Refi with WF Auto

[Deltadog03]

Awaiting to see if my wife and I get approved for a refi with Wells Fargo Auto.  Applied this afternoon and didn't hear anything.  Will call in am to follow up.  I know they used EQ.  From what I can tell they use the AUTO ENH version which would put my score around 650.  I do have a BK7 2 years ago...What do yall think?  A shot at an approval?  According to the rep, the retail should be right about what we owe right now.  Thanks everyone!

[Anonymous]

i think you have a good shot. They approved with a repo from 5-6 years ago. with an auto enhanced score of 620 eq at 6.9%. Everyone else denied me. This is with a dealer realtionship with their rep which helps, but you have a higher score, and no repos your bk is at the right age for you to start seeing more approvals. Keep us posted

[Deltadog03]

Awesome!  Thank you for the reply.. I am hopefull as well.  How long did it take before you knew?  Hoping to hear something tomorrow am.

[Deltadog03]

Interesting. I know they pulled EQ yesterday from the app and I got a CK alert from it as well, but this morning myfico said they also pulled EX. That Normal for them? I don't mind as its my best score and report.

[Deltadog03]

Update. Got approved but at 15.56 APR. And they used my higher EX scores.   Ummm what? And that high?  I told him no thank you. 

[SamsungHDTV]

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@Deltadog03 wrote:

Update. Got approved but at 15.56 APR. And they used my higher EX scores.   Ummm what? And that high?  I told him no thank you. 

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Try local credit unions.

[Deltadog03]

Awesome!  Thank you!  I should be able to do better than that right? Even with a 2 year old BK and my scores? 

[Deltadog03]

GREAT advice Samsung!  Thank you sooooo much. I just go approved at 1 of the local CU for 8.99% and they even shaved off a few months on the loan and lowered our montly payment by about $40.  woooohooo!!   We had 16.5% APR with cap 1

[Anonymous]

congrats!!!  exciting, what credit union?

[madmann26]

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@Deltadog03 wrote:

Update. Got approved but at 15.56 APR. And they used my higher EX scores.   Ummm what? And that high?  I told him no thank you. 

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We've banked with them for 10 years.

Went to refinance our auto, they came back with an APR higher then what we had. I was astounded but I am not surprised this happened to you.The higher the APR, the more money THEY make per month from you.