topic Re: Credit Karma Refinance offers in Auto Loans

Credit Karma Refinance offers

Anonymous — Wed, 23 Mar 2016 22:19:34 GMT

How accurate are these offers? Has anyone applied based on these offers and been approved? Really dont want to run my credit unless I REALLY have to. I have offers from Open Road Lending, Capital One, Innovative funding services, carfinance.com, and First Investors. Anyone have any experience?

Re: Credit Karma Refinance offers

StartingOver10 — Thu, 19 May 2016 19:06:05 GMT

@Anonymous wrote:
How accurate are these offers? Has anyone applied based on these offers and been approved? Really dont want to run my credit unless I REALLY have to. I have offers from Open Road Lending, Capital One, Innovative funding services, carfinance.com, and First Investors. Anyone have any experience?

Why are you using subprime lenders? Why don't you go to a credit union or at least call a credit union for a quote?

Re: Credit Karma Refinance offers

Anonymous — Thu, 24 Mar 2016 00:01:08 GMT

Because my FICO 8 TU is only 623 :/ Vanyage 3.0 TU is 575 :/

Re: Credit Karma Refinance offers

StartingOver10 — Thu, 24 Mar 2016 02:06:26 GMT

Have you checked your auto enhanced scores yet?

If they are in similar territory, go to the rebuilding forum for idea on what you can do to increase your score before your refi.

There are some very knowledgeable people there that can help if you post your specific situation

Re: Credit Karma Refinance offers

incognitony — Thu, 24 Mar 2016 03:38:03 GMT

My local cu refinanced my loan with a 630ish ex score at 6.9%. 7 months after chapter 7 discharge.

Re: Credit Karma Refinance offers

Dj4Money — Thu, 24 Mar 2016 07:57:29 GMT

@Anonymous wrote:
Because my FICO 8 TU is only 623 :/ Vanyage 3.0 TU is 575 :/

What is your EQ score? If it's over 600 go to DCU.

If your EX score is better find a credit union that uses EX, mine does (Logix).

I had a 659 EX with a repo from 2009, Logix re-fi'ed it seven months after I bought it.

Score when I bought the car was 605 (Jan 2015), it climbed to 661 by August 2015.

Re: Credit Karma Refinance offers

Anonymous — Wed, 18 May 2016 02:32:19 GMT

Forgive my stupidity, which credit union is DCU?

Re: Credit Karma Refinance offers

EddieK — Wed, 18 May 2016 03:37:19 GMT

@Anonymous wrote:
Forgive my stupidity, which credit union is DCU?

Digital Federal Credit Union.

Re: Credit Karma Refinance offers

RonM21 — Wed, 18 May 2016 10:00:36 GMT

I agree with the other posts, the credit union can still be the better route to go. A lot of people aren't aware of this though.