Capital One Auto Finance

[joy1979]

Hello Everyone,

I was wondering if anyone here has ever been approved thru Capital One after filing BK. I have a credit card with them that I got after filing BK in 2002. A couple years later they start sending me pre-approval letters for a car loan, but when I tried inquiring about it they told me I wasn't eligible due to the BK that's on my credit report. So basically I'm confused as to why they would keep sending me the pre-approval's...

[Anonymous]

My brother received an auto loan from them at 7.6%, his BK was in 2000 and will remain on his CR till 2010.

However, he has pretty much perfect credit since the BK and has FICO 730-750 at the time of his loan.

He then re-financed that loan later with Alliant CU at 4.6% after I told him he should join.

[joy1979]

Thanks for replying txjohn. I guess I'll try to apply again after I get my score up a bit more.

[Klaws1000]

I was discharged in 2/2009 from a Chapter 13 BK and Capital One approved me a couple of weeks ago at variable rate (based on the YEAR of car I was interested in getting) - if I bought a 2009 my rate would have been 7.2% - If I purchased a 2007 my rate would have been 8.5%. 

I received a much better deal thru my CU though and didn't go through with the loan.  Back to your original question, I don't understand Cap1's reasoning b/c they approved me with my BK on my report.