topic Re: Auto loan in Auto Loans

Auto loan

tinkytoo — Sun, 04 Jul 2010 13:57:23 GMT

APPROVING BANK:capital one (carmax)
BUREAU PULLED:unsure
CREDIT SCORE:548 EQ, 602 TU, EX unknown
CUSTOMER STATE OF RESIDENCEH
NEW/USED:
YEAR OF VEHICLE: 2007

MAKE: Chevrolet

MODEL:malibu
MILEAGE:22000
RETAIL/LEASE:
AMOUNT OF LOAN:12000
TERM CONTRACTED:72
APR/LEASE RATE:18.9
MONTHLY PAYMENT:294 with max car service plan
MISCELLANEOUS COMMENTARY: Interest rate a killer but I plan to continue to work on my credit then ref with a credit in about 12 months. The buying process was painless. I never thought I would be able to get financing with my scores but I kept reading this forum for hope and It paid off. I put 1000 down

Re: Auto loan

Tazman81 — Sun, 04 Jul 2010 14:36:44 GMT

Awesome. Yeah, I agree, the interest rate is up there, but no worries there, soon you will be able to get that refinanced and go from there. Can I ask, do you have a mortgage? Reason I ask is because I have heard that capital one is more favoritable to those that have a mortgage. Oh, and I think very highly of CarMax. I've only had good experiences with them.

Re: Auto loan

tinkytoo — Sun, 04 Jul 2010 18:00:31 GMT

no I don't have a house, it really surprised me because I have a charged off credit card with capital one which resulted in them filing a judgement against me. It is however 6 years old but it is still on my credit report so I didn't think they would approve me but my prayers were answered anything is posible.