Who were approved through post BK and some details...

[Kuya]

Thanks. I hope you are right! They are my highest FICO at 703. I will be testing the waters with them this coming week.

Do you, by any chance, know what Bureau(s) Ally pulled?

[Kuya]

Discharged 5/12/11
Applied 5/16/11

Trans Fico: 703
EQ Fico: 666
Exp Vantage (fico not avail) 777


Capital One - Denied
Chase - Denied
Lots of other banks - denied
One unknown subprime bank (forget the name) Approved at 13%

Finally, my local Credit Union: Approved
Car: 2010 Cadillac SRX, AWD, Premium
Final negotiated price: $34,995
down: $0
Term: 72 month
APR: 5.9%

[Flatbroke1]

In Dec 2010 I was approved with Chase @ 12% on a 2010 HHR for about $13000 at 60 months. I paid ahead each month. May 2011 I refinanced with my credit union @3.35%! (Since I was a new CU member I had to pay Chase for 12 months to develop a good pay history, but the CU approved after only a few months). We have a Capital One card since July 2010 which we use and pay in full each month in order to rebuild our credit. Other than the car and paying off our Capital One each month we are debt free and intend to stay that way, other than home or car payment. Someday we do plan on buying a house. And we do have a cash emergency fund. BK 7 was the best financial decision I ever made!

[tobee43]

In Dec 2010 I was approved with Chase @ 12% on a 2010 HHR for about $13000 at 60 months. I paid ahead each month. May 2011 I refinanced with my credit union @3.35%! (Since I was a new CU member I had to pay Chase for 12 months to develop a good pay history, but the CU approved after only a few months). We have a Capital One card since July 2010 which we use and pay in full each month in order to rebuild our credit. Other than the car and paying off our Capital One each month we are debt free and intend to stay that way, other than home or car payment. Someday we do plan on buying a house. And we do have a cash emergency fund. BK 7 was the best financial decision I ever made!

thanks so much!! that's a GREAT success story about getting back on ones feet! congrats to you.


edit...oppppps.....i wll be paying CASH for my next one whether it's 15k or 1500.00 LOL!!!

[jb1231]

Discharged 10/2009

Applied 6/7/2011 through Capital One
Approved amount: up to $28,710
Rate: 9.41%
Term: 72 months

I haven't picked out a vehicle yet but am looking at Hondas.

[jlynn275]

Discharged March 2011.
Applied Capital One June 2011 - only requested 18,000.
Approved 7.12% for brand new
8.19% for a 2009
(and the others of course in between)
60 months

Found a like brand spanking new 2009 Hyundai Sonata with 30,000 miles for $15,000
Putting $4000 down. Payments will be around $270, but will be paying $900 a month for as long as we have no mortgage/rent. Currently have the car waiting for dealership to see if he can find us a better rate (friend of my husband)...if not, we roll with the cap one. Oh, also got 100,000 mile warranty on the car.

My equifax was 659
Husbands 619

[jb1231]

I bought car last week. Cap One was offering 9.4%. Dealer gave 7.3%. I'm still waiting on the funding though so the Lo Jack can be installed. Not sure what's taking so long.

[mjengineer]

Date Discharged: June 30th, 2011
Lender: Ally Financial
Date Applied For: July 1st, 2011
Approval Amount: $22,000
Interest Rate: 14.1%
Term: 72

My Credit scores were about 630

[hedgecat]

Date Discharged: 5/3/10
Lender: Capital one
Date Applied For: 07/08/11
Approval Amount: up to $24,000
Interest Rate: 5.4%
Term: 48

I should mention that I applied for and got a Capital One credit card a few months after discharge. I've used it and paid it off for over a year and they've raised my credit limit. My FICO is 641. I was thrilled with my rate.

[tobee43]

Date Discharged: 5/3/10
Lender: Capital one
Date Applied For: 07/08/11
Approval Amount: up to $24,000
Interest Rate: 5.4%
Term: 48

I should mention that I applied for and got a Capital One credit card a few months after discharge. I've used it and paid it off for over a year and they've raised my credit limit. My FICO is 641. I was thrilled with my rate.

[may]

Date Discharged: 6/30/11
Lender: Capital One
Date Applied: 7/5/11
Approval Amount: up to $12,000
Interest Rate: 12.94%
Term: 60 months
Payment if full amount used: $272.61/month
Vehicle must have under 70k miles.

We were also approved through another bank at 11% interest on a brand new truck.

Equifax - I was 620 or so and DH was 580 or something like that. I can't remember exactly because the dealer showed it to us so we could sign it.

[jj26]

Discharged: 9/2009
Lender: Cap One
Date Applied: 7/2011
Approval Amount: up to $19000
Interest Rate: 8.9% @ 60 months

A couple weeks back I went to a few dealers and financing was pretty much 22%-24% through the various lenders incl. Road Loans. Road Loans was surprising since I got a much lower rate (14.9% I think) from them a year ago when looking around and ended up not buying. Recently got a Cap One credit card, so decided to try them for the auto loan after reading about them here. Not sure if having the credit card helped with my auto loan through them or not. Scores were between 660-685. Still looking and deciding about getting a car at this point.

I remembered how much I can't stand car dealerships, the only place that didn't irritate me was Car Max since they don't bother you with that "let me go talk to the manager" garbage.

[JvilleGarden]

Date Discharged: 3/11/11
Credit Score prior to Discharge: 512 (exp)
Credit Score after Discharge and clean up: 627 (exp)
Date Applied For: 7/31/2011
Approval Amount: $15,000
Interest Rate: 11.99%
Term 48 months

[jmcm030111]

Date discharged 8/10/11
Credit scores 550 - 600
Applied for: $24,000
Interest rates on 4 offers: 9 - 15%
Accepted: 9.14% 72 mos. $24,000 w/$2,000 down and 3 personal references
Lender: Wells Fargo
2011 used vehicle

Was much easier than we anticipated.

[IBroke]

Soooo...unfortunately, the repair-bills on our 200 Mercury Sable we just paid off got out of hand so I had to get a new ride.

Credit-score: 589 (could have been much higher if I would have been prepared)
Financing Amount: $22,845 financed over 66 Months.
Interest-Rate: 18.24%
Lender: Drive Financial Services

2009 Lincoln MKZ, Certified Pre-Owned, 40k miles, still under manufacturer's warranty, CPO-warranty expires 12/2014 or at 100k miles.

I'm going to refinance this loan after making the initial 6 monthly payments. I should be able to get a much better interest-rate once my discharge had its anniversary and my score is back up at about 660.
Right now, I'm happy that I'm driving a reliable car again and got rid of that ticking repair-bomb.