Yeah it is insane! Capital One Auto Navigator prequalification gave me an 11.xx% on the specific vehicle I chose out at Carmax. When I filled an online credit app at Carmax out on the website I was immediately "preapproved" and a salesperson called me and I told him I had a vehicle chosen out from the website I was already interested in, he did the hardpull and ran my credit for that specific vehicle and it came back at a 7.84, 3-4 percentage points lower then the Cap One Auto navigator prequalification. I was insanely shocked. On top of that no proof of income or any stipulations required with any of the 4 lenders that approved me through Carmax (Cap One, Santander, Ally and Exeter) besides my drivers license and proof of insurance.
So many horror stories and misconceptions that it's borderling impossible to get an auto loan after bankruptcy and that you'll be stuck at a skyhigh max APR that they can legally charge you in your state, and that you'll need a massive downpayment, etc.
Chapter 7 Bankruptcy Filed-September 2020 Discharged-December 2020
Kohl's Credit Card $3000 Limit (Opened October 2016) Survived Bankruptcy for whatever reason
Closed Capital One Venture One $3000 Limit (Opened December 2020, Closed by me September 2022 since I wanted the SavorOne and couldn't product change to it)
Capital One Auto Loan (Opened March 2021)
Capital One Cabela's $5000 Limit (Opened December 2021)
America First Credit Union Visa $1000 Limit (Opened December 2021)
Capital One SavorOne $5500 Limit (Opened September 2022)
Sam's Club Mastercard Synchrony Bank $2500 Limit (Opened March 30 2023) (Burned Synchrony in my CH7 BK, One card with a $745 balance)
Idaho Central Credit Union ICCU Visa $10,000 Limit (Opened April 2023)
