Approved by Chase Bank with a 580 Equifax!!!

[photosofrichard]

I assumed that I would have to go through a subprime lender but I applied through Chase anyway. I was approved for a loan of up to $17,000 for 60 months at 8.29%. I'm shocked by the interest rate. A dealer that I went through told me that the best he could offer me was a loan at 25%.

[tmkats]

I'd like to know how you did that.

 

We tried Chase also when we were trying to get financed and they laughed at us.

[BRBiz]

Really 25%! That's nuts.. Your in subprime land but not that bad.

 

Actually Chase does a lot of sub prime loans. That is a really good rate though for your score.

[ericgunit]

Wow, that's pretty awesome! Congrats! Is your score FICO?

Edited August 4, 2014 by ericgunit

[photosofrichard]

I've had an account with them for about 5 years now so perhaps that has something to do with it? I'm really not sure and I am very surprised.

 

I'd like to know how you did that.

 

We tried Chase also when we were trying to get financed and they laughed at us.

[photosofrichard]

My score is based on the score reported on a rejection letter from another bank.

 

Wow, that's pretty awesome! Congrats! Is your score FICO?

[tmkats]

I've been banking with them for close to 15 years and they never approve me for an auto loan.

 

Congrats and hope it works out well for you.