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MyFako Condones this Crap

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so proud!!!!

 

 

 

APPROVING BANK: Capital One
BUREAU PULLED: TU = Auto Navigator, All Three @ Dealer
CREDIT SCORE: 594

SOFT PULL/HARD PULL:  Both (online soft, dealer hard)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2020
MAKE: KIA
MODEL: FORTE GT
MILEAGE: 12
FINANCE/LEASE: FINANCE

PURCHASE PRICE: $19,632
AMOUNT OF LOAN: $22,132
TERM CONTRACTED: 72
APR/LEASE RATE: 13.2%
MONTHLY PAYMENT: $449
ANNUAL INCOME: $31K
DEBT TO INCOME RATIO: I have some room left...
MISCELLANEOUS COMMENTARY: 10 Months after Chapter 7

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2 hours ago, hegemony said:

so proud!!!!

 

 

 

APPROVING BANK: Capital One
BUREAU PULLED: TU = Auto Navigator, All Three @ Dealer
CREDIT SCORE: 594

SOFT PULL/HARD PULL:  Both (online soft, dealer hard)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2020
MAKE: KIA
MODEL: FORTE GT
MILEAGE: 12
FINANCE/LEASE: FINANCE

PURCHASE PRICE: $19,632
AMOUNT OF LOAN: $22,132
TERM CONTRACTED: 72
APR/LEASE RATE: 13.2%
MONTHLY PAYMENT: $449
ANNUAL INCOME: $31K
DEBT TO INCOME RATIO: I have some room left...
MISCELLANEOUS COMMENTARY: 10 Months after Chapter 7

 

For the same purchase price you could buy two of our vehicles from us, and still have enough left over for a futon and 20 cases of Smirnoff Ice.

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7 hours ago, hegemony said:

so proud!!!!

 

 

 

APPROVING BANK: Capital One
BUREAU PULLED: TU = Auto Navigator, All Three @ Dealer
CREDIT SCORE: 594

SOFT PULL/HARD PULL:  Both (online soft, dealer hard)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2020
MAKE: KIA
MODEL: FORTE GT
MILEAGE: 12
FINANCE/LEASE: FINANCE

PURCHASE PRICE: $19,632
AMOUNT OF LOAN: $22,132
TERM CONTRACTED: 72
APR/LEASE RATE: 13.2%
MONTHLY PAYMENT: $449
ANNUAL INCOME: $31K
DEBT TO INCOME RATIO: I have some room left...
MISCELLANEOUS COMMENTARY: 10 Months after Chapter 7

Another who sure learned from their BK
$449 a month making 31k. Wow

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you claim to make bank but you need a 6 year loan for an aspirational vehicle???

 

 

APPROVING BANK: Infiniti / Nissan Financial
BUREAU PULLED: Experian
CREDIT SCORE: 796

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: AZ
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: Infiniti QX60
MODEL: LUXE
MILEAGE: 5
FINANCE/LEASE: Finance

PURCHASE PRICE: 54,000
AMOUNT OF LOAN: 60,000
TERM CONTRACTED: 72
APR/LEASE RATE: 0%
MONTHLY PAYMENT: 790
ANNUAL INCOME: 375,000
DEBT TO INCOME RATIO: 1%
MISCELLANEOUS COMMENTARY: declined, they offer 0% for business loans as well and just asked for my EIN to run our business credit and put it under that name

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Posted (edited)

THIS IS WHY YOU DON'T FINANCE FOR MORE THAN 36 MONTHS especially on a used car when you don't have a lot in the bank...ETA: and there must be something else going on assuming FICO is the score mentioned... I'm betting high utilization on comenity and synch turds.

 

 

I'm in a weird spot and unsure how to proceed. I have a POS Ford Focus thats at the end of its life and Ford no longer wants to fix. It will cost me 2 grand to fix the car (stutter, transmission shift) for the 3rd time or so. I want to stop pouring money into it, and my mother keeps pushing me to a guy who just sold her a new car. 

