CAP 1 Auto rejected - while I have a Cap 1 CC

[Anonymous]

Thanks gdale6, trust you are doing great. I checked with grow financial and the be honest I don't why I even join this cu. and also don't know where they pull their credit from. I ha a secure card with them. And they update my credit score every 4 months. My current score with them is 619. 

Credit Tu is 704. Eq 647, hence my question can I apply for a auto with any cu without being a member first ?

[Dj4Money]

 You can try Road Loans, Auto Credit Express, CPS or Westlake.

 However they all involve network dealers. All will make loans for new cars, usually up to about 50K

[Anonymous]

Why did you choose cap1 for your auto loans. 

Knowing what hat you know now would you have changed anything. I mean

1) its known that you got rejected at the pre-qualify level not exactly upon applying. Pre qualify rejection does not necessarily equate to no approval.

2) cap1 gets one hard pull on each bureau. If any is on security freeze its auto rejected for auto loans. 

3) cap1 maximum loan amount is in the early 40's . The higher the loan amount the lower the APR. 

4) cap1 depending on FICO scores require verification/no verification of income. Mid 600's+ is typical no income verification.

 5) cap 1 must have quotas every week/month on auto loans. How else would it be explained. 

[Luscher]

Join DCU for 1.49%

[Anonymous]

@Maharshi

I choose cap 1 because I thought with my cc account with them that might help, 

I also dont think I have a freeze on any of my credit.Ihave been i this country for almost 2yrs plus now.

I was recently pre- qualified for FHA loan. so dont really get why cap 1 reject. 

Any I went to the dealership today and they wanted my to their in hse fianance.. but was afraid to give out my SSn for them to pull my credit.

I will try and join DCU and few others. Thanks for the advice fam

[Anonymous]

@Luscher, will check them out now

[Anonymous]

@ DJ4Money

Thanks bruv

[Anonymous]

I still like the idea of using the dealer. Check their online reviews and whatever other research you must do. There are plenty of finance offices that will cooperate with you. Tell them to limit the inquiries, pick their brain before you hand over credit info.
You said you are checking pricing, that's a good way to find out who is going to be transparent and cooperative.
Ask them if they have credit unions who pull transunion.
They need to sell the car, they WILL help you. I know, I work in the business.

[Anonymous]

Thanks carfinancepro, I found out with Honda they pull from equifax

they asked if I knew my score and I showed them my Barclaysus Vicodin of 742. He said no because he wants to know if that is pulled from equifax