Applied for eloan auto loan... needs verification?

Hey I applied for a auto loan with eloan. Got an email saying I was conditionally approved, and to call a number to verify certain information in my application and credit report.

Has anyone ever dealt with this and eloan? What do they look for?

Applied for eloan auto loan... needs verification?

Conditionally means now they run the credit checks etc. If the credit is lousy you will get turned down or offered an outrageous interest rate.

Why eloan as opposed to a local condern where you can get your questions answered?

Applied for eloan auto loan... needs verification?

This is usually done for a couple reasons. First they want to verify that you are actually you, and someone else is not trying to open an account in your name.

The second thing is that they are probably going to want to verifify your income. So if you have not already done so they will probably want you to send a copy of a couple of your paystubs.

Neither of these is anything to worry about if all of the information you entered on your application was correct.

Applied for eloan auto loan... needs verification?

greta is correct....%26quot;conditionally%26quot; means nothing until they pull your credit file......and then that will tell the true story or at least it should...but then again, why use them and not one that is local where you will have easy access to your credit file?

Do a background search on eloan......

Fifth Third Bank auto loan payment?

I sent in in an auto loan paymen to fifth third bank aprox a week or so before it was due (i sent it on a friday) and it was due on dec. 30th. It still shows it hasnt been taken out of my bank account. Is it because of the holiday you think? i just dont want them to tell me to send another payment and then they %26quot;magicallyapply 2 payments to the account.%26quot; Anyone have similar problems with this?

Fifth Third Bank auto loan payment?

We have car loan through them. I would try and call to see what the holdup is? You do not wanting this to show on your credit has a negative when in fact you paid on time.. Good Luck!

Fifth Third Bank auto loan payment?

Probably because the mail is slow.

Fifth Third Bank auto loan payment?

yes and also the weekend

Fifth Third Bank auto loan payment?

When the payment is received during the holiday season it usually takes them an additional 3 - 4 Business days on top of that for the check to be processed. They will however back date the payment to the date it was received. Have you tried making payments online with online banking? Or set up an Autopayment debit so you won't have to worry about the mail anymore.

Fifth Third Bank auto loan payment?

i would not be concerned as it usually it takes a few days once received to have it posted, but be assured they can not play with your cashed check as they are audited yearly by the state. also the holiday mail will play a large part for the delay as well.

Fifth Third Bank auto loan payment?

I had written a check in my town and it was deposited into there bank on the 21st and did not come out of my account for a week so dont stress just yet.

Down payment on bank auto loan?

If I get an auto loan from a bank, would I need to put up a down payment with a 700 FICO score? The loan will be from $12,000-$14,000.

Down payment on bank auto loan?

Here's a hint...credit unions usually finance 100% of the MSRP plus taxes, tags and other items like Mechanical Breakdown Protection insurance (a/k/a MBP or extended warranty) and GAP insurance. (GAP insurance pays the difference between what your insurance company pays and the payoff of your loan if your vehicle is totaled in an accident. You should always purchase GAP if the vehicle you're financing is at or near the book value.)

The dealer will try to sell you both MBP and GAP insurance but it's cheaper through the credit union!

Your score is very good and you should get close to their premium rate if not the premium rate. Interest rates are generally determined by your credit score and whether you're purchasing a new or used automobile. The better your score the lower your interest rate.

You'll find that the interest rates charged by credit unions are equal to or less than those charged by banks. This is because credit unions are there to serve and operate on much smaller profit margins...banks are there purely to make as large of a profit as possible.

To find credit unions (and their websites) near you go to www.ncua.gov and look in the Resources for Consumers section. The website will list their current interest rates so find the credit unions for which you qualify for membership (look for community credit unions) and compare the rates. You'll be pleasantly surprised.

You can find financial calculators to help you determine your approximate payment at www.cuna.org in the Consumer Information section.

Down payment on bank auto loan?

Usually no. You can finance 100% of it.

