thestudentisready

Just wanted to update to say thanx all (Marv especially). I went to Fairwinds CU here locally, and they gave me options starting around 7 percent (used car). I chose a higher rate, though, because I went with the longest possible term. I figure I still have a home equity line I'm repaying that's now at about 11.5%, so better to have the lowest possible payment on the car and put all the rest I can into getting the home equity line lowered. Anyway, they were great to deal with with one minor glitch. I told them up-front I had no verifiable income last year, but could back up this year, and they said no prob... then they said approved... then when I went in, they asked for last year's tax records.... ... after several discussions and a minor heart attack, they said never mind and approved anyway. PS... I got a $7500 CC to boot on the same pull, and would've redone my heloc with them as well, except house value declined so numbers don't work. Thanks again.

I looked at National city when I was looking for secured... don't know anything about their unsecured.

I'm in Florida. As for other accounts, I have a new car loan and two new cc's... but all too new to report yet, and even the pulls are not on TU.

Looked into it... went with credit union... no downside with CU, and they'll have a real discussion with you about exactly what you want to do and lay out options for which rate at which term length, etc... I felt much better about the whole process since I had the guy at the CU helping me through all the steps. Also, their blank check thing, you need to know before you apply whether buying from a dealer, individual, etc... Turns out I got an amazing deal on a 1 year old car from an individual, saved over $13k off wht the new one at the dealer would've cost, and no issues with the CU... In fact, we walked into the local branch and closed on it right at the CU. Cap 1 could've been an issue according to what their rep told me.

REally? That's funny. I've gotten two preapproved letters from them in the past week, but I hadn't called yet to see who they pull. They're sitting on my counter right now. The letters say 10k max credit line. So did the other two I got recently that don't report yet... I got 7k to start on one and 7500 on the other. How is juniper for increases, etc... and is their 8.9 offer what I should apply for, of is there a way to try to get a better rate or terms from them?

I've got some new accounts that haven't hit my credit yet, and pulls are on eq and ex... plus tu is my best bureau right now in the 700's and shows no baddies. Only potential issue is very high utilization and only one cc (maxed) showing... and good income this year, but near zero verifiable last year ( I don't know if they'd actually want to see that kind of thing.) Anyway, I have a short window here before my average age on accounts drops in half, and want to take advantage of great TU report before anything reappears on it. What's the best CC with best limits, rate, increases, etc that pulls TU?

ok... thx as always... Is there any sort of rule of thumb I should be aware of for type of transaction I'm looking for or... ... just trying to make sure I don't run my credit, get financing, find the car, then have the financing fall through, and have the seller try to trash me for unpaid item at auction, etc... all because I didn't know what question to ask the lender when I got the financing.

So, that sounds like how it would work if I got CU financing here, and bought on ebay, right? I can't see why any dealer would turn down any check from a CU... only issues I can imagine would be the other way around... like finance company would have some sort of rules about who is in posession of car, or insurance for shipping it, or something like that that would cause them to not approve purchase from certain places. Are there particular rules like that I should be aware of if I purchase long distance, but from a licensed dealer in another state (ebay or similar)

What exactly does that mean about not being affiliated? Does that mean they won't finance for a dealer here, or just that the dealers here wouldn't know about them or have access to them, but I could likely approach them myself, then bring their financing with me to whatever dealer I choose?

I was just asking about CU's because I assumed based on general comments I've picked up here and there that they're the best rates I'm going to get... bottom line is I'll go with wherever can give best rate, and if they can open a cc or something like that in the process that's great. Just thought maybe since tu is so much stronger right now there might be some way to get some juice out of that.

Ok... i just looked at that and got quite a headache... but I think I get the general idea... No sense of other qualifications though.... I've been on job only since February... unemployed for nearly a year before that... good income now, but... is this an issue with some lenders? If so, is there a general rule about which (CU's vs banks, or something like that) that I should stick with to avoid having it unravel on documentation type issues?

also, i like the idea of getting a cc with same pull... is this generally possible with most cu's or do I need to do some research to see who I can do that with?

If it's a dealer on ebay, is that still good with most lenders? Do they just approve up to an amount and that's it, or are there certain criteria about which car, values, etc...?

TU is much stronger for me at the moment, and I got all baddies off of it. I missed chance to go to CU today, so none open 'till Monday, but dealer sez that all pull EQ when doing auto loans. Is this true, or can I find a CU or other way to get best rate in Orlando area with a TU pull?

Sorry if this is a tired question here, but I've never done it before, or looked into it... I need to get a new car... thinking about some listings on ebay if I can get car checked out... anyway, I need financing. Scores in 680 to low 700's with very high utilization, but no collections... one very old bk on one report. I'm not really sure how this works. Generally, am I better off going to a local CU or doing some sort of online company... and then, do I qualify up to a certain amount? I don't know what car I want yet, and financed amount could be anywhere from 10-30k. I have only been working for past 5 months... unemployed nearly a year before that, but current paystubs for this year show I'll make good money this year... not sure if that nixes some of options. Any input appreciated. thx.