topic Re: TD Bank auto in Credit Card Applications

TD Bank auto

Ramsport — Sat, 03 Sep 2022 02:03:20 GMT

TD Bank give me an auto loan what's the chances they approve me for a credit card.

Re: TD Bank auto

OmarGB9 — Sat, 03 Sep 2022 03:00:48 GMT

Without any DPs, it's hard to say. Car loans are generally much easier to qualify for because they're secured by the car itself (collateral). CCs are unsecured debt.

Re: TD Bank auto

805orbust — Sat, 03 Sep 2022 07:40:03 GMT

Wow... I didn't think TD did auto loans. Something new is learned every day.

Re: TD Bank auto

coldfusion — Sat, 03 Sep 2022 13:48:50 GMT

@805orbust wrote:
Wow... I didn't think TD did auto loans. Something new is learned every day.

They have a business unit dedicated to issuing auto loans but it's set up to be what is commonly referred to as an indirect lender. They only accept applications made through dealerships.

Re: TD Bank auto

CreditMarathoner — Sat, 03 Sep 2022 14:00:58 GMT

My last auto loan (in 2013) was through "TD Auto Finance" (via the dealership), so they're a separate division/company from TD Bank.

I'm guessing there's little or no connection between qualifying for an auto loan and a credit card through them. Underwriting standards differ between the two anyway even if they were issued in the same place by the same people.