 

I still owe $5000 on the car [BUILT IN 2012]. I don't want to keep making payments on a non working car. The value of the car is only around $2000. 

A dealership will not cover that 5 grand (unless I can find some crazy rebates). Capital One Auto Prequal told me it would finance 24,600[IS CRAP1 CRAZY? 24.6K FOR SOMEONE WITH 26K INCOME?] but I didn't know how set in stone their prequal was and how to factor in the previous car.

 

I just need a working car. Is there anything I can do, or am I just stuck? Thanks!

 

Credit Score: 640-660 

AAoA: 3.5 years

# of positive trade lines:19

# of negative trade lines:1 - Medical collectioon from 2016 for $160 - Bull city [TOO BAD S/HE ISN'T READING CB'S MEDICAL SUBFORUM]

Income:26000

Lenght of Employment:2 years

Previous Loan Experience: Auto loan 2016 - Credit Acceptance - high % [come on... tell us the APR]- still owe 5k

Debt-to-Income (DTI😞 29% with car payment (362 currently)

Year of Car: current 2013

Miles: 122K

 

Down payment amount:

Co-borrower/Co-Signer: Not available

 

 

 

 

Edited by hegemony

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48 minutes ago, hegemony said:

THIS IS WHY YOU DON'T FINANCE FOR MORE THAN 36 MONTHS especially on a used car when you don't have a lot in the bank...ETA: and there must be something else going on assuming FICO is the score mentioned... I'm betting high utilization on comenity and synch turds.

 

 

I'm in a weird spot and unsure how to proceed. I have a POS Ford Focus thats at the end of its life and Ford no longer wants to fix. It will cost me 2 grand to fix the car (stutter, transmission shift) for the 3rd time or so. I want to stop pouring money into it, and my mother keeps pushing me to a guy who just sold her a new car. 

 

I still owe $5000 on the car [BUILT IN 2012]. I don't want to keep making payments on a non working car. The value of the car is only around $2000. 

A dealership will not cover that 5 grand (unless I can find some crazy rebates). Capital One Auto Prequal told me it would finance 24,600[IS CRAP1 CRAZY? 24.6K FOR SOMEONE WITH 26K INCOME?] but I didn't know how set in stone their prequal was and how to factor in the previous car.

 

I just need a working car. Is there anything I can do, or am I just stuck? Thanks!

 

Credit Score: 640-660 

AAoA: 3.5 years

# of positive trade lines:19

# of negative trade lines:1 - Medical collectioon from 2016 for $160 - Bull city [TOO BAD S/HE ISN'T READING CB'S MEDICAL SUBFORUM]

Income:26000

Lenght of Employment:2 years

Previous Loan Experience: Auto loan 2016 - Credit Acceptance - high % [come on... tell us the APR]- still owe 5k

Debt-to-Income (DTI😞 29% with car payment (362 currently)

Year of Car: current 2013

Miles: 122K

 

Down payment amount:

Co-borrower/Co-Signer: Not available

Let me guess...by "Ford no longer wants to fix" they mean free of charge under some manner of after-warranty adjustment.

 

I've seen PLENTY of older Ford products through the years that were in the bay.  Some people just prefer to take their early 60's land yacht to the dealer they bought the car from IN the early 60's.  Sure finding a shop monkey who can set points may be a task and they don't know what to do with a 6V generator, but SOMEONE at the shop will do it for a cost...

 

Granted, these are the few and far between cases, but they are being disingenuous to claim the dealership won't fix it...

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On 8/1/2020 at 3:27 AM, TheVig said:

It's 2020 and he owes $5000 on a 2012 Ford Focus.

 

^^^^ It's 5am, and I'm having one of those "let that sink in" moments.

Well that poster said they financed through Credit Acceptance, which does not surprise me in the slightest. They are known for charging 20%+ interest on car loans, so this person has probably paid for that car several times over by now.

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Posted (edited)
On 7/28/2020 at 7:00 PM, hegemony said:

and people think my siggy is I am large and unreadable!

 

Edited by cv91915

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Posted (edited)
41 minutes ago, hegemony said:

WTF is your problem? not enough poor people to belittle?

