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Carvana (post BK CH7)

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Carvana (post BK CH7)

Late April (2016) I applied for an auto loan via Carvana. I was approved at 11.95% APR and decided to wait (discharged CH7 12/2015). My offer for financing expired yesterday (06/05/16). So, today I decided to reapply to see what they will offer......... It came back at 8.15% APR. Wow! I thought to share my post BK auto loan story. I still have my 2014 Accord EX-L (financed with Wells Fargo) on Pay / Stay status, as I did not reaffirm the loan. Still on the fence about obtaining a car loan.
BK CH7 (09/15) - TU 439 : EQ 459 : EX 440
Discharged (12/15)
Message 1 of 9
8 REPLIES 8
Frequent Contributor

Re: Carvana (post BK CH7)

Wow that is great! How you raised your scores or what? What did they pull for you?
BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Message 2 of 9
Frequent Contributor

Re: Carvana (post BK CH7)

Yes, when I first applied my FICO was 604 with EX, and now I'm at 632 with EX. They pulled EX & TU.
BK CH7 (09/15) - TU 439 : EQ 459 : EX 440
Discharged (12/15)
Message 3 of 9
Frequent Contributor

Re: Carvana (post BK CH7)

Wait 2 more months, maybe you will get 1.99 LOL!!!Smiley Very Happy


@SacTownGuy wrote:
Yes, when I first applied my FICO was 604 with EX, and now I'm at 632 with EX. They pulled EX & TU.

 

 

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Message 4 of 9
Frequent Contributor

Re: Carvana (post BK CH7)

LOL, right.......
BK CH7 (09/15) - TU 439 : EQ 459 : EX 440
Discharged (12/15)
Message 5 of 9
Contributor

Re: Carvana (post BK CH7)

im curious whats going to happen to your score when the wells fargo goes to paid/closed, can you update us on that, im very curious
Pro Se Chapter 7 discharged July 2015
Message 6 of 9
Frequent Contributor

Re: Carvana (post BK CH7)

Yes, the loan (Wells Fargo) was discharged, and reporting as IIB. So, it's a closed account already, thus I can walk away from the loan at anytime without it impacting my credit, as I did not reaffirm the loan.
BK CH7 (09/15) - TU 439 : EQ 459 : EX 440
Discharged (12/15)
Message 7 of 9
Frequent Contributor

Re: Carvana (post BK CH7)

Bump
BK CH7 (09/15) - TU 439 : EQ 459 : EX 440
Discharged (12/15)
Message 8 of 9
Super Contributor

Re: Carvana (post BK CH7)

I would wait it out if possible. When your scores are in the higher 600's you should get an even lower rate. Obviously I don't know your personal situation Smiley Happy
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
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Message 9 of 9
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