First time loan assistance!

Anonymous — Sat, 01 Dec 2012 21:36:41 GMT

Hello myFICO ppl,

A little background on myself:

24 year old male

33k a year

At current job for 6 months (Salary post college career job)

Was unemployed for 6 months prior to new post college job.

Employed at company for 4 years prior to unemployment.

Low monthly expenses (living at home with parents)

Individual user Credit Card with $3,600 limit (balance $150) Credit history: July 2011 Wells Fargo Bank (Have Checking there)

Authorized User Credit Card with $22,000 limit (balance $1,600) Credit history: Sept 1992 PNC Bank

Authorized User Credit Card with $1,200 limit (balance $0) Credit history: Aug 2001 Khols

No late payments - Paying way more then minimum per month.

Current experian FICO = 747

Credit score was lower (720) before due to carrying higher balances due to charging my last semester at college! ($3300 now 1600).

In August I applied for a used car loan and was denied by myself, and I applied for a new loan via FORD online and was told I had to see there financial department to see if I can qualify. I want to by a new Ford fusion ($22k) but do not know if I can even get a loan!? Anyone here can give me tips for this? I have $2,000 saved for a down payment.

Thank you for your input

-Mr. Cox

Re: First time loan assistance!

Anonymous — Mon, 03 Dec 2012 20:58:17 GMT

Update:

I ended up attempting a blank check loan with capital-one. I got instantly approved for 25,000 plus an additional 500.01 at 2.73%.

Shocked!

Re: First time loan assistance!

Anonymous — Mon, 03 Dec 2012 23:08:28 GMT

Congrats!!!

Did you ask for 25k or was that what youre qualified for?

Re: First time loan assistance!

Anonymous — Mon, 03 Dec 2012 23:19:16 GMT

I asked for $25k flat just in case. Wont dare spend that much though. Surprised they gave me a penny over much less $25, 500.01

topic Re: First time loan assistance! in Auto Loans

First time loan assistance!

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Re: First time loan assistance!

Re: First time loan assistance!