I finally was discharged this oast Friday after amost 6 months of waiting. I added a creditor late and it delayed everything by 60 days. While I was waiting for my dc.. my brother added me as a auth user on his CC. My current credit scores on credit karma are: Equifax 709 and Transunion 690. I know credit karma is typicaly higher than your real score. Apparently the cc i was authorized on didnt report to Experian.. my score is 609. My car broke down on the first of this year.. not surprising.. it has been a POS since I got it. I really need to get a car aoon and Im waiting for the discharge to report to all credit bureaus as it has only been reported to Experian so far. I was in panic mode when my car broke down and went on cap one auto adv to see if i prequalified for an auto loan prior to discharge.. denied. Wondering if O should try again once my dc is reported to all bureaus or is there a better place to try post discharge? I dont want a fancy car and im not buying a 2k junk car waiting for a better rate. I can refinance when that times comes. Any help is appreciated!!!
Check out CARVANA. Pre approval is a soft pull and will give you solid terms. Lots of vehicles to chose from, easy to filter based on budget or needs/wants, and the process is super smooth. I’m in an open Chapter 13 and they’re working with me with little to no hassle.
I’m not sure there are firm requirements. I’m in an open Chapter 13 (with Trustee approval letter) and they listed my score as a 538 after their hard pull. Pre-Qual was a soft pull and the offered terms didn’t change after the hard pull when I chose to go forward with a purchase. So far the process has been amazing. I’ll post a review once I receive the vehicle and can comment more on the process.
Soft and hard pull were Experian only. Soft for prequalification, hard only after I accepted the terms and selected a vehicle. I don’t recall them giving me a max amount but I was searching under $20,000 because my Trustee letter stated no more than $500/month or $20,000 total. The letter wasn’t uploaded until the transaction was in underwriting so I don’t believe it was a factor. Initial terms were $200 required down payment and 19.4% interest for 72 months. I’m 1 year in to a 5 year Chapter 13 and I have no open accounts since filing so I was actually impressed with the initial terms. I selected a vehicle that was $11,700 and set my payment terms to 60 months which dropped the interest rate to 19.28. Down payment remained the same $200. I’m expecting the vehicle on January 17th so I’ll be able to give a better review after the fact. So far I’m impressed and a huge fan of the process.
I wanted to update everyone. I reapplied for Prequalificarion with Cap one Auto Nav n Monday since my bankruptcy was discharged last Friday. This time they approved me after jist denying me two wks before prior to discharge so make sure ur discharged first! I picked a car went to the car lot, paid $500 down and was approved for a 2018 Mazda 6.. payments $400 a month. So Cap One came theough in the end for me which is who I wanted the loan through. They pulled from all credit bureaus and my Fico score is 650