Down payment on bank auto loan?

With a 700 fico score the bank should allow you to borrow without a down payment, as long as the price that you are paying for the car is not out of line. When you pick out a car, ask the dealer for the wholesale value or %26quot;left side%26quot; of the NADA Book. Lets say the car you pick has a left side value of $10,000. With you high FICO score, your bank should loan up to 150% of left side or $15,000. If you are paying more than that they may ask for a down payment.

Down payment on bank auto loan?

For most lenders, no down payment is required for that credit score. And in fact most will go to 110% to 130% of MSRP or NADA retail value for taxes, add-ons or you have negative equity on a trade.

Can I get an auto loan with a credit score of 545?

Recently the transmission went out in my husbands truck and the price to fix it is more than the truck is worth. We decided it's time to buy a new truck, but I'm concerned that we don't have the credit to finance a $20k truck. I have financed a car before and all of my payments were made on time, and the car is now paid off. I pay all my credit cards (3) off every month, on time. We did have a large amount of debt, but we took out a loan (with a co-signer) to consolidate our debt. What are the chances with I could take out a $20k auto loan with this credit score?

Can I get an auto loan with a credit score of 545?

Well first I have to say with a credit score of 545 something went horribly wrong. You say you paid off the last vehicle and make timely CC payments but that score is practically rock bottom, what happened?

The short answer to your question is yes, auto financing companies are more than happy to lend to people with bad credit for two reasons: Obscene interest rates and the likelihood of default. If you default on your loan your interest goes even higher and if the vehicle is repossesed they recover the auction price and you are still beholden to them to pay off the rest at userous interest rates. They make a ton of money off of you. Not to mention the late fees they will hit you with. It's an unethical, predatory, practice to entice someone with loans they have proven they are unable to pay off. But there are plenty of companies ready, willing, and enable, to trap you into an astronomical interest rate. Car dealerships all maintain relationships with sleazy finance companies to get you into a car. Capital One is probably the biggest player in the game.

I would forget the 20K truck and look for something more within your means. Absolutely nothing wrong with buying pre-owned at less than half the price. With a credit score like yours your options are very limited when it comes to financing. The dealership will most likely put you into a truck at 20% or higher interest, in some states they can legally charge you as much as 35%, just be prepared to pay out the nose. Also be prepared to pay your bills on time, every month, to increase your score. Then within 8 to 10 months you should look at re-financing with another comapmy at a lower rate. There is relaly other way you can do this.

Can I get an auto loan with a credit score of 545?

I think these are some useful sites: http://autoloanguide.automobil... Report It

Can I get an auto loan with a credit score of 545?

Your odds of securing that loan with those circumstances are better with an independant lender than they would be with the lenders the dealerships use plus your rate will probably be lower. The following site has a free quote feature for car loans. You can see what you will qualify for and what the payments will be.

Can I get an auto loan with a credit score of 545?

Anyone can get a loan but with that credit only subprime lenders will even consider you - and at crazy rates (20%+). If you can use a co-signer again that will save you a bundle.

Can I get an auto loan with a credit score of 545?

Yes you can. Here is a best Auto financer offering great deals.No matter what

is your credit score.Check the offer and you can apply online also.

Best luck,

http://lnk.in/487w

Can I get an auto loan with a credit score of 545?

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I need a big auto loan. i have some questions. please help.?

i am soon to be 22 years old. i got my first credit card at 18yrs old and immediately maxed it out ($6500 limit). i made a late payment about 6 months into paying off the amount, but all other payments were above minimum and on time. late last year i paid off the rest of it (about $4000) all at once. i cut up my card and havent used it since.

i work part time (4-5hrs a day) at my moms law firm. i make around $500 every 2 weeks. i have no expenses (i dont pay rent, i dont pay auto insurance, i dont drink, etc..) my schedule is very flexible and i can work more hours anytime i wish.

i want to take out a $30,000 auto loan over 60 months. i calculated that with an average interest rate of 7.45% that monthly payments would be $600 a month. this is absolutely fine for me because im a car enthusiast and dont mind paying that at all for the car i want (03+ bmw m3, doesnt depreciate much at all)

is it possible to be approved? i can also have my mom or dad cosign. mom: lawyer, dad: cpa

I need a big auto loan. i have some questions. please help.?

