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APPROVING BANK: Capital One
BUREAU PULLED: Equifax
CREDIT SCORE: 720 (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: Used
YEAR OF VEHICLE: 2010
MAKE: Mercedes-Benz
MODEL: ML 350
MILEAGE: 35,500
RETAIL/LEASE: Purchase
AMOUNT OF LOAN: $25,000
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 4.3%
MONTHLY PAYMENT: $388
ANNUAL INCOME: $160,000
MISCELLANEOUS COMMENTARY: Was told that if the car was a 2011 it would have been ½ point lower (or if I bought it in late December 2012)
@ madmann26 My intrest rate from capital one (EX 610 FICO) is @15.83% for 2012 19k and up with a repo from 6 years ago. I find it funny how a big bank like cap one could give me a secured CC with a low deposit and auto loan not in the 20-25% range while my own bank denied me (Wells Fargo), USAA denied me (I once had them for my auto insurance), & Penfed denied me but gave no reason why they denied but they allowed me to join them anyway. Roadloans was laughable they wanted 22% intrest!
NFCU hasen't sent me my registration letter so ill call tomorrow and applyfor an auto loan. I want to give my explanation for the repo 6 years ago. Is this what you had to do to get approved?
Congrats @rdfico.
My mom is in the process of fixing her credit and your credit score is definitely an inspiration.
@yodi2007 wrote:@ @madmann26@ My intrest rate from capital one (EX 610 FICO) is @Anonymous.83% for 2012 19k and up with a repo from 6 years ago. I find it funny how a big bank like cap one could give me a secured CC with a low deposit and auto loan not in the 20-25% range while my own bank denied me (Wells Fargo), USAA denied me (I once had them for my auto insurance), & Penfed denied me but gave no reason why they denied but they allowed me to join them anyway. Roadloans was laughable they wanted 22% intrest!
NFCU hasen't sent me my registration letter so ill call tomorrow and applyfor an auto loan. I want to give my explanation for the repo 6 years ago. Is this what you had to do to get approved?
Yodi,
Surprisingly, their pushback was not even auto loan related. It was for an old mortgage account.