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3 years ago
Fri Oct 15, 2021 3:38 am
SoonerSoldier33
Seasoned RebelTeam Cash Back
Last edited by SoonerSoldier33 on Fri Oct 15, 2021 5:42 am, edited 1 time in total.
Hello all,
I have been recently approved for an auto loan from Affinity FCU. I will be executing the loan within the next few days, and all of the sudden had a catastrophe occur that I'm hoping will not sabotage the process. I was wondering what knowledge the group here may have on this subject.
The short version of this story is that my EX report had recent baddies all resolved with $0 reported balances and a FICO 8 of 704 when I applied for the loan. It was conditionally approved pending POI and a vehicle purchase order. I submitted the pay stubs, and received another email saying the loan was fully approved pending the actual purchase order of the vehicle. Fast forward a couple of days, and an ugly installment loan CO that had previously only been reporting to TU and EQ all of the sudden slammed into my EX report causing my FICO 8 to free fall down to a paltry 637 which Affinity would likely never give an approval for. So, the HP Affinity has on file from just a few days ago shows my FICO 8 at 704, and the loan approval is good for 45 days. My question is, does anyone have any knowledge or experience on whether Affinity will do a SP of my EX report again in the process of actually executing the loan? I will be going to purchase the vehicle early next week, and am a little terrified that they will SP, see the huge change in score and awful baddie with a balance, and deny the loan. If anyone has knowledge or experience on this, I'd love to hear it. Thanks.
I have been recently approved for an auto loan from Affinity FCU. I will be executing the loan within the next few days, and all of the sudden had a catastrophe occur that I'm hoping will not sabotage the process. I was wondering what knowledge the group here may have on this subject.
The short version of this story is that my EX report had recent baddies all resolved with $0 reported balances and a FICO 8 of 704 when I applied for the loan. It was conditionally approved pending POI and a vehicle purchase order. I submitted the pay stubs, and received another email saying the loan was fully approved pending the actual purchase order of the vehicle. Fast forward a couple of days, and an ugly installment loan CO that had previously only been reporting to TU and EQ all of the sudden slammed into my EX report causing my FICO 8 to free fall down to a paltry 637 which Affinity would likely never give an approval for. So, the HP Affinity has on file from just a few days ago shows my FICO 8 at 704, and the loan approval is good for 45 days. My question is, does anyone have any knowledge or experience on whether Affinity will do a SP of my EX report again in the process of actually executing the loan? I will be going to purchase the vehicle early next week, and am a little terrified that they will SP, see the huge change in score and awful baddie with a balance, and deny the loan. If anyone has knowledge or experience on this, I'd love to hear it. Thanks.
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FICO Metrics Junkie. Birdman's Padawan. Team Garden Party as of November 2023. Boomer Sooner!
- Tagline Team Cash Back
- Score data TU FICO 8: 641 EQ FICO 8: 616 EX FICO 8: 649
- Classic 8 Scorecard DIRTY/DELINQUENCY/RECENT
- Mortgage Scorecard DIRTY/DELINQUENCY
- AoOA 9 years 7 months
- AoORA 8 years 9 months
- Date of Last Inquiry and/or New Account Opening November 27th, 2023
- Garden Goal 24
