No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
APPROVING BANK:Ally
CREDIT SCORE: EQ: 653 (three scoresavailable to me are 702,703 and 712)
CUSTOMER STATE OF RESIDENCE: al
NEW/USED: used
YEAR OF VEHICLE: 2010
MAKE: Chevy
MODEL: Suburban
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32000
TERM CONTRACTED: 48 months
APR/LEASE RATE:5.99% ($658/MO)
INCOME: $>200k
MISCELLANEOUS COMMENTARY: WHY is my auto enhanced score so low? NEVER a late car payment, 2nd ally loan, 6th car loan, available credit low and 2 30 day late department store payments in last 2 years. Is this for real? Acceptable rate, but expected better!
@Anonymous wrote:APPROVING BANK:Ally
CREDIT SCORE: EQ: 653 (three scoresavailable to me are 702,703 and 712)
CUSTOMER STATE OF RESIDENCE: al
NEW/USED: used
YEAR OF VEHICLE: 2010
MAKE: Chevy
MODEL: Suburban
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32000
TERM CONTRACTED: 48 months
APR/LEASE RATE:5.99% ($658/MO)
INCOME: $>200k
MISCELLANEOUS COMMENTARY: WHY is my auto enhanced score so low? NEVER a late car payment, 2nd ally loan, 6th car loan, available credit low and 2 30 day late department store payments in last 2 years. Is this for real? Acceptable rate, but expected better!
Hello and welcome.
One thing I will ask is where did you get your scores? They might not even be FICO scores. That might be why your EQ Auto Enhanced score is so much lower. No one has been able to buy their own Experian FICO score since February of 2009. Creditors can pull Experian and also there is a CU (PSECU) in Pennsylvania that supplies that information to it's members only. You can only buy true FICO scores at a few places. One place is here at myFICO. I suggest you do an internet search for "myfico discount codes" to save a little money.
You can also purchase your Transunion score at www.transunioncs.com. At www.equifax.com EQ will still sell you an EQ FICO score but you they make it very hard to find.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
INCOME: $62,000Annually
MISCELLANEOUS COMMENTARY:I've been looking foward to the day I could finally post in this thread. The car was 13,700 and i had to put down 3K, but the finance manager let me give him a post dated check. I plan on refinancing in 6 to 12 months so I can get a decent rate, but for now it dont get no better. There was a "small" dent on the rear bumper but i got them to agree to fix it for 10% off. Thanks you Americredit and to all the extremly knowedgable people on myfico
INCOME: $60,000 annual
MISCELLANEOUS COMMENTARY: I really liked their used car rates so I applied and requested just $6500... it was approved instantly on-line. I have two paid CO's from 2006 with 22% util and I was denied for their famous '20/20K Visa Combo' a month before due to too many new accounts and inquires. The process was very quick and simple, everyone at PSECU has been great when I contact them. It took just two days for the AutoDraft to arrive and buying from the dealer was a breeze. Just negotiated a price, calculated tax/tags/title, filled out the blank check, and I was on my way out the door within 15 minutes.
INCOME: $60,000 annual
MISCELLANEOUS COMMENTARY: The experience at the dealer was great. VW uses VW credit, Wellsfargo and Chase. I asked for Chase since I bank with them and got it.
LS1...Thanks for posting this! I just joined PSECU and was hoping for an auto loan through them. I have ALOT of auto inquiries and new account inquiries so I wasn't sure if I should wait a few months. I know not to try and get the visa, but maybe I'll go ahead and try for the auto loan. We seem to have around the same Fico's . I'm just waiting on my first set of scores from PSECU and then I'll try it out
Well, it's been a tough, long and trying journey.. But thanks to the forums I was able to get the car I've been wanting for years!
APPROVING BANK: SafeAmerica CU (Local)
CREDIT SCORE: Experian Auto Enhanced 680 (myfico TU: 654, EQ: 656)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2009
MAKE: Subaru
MODEL: WRX STI
MILEAGE: 11500
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 31000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 6.45%
INCOME: $>100k
MISCELLANEOUS COMMENTARY: Trade-in equity of $2500 plus $3500 cash down. Gap coverage and extended warranty was included in the loan. Dealer did an awesome job, didn't really plan on getting the car that day but they gave me a deal I couldn't refuse. They shotgunned my CR but it was because a few of the local CUs wouldn't approve the amount financed due to lack of history. Had two derogs on EX, one paid the other with a $1500 balance/6yr age that I was in the process of disputing.
INCOME: $35,000 annual
MISCELLANEOUS COMMENTARY: $1,000 down payment. I had a great experience with the sales person and financial manager. I told them up front what my credit score was and they worked to make sure that I got a deal that was within the same range as my previous car payment. Also, they cut the price of the car by $3,400 to put me in the right price range for the car that I really wanted. I told them up front that I was concerned about financing and when they put the paperwork through, they told me that I was being financed by Bank of America. However, when they came in with the paperwork they had a last minute offer from Wells Fargo wanting to know what they had to do in order to get my loan, which caused my interest rate to be dropped by .5%. It really felt great to know that people were trying to get my business instead of trying to find one that would just take it. This is the greatest car that I have had to date and I got it all on my own with no help from anyone or a co-signer, with the best interest rate that I have ever had. The finance manager told me that next time I came in all I would need to do is pick out the color of whatever vehicle I wanted. Amazing experience and very excited!