to me personally, is so much better than having to wait forever to get customer service on the phone. My last car loan (4 years prior to bankruptcy) was at 21% APR. There is life after bankruptcy!
Message Edited by KVS on 03-07-2009 12:16 PM