I received an online preapproval from Ford, but it didn't show the interest rate. I also got preapproval from Chase (have current loan with Chase) at 6.02%, And Wells Fargo at like 13%.
Well, today I called the Ford dealer to get the A-plan price for the car I'm looking at, and the salesman was able to see my preapproval. He said I was approved for top tier, 0%, 60 months with no money down (although I will be making a down payment).
The thing is, about a year ago, three medical collections (smallish) appeared on my reports (working on those) along with a Comcast collection (they can go to hell). I don't want to be negative Nellie, but I'm nervous to get to the dealer and have them tell me, oh...actually your rate is 12% or something. My FICO scores are 624, 634, 648 and I have pretty high util at the moment.
So...am I being paranoid, or could the sales consultant be legit? Have you seen such an approval with scores like that?