You can't afford that car without working more hours. A lot more hours by the sound of it. At $10/hour, which is what it sounds like you make, you'll need to work full time without any other expenses to be able to afford the payment and insurance. With your short credit history, a history of maxing out your credit, and the late payment on your record, you are not going to get a loan at 3 - 5% like the previous poster wants you to believe. i wouldn't even bother to contact that person. I doubt you would get one at your %26quot;average%26quot; caluclation of 7.45% either. I'm guessing that with your income and credit, you can get qualified, but it'd be closer to 15% APR.

I need a big auto loan. i have some questions. please help.?

try some big bank

I need a big auto loan. i have some questions. please help.?

It may be possible with your parents as a cosigner, but from what you are telling me: you make $1000 / month and want to spend $600 on your auto... Insurance will most likely run you $400/ month ... the loan alone would put you at a 60% debt to income ration which is well above the acceptable range for most lending institutions.

If your credit is not very good either I wouldn't expect approval.

Definitely go in and have a parent cosign.

Then you may be able to do it.

Also realize that a brand new car like that will lose about $10k when you drive it off the lot and most likely continue to depreciate quite quickly for the rest of its life.

I personally look for the one year old leased vehicles. There is usually very little wear on them and the price is so much better. And you don't just throw away $10k to buy something shiney.

Best of luck!

I need a big auto loan. i have some questions. please help.?

personally, I'd purchase something a little less expessive and

build up to the %26quot;best on the lot%26quot;. Why go all out on something

that depreciates so quickly and puts you in the position of

using so much of your spendable cash ?

I need a big auto loan. i have some questions. please help.?

From my experiences, I say that it is very likey that you will be approved.

If you decide to try to get the car yourself, you might have a slight chance of getting approved for that vehicle.

Heres Why,

1) When trying to a car loan, banks look at your total income, debt to income ratio, and credit history.

2) Your debt to income ratio is very low because you have no major bills to pay, so all your income goes to your pocket.

3) You did once have a credit card that you have paid off.

One missed payment is ok but aslong as its payed to atleast 65% of its limit you are ok. If the credit account is still open, thats even better because its considered established credit and its in good standing.

But keep in mind, if you are approved without a co-signer, there could be a possibility of a higher interest rate, which means higher car payments. Also take into account, auto insurance, gas, and other expenses. like going out to the movies.

If you parents co-sign, you highly likey to be approved, because they make more income and if they have good credit your interest could be below 7% which means lower car payments.

Talk it over with your parents and see what they will consider a good idea. Although your parents may decide that you should get a cheaper car.

I need a big auto loan. i have some questions. please help.?

Why would you get such a big car loan? That is straight bad debt. You will most likely be upside down in it from day one, never to be able to sell it for what you owe.

Why not get your credit scores, shop around for car loans, see what you can and should reasonably afford, and then go look for a vehicle?

If you can have you cash or financing in place, you can get the best deals. I would recommend using something like cars.com and buy from a private seller. You can find motivated sellers, check out the car in advance, and in some states (like AZ you don;t pay tax on what you buy through the paper). You would be surprised at the great cars you can find- and that you could turn around and sell to get your money back out, or even make money on if you wanted.

My long winded point is that there is a smart way to by a vehicle and a dumb way- and you will suffer if you choose the dumb way.

I need a big auto loan. i have some questions. please help.?

If your parents are willing to co-signed, and they own their home, it might be better if they got a 2nd mortgage. That way the loan can be longer and the payment lower. They also may be able to deduct the interest on their tax return.

