Auto Loan Approvals!

aesl1982 · ‎07-23-2019

APPROVING BANK: GM financial/ Flagship credit
BUREAU PULLED: All three
CREDIT SCORE: 530

SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE: tx
NEW/USED: new/new
YEAR OF VEHICLE: 2018/ 2019
MAKE: Chevy Silverado texas edition/ all new ram lone star edition
MILEAGE: 0/0
FINANCE/LEASE: finance

PURCHASE PRICE: 38200/48000
AMOUNT OF LOAN:36200/36000
TERM CONTRACTED: 72
APR/LEASE RATE: 9.9 / 12.9
MONTHLY PAYMENT: 819/795
ANNUAL INCOME: 180k
DEBT TO INCOME RATIO: 20%
MISCELLANEOUS COMMENTARY:

negg · ‎07-23-2019

APPROVING BANK: PenFed
BUREAU PULLED: Equifax(I think)
CREDIT SCORE: 832/800(auto fico)
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: HI
NEW/USED: Used
YEAR OF VEHICLE: 2017
MAKE: Ford
MODEL: Edge
MILEAGE: 12,800
FINANCE/LEASE: Finance
PURCHASE PRICE: $21,800
AMOUNT OF LOAN: $23,500
TERM CONTRACTED: 60
APR/LEASE RATE: 3.49
MONTHLY PAYMENT: $409
ANNUAL INCOME: $68,000

CSR.........11,900.......Delta Amex $11,200.........Marriott Rewards Premier $8000.......Discover IT $9700......Citi Preferred $8600.......Chase Freedom $10,800.....Barclay(apple) $11,600......BofA $1500.......Capital One $7400......FNO $9800......Barclay(Hawaiian airlines)$11,000......Citi Costco $15,000. June 1st 2013 0 credit cards and 575 fico. Today 117K in credit and 812 fico and ZERO INQUIRIES......ZERO. 2018 goal. 825 fico.

MauiMan85297 · ‎07-23-2019

@Anonymous wrote:

APPROVING BANK: Penfed credit union
BUREAU PULLED: Equifax
CREDIT SCORE: FICO 735
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: newy
YEAR OF VEHICLE: 2020
MAKE: BMW
MODEL: M2 Competition
MILEAGE: 9
FINANCE/LEASE: Finance
PURCHASE PRICE: $59445
AMOUNT OF LOAN: $$59,000
TERM CONTRACTED: 60Months
APR/LEASE RATE: 3.99
MONTHLY PAYMENT: $732.58
ANNUAL INCOME: $118,000
DEBT TO INCOME RATIO: 10%

Impossible for your payment to be there based on the rate you gave and the terms-something is off.

Anonymous · ‎07-23-2019

^ Based on his data points he should be at $1,087 ish for 60 months.

Schoolbuskid · ‎07-23-2019

I was thinking the same thing lol, I was like that math is way off.

Rebuilding and Reducing Debt, is my game plan.

Anonymous · ‎07-23-2019

@aesl1982 wrote:
APPROVING BANK: GM financial/ Flagship credit
BUREAU PULLED: All three
CREDIT SCORE: 530
SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE: tx
NEW/USED: new/new
YEAR OF VEHICLE: 2018/ 2019
MAKE: Chevy Silverado texas edition/ all new ram lone star edition
MILEAGE: 0/0
FINANCE/LEASE: finance
PURCHASE PRICE: 38200/48000
AMOUNT OF LOAN:36200/36000
TERM CONTRACTED: 72
APR/LEASE RATE: 9.9 / 12.9
MONTHLY PAYMENT: 819/795
ANNUAL INCOME: 180k
DEBT TO INCOME RATIO: 20%
MISCELLANEOUS COMMENTARY:

wow. You got 2 new trucks? Congrats!

frogfan12 · ‎07-23-2019

APPROVING BANK: EECU
BUREAU PULLED: Equifax
CREDIT SCORE: 756

SOFT PULL/HARD PULL: Hard pull
CUSTOMER STATE OF RESIDENCE: Texas
NEW/USED: Used
YEAR OF VEHICLE: 2014
MAKE: Acura
MODEL: RDX
MILEAGE: 80672
FINANCE/LEASE: Finance

PURCHASE PRICE: $14,288
AMOUNT OF LOAN: $10,167
TERM CONTRACTED: 48 months
APR/LEASE RATE: 5.69%
MONTHLY PAYMENT: $237
ANNUAL INCOME: $60k

After driving the same car for nearly 7 years, I found an offer I couldn't refuse on my dream car so I decided to go for it! Great decision and I'm so happy with my new ride.

Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760

msvee32 · ‎07-25-2019

This is great!!!

Anonymous · ‎07-29-2019

APPROVING BANK: NFCU
BUREAU PULLED: Equifax
CREDIT SCORE: 612

SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE: NV
NEW/USED: used
YEAR OF VEHICLE: 2018
MAKE: Tesla
MODEL: Model 3
MILEAGE: ???
FINANCE/LEASE: Finance

PURCHASE PRICE: 47k???
AMOUNT OF LOAN: 45k
TERM CONTRACTED: 96mths
APR/LEASE RATE: 11%
MONTHLY PAYMENT: 711
ANNUAL INCOME: 70k
DEBT TO INCOME RATIO: 23%
MISCELLANEOUS COMMENTARY: no collections, 2 charge offs. DONT BE DISCOURGAED, KEEP CLEANING YOUR FILES AND GIVE IT A TRY!!!

tbque · ‎07-29-2019

APPROVING BANK: NFCU
BUREAU PULLED: EQ and TU
CREDIT SCORE: FICO Auto 9 EQ = 654 TU = 662

SOFT PULL/HARD PULL: Hard

CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: Refinance
YEAR OF VEHICLE: 2014
MAKE: Audi
MODEL: A4 2.0T Quattro S-Line
MILEAGE: 63,000
FINANCE/LEASE: Finance
AMOUNT OF LOAN: 23,492
TERM CONTRACTED: 60 months
APR/LEASE RATE: 5.29%
MONTHLY PAYMENT: $448

ANNUAL INCOME: $91k
MISCELLANEOUS COMMENTARY: Initially declined on 6/28 by NFCU. Spoke to a Supervisor and Reapplied/Appealed decision requesting a new CR pull today 7/29. Approved within an 1/2 hour. Lowered rate from 28.49% (Santander) and term stayed the same 60 mos. remaining. Still upside down but took the Gap coverage and feel that I’m in a much better position now. P.S. Not exactly sure what FICO versions Navy used but will update when I know for sure.