:lol:   Good lord, that was a joke. 

 

I'm prone to joking.  Ask around.

 

Edited by cv91915

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40 minutes ago, cv91915 said:

:lol:   Good lord, that was a joke. 

 

I'm prone to joking.  Ask around.

 

without context it reads as if you once again manipulated a post of mine to insult me for no obvious reason. But whatever, just claim it was a joke.

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42 minutes ago, hegemony said:

without context it reads as if you once again manipulated a post of mine to insult me for no obvious reason. But whatever, just claim it was a joke.

The obvious reason is I thought it would be funny, especially since it was in response to your own self-deprecating remark.  :) 

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40 minutes ago, cv91915 said:

The obvious reason is I thought it would be funny, especially since it was in response to your own self-deprecating remark.  :) 

May I remind you that this thread is for mocking and laughing at poster on myfuko so that we may feel better about our own sub-optimal choices. There are plenty of other threads within which we can mock and laugh at each other and ourselves. Please stay on topic. TIA and congrats!

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in honor of @bigpoppa09 let's get this back on topic...

 

 

Quote

Just went on a SCT binge to see what would happen.

 

I already have two Comenity Cards:  Beals Florida ($300) and Bed Bath and Beyond ($250)

 

The limits on those cards a abysmal.  The Beals card I have had just over a year and CLI request

went to "Under review".  BBB card is new and get auto decline for CLI due to it being a new account.

 

SCT 1: got the pop up at William Sonoma and was pre approved for $1500. 

SCT 2: got the preaproval notice at Appliance Connection for $1500 completed app and got "Under Review"

 

I think that I got under review because the apps were less than 10 min apart?

Really do not understand how I get a $1500 SCT approval and having a hard time 

with CLI on two cards that do get a good bit of use and never carry a balance.

 

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84 months... had negative equity and will continue to for YEARS!

 

 

 

e: Auto Loan Approvals!

APPROVING BANK: Toyota financial
BUREAU PULLED: all three
CREDIT SCORE: (auto 😎 TU- 683, EQ: 625 EX: 622

SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE: DC
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: Toyota
MODEL: RAV 4 
MILEAGE: 175
FINANCE/LEASE: Finance

PURCHASE PRICE: $27,411
AMOUNT OF LOAN: 33,873 (had negative equity from trade in and added on additional free maintenance)
TERM CONTRACTED: 84
APR/LEASE RATE: 6.29%
MONTHLY PAYMENT: $505
ANNUAL INCOME: $46k
DEBT TO INCOME RATIO: 
MISCELLANEOUS COMMENTARY: going to try to refinance in a few months with penfed or navy [good luck!]

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7 hours ago, hegemony said:

84 months... had negative equity and will continue to for YEARS!

 

 

 

e: Auto Loan Approvals!

APPROVING BANK: Toyota financial
BUREAU PULLED: all three
CREDIT SCORE: (auto 😎 TU- 683, EQ: 625 EX: 622

SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE: DC
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: Toyota
MODEL: RAV 4 
MILEAGE: 175
FINANCE/LEASE: Finance

PURCHASE PRICE: $27,411
AMOUNT OF LOAN: 33,873 (had negative equity from trade in and added on additional free maintenance)
TERM CONTRACTED: 84
APR/LEASE RATE: 6.29%
MONTHLY PAYMENT: $505
ANNUAL INCOME: $46k
DEBT TO INCOME RATIO: 
MISCELLANEOUS COMMENTARY: going to try to refinance in a few months with penfed or navy [good luck!]

Added on additional free maintenance???

What? Sounds like someone thinks a prepaid maintenance package is free if rolled into financing. 

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10 hours ago, hegemony said:

Yikes. Nothing like making impulse purchases like that based on 'sales'. 

 

And then the price was the same online weeks later... 🤷‍♂️

 

These are the same people that think they are getting a hell of a deal at Kohl's (not knocking those that shop there, just making the point they are hardly ever selling anything at the sticker/msrp price). 

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