I need a big auto loan. i have some questions. please help.?

i think that the below website will help you to find the right solution

I need a big auto loan. i have some questions. please help.?

hi

I need a big auto loan. i have some questions. please help.?

With your parents as co-signers, they can probably get a good rate with good credit. You don't qualify.

You keep saying you won't pay insurance. Then somebody else must be paying the insurance? Your parents, maybe? The lender will require you to have fully paid-up insurance.

I need a big auto loan. i have some questions. please help.?

probably with a co signer you could get this loan

Can i get an Auto loan for about 25K$ with bad credit.?

I just checked my credt score and they were 605, 595, 585. Well i was planning within a few months to purchase a new vechile for about 25K with about 2 to 3K$ for a downpayment. My credit report has alot of accounts that went into collection and late payments but were all paid off early 2007. So far i have an auto loan and a mortgage and student loan that i have good standings. Overall i have 1/2 accounts that are bad and 1/2 accounts that are good and some inquiries. I now make 50K$/year which was alot more than last year. All these bad accounts were caused during my college years.

Any input is appreciated.

Can i get an Auto loan for about 25K$ with bad credit.?

no, especially with this poor economy.

Can i get an Auto loan for about 25K$ with bad credit.?

1.800.BARNONE

Can i get an Auto loan for about 25K$ with bad credit.?

You may be able to, but they're gonna want a cosigner.

Can i get an Auto loan for about 25K$ with bad credit.?

no,either you will have to put down around 7-9k and have a co signer. so maybe you should wait a few years

Can i get an Auto loan for about 25K$ with bad credit.?

you'll probably get it,but int rate will be high - set your sights on a lower priced car

Can i get an Auto loan for about 25K$ with bad credit.?

no..no one will take a chance on you because of how bad the economy is.

With my current history, will an auto loan score me a decent used car?

I am 26 years old, have a very poor score (which has increased btw), from 430 to 507 in a matter of just a few months. I had a repo in November 2005, but it is paid off since and listed on my credit report as a charge-off but also as %26quot;paid%26quot;, (which I did). I do not see it as repo on the report and is now currently marked in a green box for the latest month as %26quot;OK%26quot;. I earn 35,000 gross annual and have been at my job since Sept. 06 now. I would like to put down 1,000 dollars on a certified used vehicle for somewhere under 9,000 or 10 at the most. However, the only way I can do it is with an auto loan. If I apply for one at the car mall and receive it, will this cover everything? What would my interest rate be? (Ball park figure). Thank you.

With my current history, will an auto loan score me a decent used car?

Based off the information you provided, you will qualify for a 21% rate or whatever is the state maximum is where you live. I would try going to the link below and getting prequalified for the loan as different lenders will be bidding on giving you credit. This way you will get the lowest APR available. You will then have to get the car from a new car dealership. And the dealership will make sure all the conditions for the loan are met. You may need to put down a bit more than the $1000 and will be limited to about a $430/month payment.

http://www.lendingtree.com/stm3/loans/au...

Good luck!

With my current history, will an auto loan score me a decent used car?

With a credit score of 507 you won't get a 10k loan without an excellent co-signer. If you were lucky to get finacing you would get a rate of about 28.99%. You are better off getting a couple of credit cards and building you credit for another year. It will allow you to build up your score to at least 560. If you need a credit card go to www.orchardbank.com or capitalone.com and get a card, use it and pay it on time every time. For $10 a month you can use www.mycreditkeeper.com and track your score daily, it also has a what if calulator. It will give you sanarios like adding a card and paying on time for 6 months and what impact it will have on your score. If you need a car really bad you may have to pay for it outright or go to www.jdbyrider.com and get a high interest finance loan. My score is 710 and I can walk into a bank and get a $10,000 loan with just my signature so work towards that.

With my current history, will an auto loan score me a decent used car?

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My advice