Auto Loan Approvals!

[Anonymous]

Ahhhh...my fav vehicle was my wrangler! We had 10 great years together! Enjoy it! 

[Anonymous]

Hey u mentioned that u updated your address with chase.

Did u do online or did u call?
I'm reading a lot of complaints about updating address. What was the process?

[Anonymous]

Loan from the dealership

APPROVING BANK: Westlake Financial
BUREAU PULLED: All 3
CREDIT SCORE: 573
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 22,590
TERM CONTRACTED: 60
APR/LEASE RATE: 22.99
MONTHLY PAYMENT: $572
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 9% at the time 
MISCELLANEOUS COMMENTARY: Few baddies left from repairing credit

Refinanced after all my baddies were removed

APPROVING BANK: Seattle Metropolitan CU 
BUREAU PULLED: Experian
CREDIT SCORE: 653
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23,595
TERM CONTRACTED: 60
APR/LEASE RATE: 8.99%
MONTHLY PAYMENT: $495
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 21% at the time 
MISCELLANEOUS COMMENTARY: Clean report, thin file AAoA 7 months, 

[Loquat]

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@Anonymous wrote:

Loan from the dealership

APPROVING BANK: Westlake Financial
BUREAU PULLED: All 3
CREDIT SCORE: 573
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 22,590
TERM CONTRACTED: 60
APR/LEASE RATE: 22.99
MONTHLY PAYMENT: $572
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 9% at the time 
MISCELLANEOUS COMMENTARY: Few baddies left from repairing credit

Refinanced after all my baddies were removed

APPROVING BANK: Seattle Metropolitan CU 
BUREAU PULLED: Experian
CREDIT SCORE: 653
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: FORD
MODEL: F150 Supercrew XLT
MILEAGE: 72,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23,595
TERM CONTRACTED: 60
APR/LEASE RATE: 8.99%
MONTHLY PAYMENT: $495
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 21% at the time 
MISCELLANEOUS COMMENTARY: Clean report, thin file AAoA 7 months, 

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Congrats on ridding yourself of the negative info on the credit reports and even more so on the nice APR reduction!

[NJ_Patriot]

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@padme wrote:

APPROVING BANK: ALLY
BUREAU PULLED: TU
CREDIT SCORE: 662
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Honda
MODEL: Civic Type R 
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 25,000
TERM CONTRACTED: 60 M
APR/LEASE RATE: 3.95%
MONTHLY PAYMENT: 460
ANNUAL INCOME: 73k
DEBT TO INCOME RATIO:30%
MISCELLANEOUS COMMENTARY: 4 Years post BK7, no auto loans prior since BK, 108k in CL's across 15 cards, 10% CU.

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How in the world did you get a Type R with a loan for $25k? Did you pay the other 8-10k out of pocket? It's a beautiful car and I really would like to get one next year when my current lease is up. You're payments are exactly what I'd be comfortable with lol

[Tigremalo2001]

Crickets sounds..Is anybody getting any auto loans lately? Or Are you guys waiting for the 2018 to come out and get deals of 2017-2016 still on the lots.

[Emyshor]

APPROVING BANK: First Tech CU
BUREAU PULLED: Experian
CREDIT SCORE: 827
CUSTOMER STATE OF RESIDENCE: Oregon State
NEW/USED: NEW
YEAR OF VEHICLE: 2017
MAKE: Toyota
MODEL: 4Runner Limited
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 24,670
TERM CONTRACTED: 84
APR/LEASE RATE: 3.5
MONTHLY PAYMENT: $331
ANNUAL INCOME: 92,000
DEBT TO INCOME RATIO: 15% at the time 
MISCELLANEOUS COMMENTARY: I had a 2012 4Runner for trade in, got $25,000 for it. Paid the balance left (about $6900) and the rest I've put down for the new one.

The MSRP was $45,000 but I've got it down to $42,470 + docs (no sales tax in Oregon).

[Vee25]

APPROVING BANK: ToYota Motor Credit
BUREAU PULLED: EQ/TU
CREDIT SCORE: 624/637 auto score 8
CUSTOMER STATE OF RESIDENCE: Virginia
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Toyota
MODEL: RAV4 XLE AWD
MILEAGE: 40
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32561
TERM CONTRACTED: 72
APR/LEASE RATE: 5.9
MONTHLY PAYMENT: 572.00
ANNUAL INCOME: 108450
DEBT TO INCOME RATIO: .022
MISCELLANEOUS COMMENTARY: Will make larger payments and payoff sooner. Better rate than I thought, though regular fico scores are 615/657

[Anonymous]

I'm also looking to get approved for about 40k as well. My scores are approaching 700. I've read lots of folks NexGen is higher than expected, especially higher than 3 bureaus. Was yours higher? Also i read where they're switching to FICO 09 scoring. Was your 661 the same when you got membership? 

[Anonymous]

APPROVING BANK: PenFed
BUREAU PULLED: EQ
CREDIT SCORE: 805 They pulled the new Fico 9 score which was my highest scoring.
CUSTOMER STATE OF RESIDENCE: OR
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Land Rover
MODEL: All new Discovery
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 58,000
TERM CONTRACTED: 72 M
APR/LEASE RATE: 3.25% their current lowest rate for a 72m
MONTHLY PAYMENT: 887
ANNUAL INCOME: 110k joint
DEBT TO INCOME RATIO:12%

They also approved us for their PenFed Power cash rewards card with a limit of $37,000!!! Wow our next highest limit is $11,000 with capital one travel rewards so I wasn't expecting such a high limit. Also, this is our 2nd auto loan with PenFed (paid off)