topic Re: My auto enhanced score is 644???? in Auto Loans

My auto enhanced score is 644????

creditwatcher2012 — Mon, 21 Oct 2013 18:09:30 GMT

Is that bad? Is it possible to get a 38k loan @ a good interest rate?

Re: My auto enhanced score is 644????

tonyjones — Mon, 21 Oct 2013 22:34:53 GMT

@creditwatcher2012 wrote:
@Anonymous that bad? Is it possible to get a 38k loan @ a good interest rate?

Depends what else is on your credit report. Any unpaid collections/judgements etc? Income?

Re: My auto enhanced score is 644????

Revelate — Tue, 22 Oct 2013 03:48:11 GMT

@creditwatcher2012 wrote:
@Anonymous that bad? Is it possible to get a 38k loan @ a good interest rate?

Depends what you define a good rate to be; I got a 6% rate around that score but admittedly was only looking for less than half of what you're chasing.

Re: My auto enhanced score is 644????

Creditaddict — Tue, 22 Oct 2013 04:16:02 GMT

@creditwatcher2012 wrote:
@Anonymous that bad? Is it possible to get a 38k loan @ a good interest rate?

NEW?

Depending what auto maker you could actually get promo rate with that score... so we really need some more info... if you got your auto enhanced then you must already be working with the dealer, what have they told you so far?

Re: My auto enhanced score is 644????

creditwatcher2012 — Tue, 22 Oct 2013 06:05:07 GMT

Approved ford credit 13.9%
Approved local bank (they have a good relationship with) @5.9%

Update: NFCU approved my auto refi at 2. Something percent check should be here Wednesday

Re: My auto enhanced score is 644????

creditwatcher2012 — Tue, 22 Oct 2013 06:05:31 GMT

2014 Ford

Re: My auto enhanced score is 644????

Creditaddict — Tue, 22 Oct 2013 06:24:07 GMT

And what are they saying?
What tier?

Re: My auto enhanced score is 644????

creditwatcher2012 — Tue, 22 Oct 2013 06:25:02 GMT

and supprisingly I wasnt asked for POI when I applied, I was prepared to shoe my proof of income incase they did, but ironiq they didnt, heres what it says ?

Purpose of Loan:	Auto
	Date:	21/10/2013
	Subject:	The status of your new loan (********) is Approved.

	Message:	Congratulations! Based on your credit worthiness, your loan application has been approved for £23,337.53. As you requested, the loan proceeds will be mailed to you. Please allow 5-7 days for normal mail delivery. Your confirmation number is ********************* Ready to buy? Locate a participating dealership and receive low, established pricing! Visit the Navy Federal Auto Buying Program today! Payment Protection is available. Click here for more information. Take this opportunity to simplify your life, suppress your paper statements, and view your statements online. It's an easy way to keep your account information confidential and help prevent identify theft. Just access your account at www.navyfederal.org, select the "Other Services" tab, and then look under "Account Services" to turn off paper statements.

*Actual rates are subject to change.

Re: My auto enhanced score is 644????

Creditaddict — Tue, 22 Oct 2013 06:25:30 GMT

Oh sorry, saw the first one.
Ford wouldn't give better!!! They use to go into the high 500's... What's up w that!!!

Re: My auto enhanced score is 644????

creditwatcher2012 — Tue, 22 Oct 2013 06:26:29 GMT

I know I honestly thought ford would be the one to give a good approval, btw whats up with NAVY not asking for POI?

Re: My auto enhanced score is 644????

creditwatcher2012 — Tue, 22 Oct 2013 06:30:22 GMT

AND TIER 4

Re: My auto enhanced score is 644????

Creditaddict — Tue, 22 Oct 2013 06:34:21 GMT

I dunno, depends if you have given income verification for something else.
My partner got navcheck for 15 and didn't have any verification, just signature... Most say they have to give income.

Re: My auto enhanced score is 644????

creditwatcher2012 — Tue, 22 Oct 2013 06:38:57 GMT

I have never given POI for anything with NFCU

Re: My auto enhanced score is 644????

09Lexie — Wed, 23 Oct 2013 21:36:42 GMT

Ford may not have offered better terms due to OPs previous delinquent history with them.