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50k Loan Approval odds

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josie
Regular Contributor

Re: 50k Loan Approval odds

I will be trying for that same vehicle in February. Hoping my scores get to where it needs to be by then. Salary is about the same as you. Only thing other thing will hold me back is the CO's on my credit report.

Started over because life happens.
I did it again even better this time. My highest score last time was 680

Starting Score: 513 Ex 520 Eq 534 Tu
Current Score: 689 Ex 684 Eq 698 Tu
Goal Score: 740


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Message 11 of 12
dunn2500
Established Contributor

Re: 50k Loan Approval odds

I got 50k loan with 665 auto score in may ...by far NFCU was easiest loan process ever......think Navy uses auto 9 becasue my experian and credit karma score were way lower than what Navy said it was.....i did have perfect payment history on vehicles....my auto 9 is almost mid 700s now.......the real question is to find out what scoring model a specific auto lender is going to use since they vary quite a bit

 

plus no down payment is needed and you can shop around and arent tied to any dealer.....they just cut you a check, and my interest rate was far lower than any dealer was quoting me.....no downsides whatsoever

 

and to think in aug of 2019 i had no credit score whatsoever.....notta

Message 12 of 12
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