Capital One auto

[keikdasneak]

What report did they pull? 

[ngerasimatos]

All three, but they rely mainly on TU

[Anonymous]

keep sending me the letters, but the fine print says you have to have minimum $18K/year. I'm only at $15K/year (unless you count periodic student loans, which would put me closer to $25K). I only want to borrow $7-9K (what I can realistically afford) for a decent used car and pay it off in 2-3 years. Anyone know whether CapOne would approve that? I have two baddies I've been trying to PFD for a few months, total worth abut $800, and one of CapOne's $500 cards that I've had for several years, among other lines. I have a mortgage with a perfect payment record for 2+ years and a PIF personal loan for about $5K. Current scores in my siggy; UTIL should be under 10%.

[Anonymous]

They seem to be pretty strict on the requirements.  I used them 5 years ago, when I received the same preapproval email.  Though the process was really easy, the dealer had to "work the numbers" to get the payment where CapOne required.  They did this by making the service contract 24months instead of 36.

CapOne would not approve until that was done.