Cap1 Auto

[christypagano]

my scores were 580 the first time and 625 the second time and we used the blank check program.  I loved it!! You have so much more room to negotiate.  I felt like a cash customer.

[Anonymous]

My credit scores were all around the 550s - 570s last year. 

[Anonymous]

I know it sounds fishy, but can I get the Cap1 Blank Check WITHOUT W-2's?  Will recent pay stubs suffice??

[Takunda1]

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LEEHI wrote:

I know it sounds fishy, but can I get the Cap1 Blank Check WITHOUT W-2's?  Will recent pay stubs suffice??

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If you have no w2's you will be required to fax your tax retrns for the past year & two most recent pay stubs. Howver that does not guarantee approval. There sill also be employment verification, through your companies hr.

 

[Anonymous]

Okay, here's my full story...

I work for my dad at our family business.  I make $8.00 an hour, but my husband makes much more.  What I would like to do is use my husbands income combined with mine to qualify for the loan, but I don't want to use his scores.  They're significantly lower than mine.  Our tax returns reflect our combined income, so if I submit our returns, we have enough income, but if I submit just my w-2's, it looks like I can't afford it, you know??

So do you think I can pull this off?

I have about $800 in CC debt, spread over 6 Cards, and that's all I pay every month.  My husband pays our rent and utilities, so I can afford it on my income alone, but it probably wont seem that way on paper.

Any advice?

BTW, I technically am our companys HR!

Message Edited by LEEHI on 03-19-2008 02:41 PM

[Ashley1980]

If I may ask, how good was your credit when you applied?  Seems that that is a great program but sounds like you would have to have excellent credit.

[Anonymous]

Cap1 blank check program...very easy so far...i apped today and got approved..check will be in hands tomorrow...you will have to fax over a paystub and a copy of your drivers license and then provide two references online...instant online approval

[Anonymous]

I applied online through Lending Tree and was approved for a Cap One auto loan at 6.5% (around there).  When I called about the income verification, they said I had to fax the last two year's tax returns since I'm self employed.  They said if I didn't hear back from them I'd get my check in the mail.  Not long after I got the blank check and bought my car Saturday.  The only thing that makes me nervous is I had applied the same way, through Lending Tree/Cap One, in December before I started looking for a car, was told I was approved but never sent verification, and just Saturday got a letter in the mail with the number for the December application on it saying I was denied.  I have a Chapter 7 discharged in 2004 and my scores are TU 604, EQ 669, EX 673. 

I really am sort of nervous that even though I've already bought the car and the e-mails I received said I was approved, the person I spoke to on the phone said I was approved, the automated recording at Cap One said I was approved, and the blank check package said I'm approved and was accepted by the dealer that something is going to come back on this and they'll change their mind due to the fact that I got that letter regarding the december application.  The check I used was for an application I made in March.  When I faxed my income verification I specifically put that application number on the info.

[Anonymous]

I have used Cap 1 Auto finance several times over the last 15 years and normally for me they always pull TU to base the loan on then will pull the other 2 Eq/Exp after the fact for your file. I have purchased 5 cars from them and everytime they have initially pulled TU. I have a good score and could easily go elsewhere and get a little better rate, but with the blank check it is like cash and I can more than make up the difference in rate through dealing on price out the door. I have never been asked to verify any information myself for Cap 1 but that is me I just applied on line and in 60 secounds Get my rate term and max amount recieve packet in 3-4 days never had a problem with Cap 1 if you pay your bill each month you will never hear from them I have had 1 call in 10yrs from Cap 1 and it was just when I changed Insurance Company. This is just my experience with them, I will use no one else for my auto needs quick & easy!!!!!

[newmomnewme]

They pulled all three for me January 2012....but when we discussed financing, he used EQ.  I didn't use the blank check program, but my scores were mid to high 500s...maybe 560-580; definately not 600!