@Anonymous wrote:
Could you tell by the score they used what FICO model they used? We're about a month out from applying with our CU, and I'm trying to figure out what scores I should be looking at.
We haven't applied because I don't think we'd be approved right now. I was basing my experience from a phone call I had with someone in the finance office at a dealer. I was very frank with him and I think he returned the favor. From his experience, he said his lenders would typically deny an application with a BK. So he suggested the route you are exploring: a CU. I plan on doing the same this month and will wait to establish some history with the CU. In our case, it may be a year or more before we apply, but I will update this thread with the hope that our experience may help others. If you learn anything from your experiences, I'm sure it would help as well. I have found a few posts here and in RV boards on this subject, but the information is pretty scant. The only real-world success stories I could find involved using the RV as a residence, or in one case, a work-week residence to take a job in a neighboring city to avoid a several hour daily commute. In both cases, I think the person mentioned they financed through their CU.
Could I ask a favor--I just tried to answer my next question with a search here, but I'm still wondering...what types of FICO scores are there, and how different are they? I've read FICO8 all over this forum, but I don't know what that means.
