Approval chances

[Anonymous]

I started a new job a few months ago where I make 15 an hour. I paid off all my credit cards completely and my total bills including rent, utilities, phone, and gym membership is $405. My credit score according to credit karma is 720 and 721. I also got an email saying myfico 8 score is 752. What do you guys think my chances are to get approved for 25-30k?

[Anonymous]

If your scores are over 700 you should have no problem getting qualified.  I would join one of the credit unions like Penfed or DCU and apply for a loan with them for the best rates and to have a preapproval in hand when you go shopping.    

[elim]

Should be good. Join PenFed one day and go car shopping the next.  :]

[Anonymous]

I have a credit union of Georgia and Usaa. Would you say any credit union or more specifically those you listed?

[Anonymous]

---

@Anonymous wrote:
I have a credit union of Georgia and Usaa. Would you say any credit union or more specifically those you listed?

---

There are many great credit unions, Penfed and DCU get probably the most love for great rates here, I have a loan through NFCU and one through Penfed, my credit was a bit better for the Penfed loan so the rate is a little lower but I suspect all things equal Penfed, DCU and NFCU would be about the same.  You can check the rates with your local credit union and compare them with the credit unions we mention to determine what is the best way for you to go.  USAA is not competitive on rates so I would not consider them personally, great for insurance but their lending products like car loans and credit cards are not as good as the credit unions.

[Anonymous]

It looks like my credit union will give anywhere between 2.49- 3.74. I guess I'm not worried about my interest it's more of the chances I'll get approved for the amount I'm asking.

[jdxprs1]

Getting approved is the easy part. Paying a $500 car payment, plus gas maint. and insurance on $15 an hour is the hard part. You should be looking to spend $15k

[Anonymous]

well the good thing is I have a company vehicle that I drive to and from home Monday through Friday. So the car will just be weekends. What do you guys think of nationwide? They preapproved me for 30k with a 3 percent interest rate.

[bigpoppa09]

---

@Anonymous wrote:
well the good thing is I have a company vehicle that I drive to and from home Monday through Friday. So the car will just be weekends. What do you guys think of nationwide? They preapproved me for 30k with a 3 percent interest rate.

---

3% is not bad if u are ok with it don't know much about Nationwide auto loans i did have auto insurance with them back in the day. Also to add they just sent me a pre approval for a auto Refinance don't need both of my auto loans are with the Capitive they can't touch the rates i already got. On a side note i read some reviews on Nationwide one person posted process was easy got the pre approval bought car Esigned all docs said it was easy peasy.  Also i forgot to add if u go through with it post data points please the score version they use if they ask for POI -  Proof of Income  ECT.

[Anonymous]

I don't mind that interest it's pretty good I think and yeah I'll for sure let you guys know what the outcome is.