cabledude Posted April 1, 2004 Report Share Posted April 1, 2004 Just want to thank everyone for providing guidance in cleaning up my credit. Was a bit nervous this morning going into the dealership with the following Fakos:EQ 681TU 641EX 635Certianly not the best scores in the world, but I walked out with $20K auto loan at 4.99%. When I checked PG this evening I figured they pulled EQ, but they actually pulled my worst EX. Go figure, but it worked anyway. I know asking for deletions of lates when I paid off balances made the difference. I never would have even asked about that if it was not for this board. Thanks to all!!! Link to comment Share on other sites More sharing options...
J_Snow Posted April 1, 2004 Report Share Posted April 1, 2004 Good for you..Man.. I got screwed... I'm getting on the phone tomorrow... Link to comment Share on other sites More sharing options...
DocDon Posted April 1, 2004 Report Share Posted April 1, 2004 Congrats! From what I understand, a lot of finance companies put the cutoff at a 640 score. This doesn't mean go crazy and run up a bunch of inquiries trying to get financed when your physical report is not that strong, but it also means you don't need a 750 to get a good deal either. Link to comment Share on other sites More sharing options...
rgates1 Posted April 1, 2004 Report Share Posted April 1, 2004 Wow thats crazy,.you got a 4% interest rate with a 635 score. Is that the standard. Is 640 really the cutoff point. Wow that gives me hope on one day getting a new car soon. congratultions.rg Link to comment Share on other sites More sharing options...
DocDon Posted April 1, 2004 Report Share Posted April 1, 2004 For a number of creditors. The paperwork I saw (sitting on the salesperson's desk) was from National City, and their cutoff showed 640. Link to comment Share on other sites More sharing options...
J_Snow Posted April 1, 2004 Report Share Posted April 1, 2004 My new car loan-had to be 720+ to get the best rate at the time which was 3.9-This was beginning of March. The rates were tiered below that at about 15-10-5 point intervals. My score of 661 rated me at 7.9. I talked them down to 6.2 and he would have gone to 5.9 if I had agreed to all the extra insurance, pre-paid maintenance etc. I said no. So I got 6.2.I now have actual damages because of the scum sucking CA that re-aged a 16 yo account and placed it on my CR in Feb... Rat Bas.... Mickey Mouse losers! Link to comment Share on other sites More sharing options...
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