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Auto loan

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tinkytoo
Regular Contributor

Auto loan

APPROVING BANK:capital one (carmax)
BUREAU PULLED:unsure
CREDIT SCORE:548 EQ, 602 TU, EX unknown
CUSTOMER STATE OF RESIDENCESmiley SurprisedH
NEW/USED:
YEAR OF VEHICLE: 2007
MAKE: Chevrolet
MODEL:malibu
MILEAGE:22000
RETAIL/LEASE:
AMOUNT OF LOAN:12000
TERM CONTRACTED:72
APR/LEASE RATE:18.9
MONTHLY PAYMENT:294 with max car service plan
MISCELLANEOUS COMMENTARY: Interest rate a killer but I plan to continue to work on my credit then ref with a credit in about 12 months. The buying process was painless. I never thought I would be able to get financing with my scores but I kept reading this forum for hope and It paid off. I put 1000 down



Message 1 of 3
2 REPLIES 2
Tazman81
Established Contributor

Re: Auto loan

Awesome.  Yeah, I agree, the interest rate is up there, but no worries there, soon you will be able to get that refinanced and go from there.  Can I ask, do you have a mortgage?  Reason I ask is because I have heard that capital one is more favoritable to those that have a mortgage.  Oh, and I think very highly of CarMax.  I've only had good experiences with them.


Current Score: Eq: 823 Tu: 830
Goal Score: Eq: 850 Tu: 850

Wallet: PenFed Power Cash 50k | AMEX Blue Cash (AU) 49.5k | Cap One QSMC 26.5k | AMEX Platinum NPSL | USAA Signature Visa 25k
Message 2 of 3
tinkytoo
Regular Contributor

Re: Auto loan

no I don't have a house, it really surprised me because I have a charged off credit card with capital one which resulted in them filing a judgement against me. It is however 6 years old but it is still on my credit report so I didn't think they would approve me but my prayers were answered anything is posible.

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