I took a dive and tried for a motorcycle loan yesterday and got a call from SEFCU (credit union) today that I was all approved, I'm still in disbelief but I picked up a check tonight and signed all the loan documents I'll be picking up the motorcycle tomorrow.
They pulled Equifax got an alert 4 hours after they called me my score today was 637 before and didn't change after the inquiry
I have two bankruptcies one chap 7 in 2002 and one chap 13 in 2004 both still on the report, also had a 3-4 year old judgement of $1800, no collections, and many lates in 2005 and 2006 for sallie mae.
All in all no lates in the last 3-4 years other then judgement
One auto loan since 2008 never late paid on time
Four credit cards at half the limits
One care credit at 3300 of a 4000 limit
total util is 71%
Total income monthly is 5900 gross
Ohh here's the kicker I got 6.24% interest rate on the loan with the auto payment option otherwise I would of got 6.5%
Bank never even mentioned anything about my credit just concerned about proving income and I was good to go....just wanted to post these details in case someone else was curious about any motorcycle loans.
Good Luck and thank you ficoforum !
