topic Re: Will I qualify in Auto Loans

Will I qualify

Anonymous — Sun, 22 May 2016 00:27:04 GMT

Credit Score: 846 Equifax/678 transunion/826 experian(all from myfico)

AAoA 14yrs

# of positive trade lines:3

# of negative trade lines: 1 medical collection from 3 yrs ago paid In full (107.00)

Income: 45,500yr

Lenght of Employment: 14 yrs

Previous Loan Experience: none

Debt-to-Income (DTI): 26

Year of Car: 2016 mazda 6 touring

Miles: 2

Purchase/Refinance: new purchase

Requested loan term (XX Months):60

Down payment amount: 4000

Co-borrower/Co-Signer: no

Other: Looking to get the .9 for 60 months. Sales guy says they use equifax which is great for me. I have found the trim and color I want for 23,999 and there is $1000 customer cash.

Thanks for any feedback I have been stalking the auto section and have used a few tips so far.

Re: Will I qualify

Anonymous — Sun, 22 May 2016 00:55:25 GMT

Yes- With the info. you provided, you should have no problems getting the car.

Re: Will I qualify

Anonymous — Sun, 22 May 2016 00:56:19 GMT

@Anonymous wrote:
Credit Score: 846 Equifax/678 transunion/826 experian(all from myfico)
AAoA 14yrs
# of positive trade lines:3
# of negative trade lines: 1 medical collection from 3 yrs ago paid In full (107.00)
Income: 45,500yr
Lenght of Employment: 14 yrs
Previous Loan Experience: none
Debt-to-Income (DTI): 26
Year of Car: 2016 mazda 6 touring
Miles: 2
Purchase/Refinance: new purchase
Requested loan term (XX Months):60
Down payment amount: 4000
Co-borrower/Co-Signer: no
Other: Looking to get the .9 for 60 months. Sales guy says they use equifax which is great for me. I have found the trim and color I want for 23,999 and there is $1000 customer cash.

Thanks for any feedback I have been stalking the auto section and have used a few tips so far.

When you pulled your score from here, what does it show for you EQ auto enhanced score? That's most likely the EQ score that they use. If it's anything close to our Fico 08 score, you shouldn't have any problems.

Curious-why is your TU score so much lower than the ones for EX and EQ?

Re: Will I qualify

Anonymous — Sun, 22 May 2016 01:18:54 GMT

Irish80 my fico auto 8 is 725, auto 5 728 and my auto 9 is 859. The only reason I can figure the Transunion is lower is that it isn't reporting an AU card that Equifax is. It is my husbands high limit, no lates that I have been on for 4 months now. I just had a notification that my Equifax score jumped 138 points in 9 days when his card started reporting. Thanks for your questions.

Re: Will I qualify

Anonymous — Sun, 22 May 2016 11:01:12 GMT

Mazda Financial Services is Chase Auto Finance. With your stats you will qualify very easily for whatever special rates they are offering. They do pull equifax for sure.

Re: Will I qualify

Anonymous — Sun, 22 May 2016 12:25:09 GMT

Nissanrep thanks for the verification on Mazda/Chase. Now I just have to see which dealer wants my business by coming up with the best deal.

Re: Will I qualify

Anonymous — Sun, 22 May 2016 14:12:43 GMT

@Anonymous wrote:
Irish80 my fico auto 8 is 725, auto 5 728 and my auto 9 is 859. The only reason I can figure the Transunion is lower is that it isn't reporting an AU card that Equifax is. It is my husbands high limit, no lates that I have been on for 4 months now. I just had a notification that my Equifax score jumped 138 points in 9 days when his card started reporting. Thanks for your questions.

That's a huge jump from an AU card :-)

Enjoy the new card when you get it and make sure to post pictures here so we can see it.

PS. You should Google the HIPAA process for that medical collection

Re: Will I qualify

Appleman — Sun, 22 May 2016 15:25:22 GMT

Also, with the scores you should consider checking out PenFed. If you can get 1.49 or 1.99% interest it might be better to take the rebate.

Re: Will I qualify

Anonymous — Sun, 22 May 2016 16:17:24 GMT

Appleman, the salesguy said I would be eligible for the .9 financing And the 1000 dollar's because it is customer cash not a rebate. Do you think I should still try to get In with Penfed?

Re: Will I qualify

RonM21 — Tue, 24 May 2016 01:30:54 GMT

I'd think you'd qualify with ease.