Hi myFico Family,
First, thank you all for posting your experiences and advice. It has really helped me during my rebuild. I wanted to share some information with everyone. I filed BK7 2/2019, I was discharged 6/19. After BK my scores were horrible TU 485, EX 505, EQ 515. I was approved for a couple Capital One cards and a Capital One auto loan in 10/19 @ 12.99apr. Last week, I tried to refi my auto loan at Consumers Credit Union and was approved for a 5.49apr (not the best but I am happy and grateful). They pulled TU. My scores are now TU 636, EX 647, and EQ 663. I was planning to wait until next year, when some of my inquiries and other baddies dropped off. For those interested, you can go to their website and click “check your rate” it’s a soft pull and the system will tell you an estimate of what your interest rates will be… mine were pretty accurate. I was offered some of their other products, but decided to wait since I don’t want to add any new cards to the mix at this time. I really want my scores above 680 before planning to make more credit moves. I talked to my loan officer who finalize everything Friday, and she said once I’m at 680, they would offer me their top tier credit cards and loan products.
The only negative thing I could say about my experience is that it took a lot of verification to open a savings and checking account. Like all CU you need at least a member saving account to join. They are located in IL and I’m in MD so it was a ton of back and forth through their portal. Overall, I had a really good experience, great loan officer and thought I would share for others who are interested in refi their auto loans.
Starting Score: EQ: 565 EX: 572 TU: 571
