Chase Auto Loan Offer

[Harvey26]

Chase has got to be some of the funniest people. I have over 50k in assets with them and an 812 EX score according to them and this is what im being offered. 

[LakeLife]

Without knowing your income, I can't fully comment other than I've been offered a much higher amount from them.  I do my checking/savings with them but have much less in assets with them.  My salary is $158,000, and I just completed their prequalification form with this result:

[Gladius]

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@Harvey26 wrote:

Chase has got to be some of the funniest people. I have over 50k in assets with them and an 812 EX score according to them and this is what im being offered. 

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Did you do the pre-qual first?  I agree.  That amount is an insult!!  I just did the pre-qual "just to see" what would happen and got approved for up to $88k.  My scores are lower than yours (mid 700s) but I don't know what your income is.

[iced]

I would imagine income and DTI are factoring in to the amount. Mine also came in with a lower amount than I would have liked, but my mortgage has pushed my DTI up into the high teens, so I could see them weighing that against me.

I don't keep much with Chase directly, but they have visibility to accounts showing my available liquid assets and those show up on my login page so they know what I have available. It doesn't seem to have affected the pre-approval amount.

[Dadof31978]

sorry to spread the news, $50k isn't a lot and means nothing to the bank..more like $5 mm for someone to manually take a look at your file.

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@Harvey26 wrote:

Chase has got to be some of the funniest people. I have over 50k in assets with them and an 812 EX score according to them and this is what im being offered. 

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[Harvey26]

@LakeLife Did a prequal and came up with 50K. 

[Beefy1212]

I keep < 5k in my chase account. F8 score in the 740's and they have been practically throwing hookers in my window to accept a 35k pre-approved. 

I find it funny they are so eager for me to buy a car when they know I just bought one last July...

[ghector]

Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!

[disdreamin]

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@ghector wrote:

Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!

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I also have three credit cards with them, and my prequal was also denied. It was because my reports were locked at the time, and I was unwilling to unlock because I wasn't ready to move on the loan.

[ghector]

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@disdreamin wrote:

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@ghector wrote:

Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!

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I also have three credit cards with them, and my prequal was also denied. It was because my reports were locked at the time, and I was unwilling to unlock because I wasn't ready to move on the loan.

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I unlocked my Experian to do the prequal- do I have to unloack all 3??