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eloan requirements

Discussion in 'Credit Talk' started by quigs, Apr 2, 2002.

  1. Apr 2, 2002 #1
    quigs

    quigs Well-Known Member

    What score and credit profile does eloan look for as minimum?
     
  3. Apr 2, 2002 #2
    QUEEN_BEE

    QUEEN_BEE Well-Known Member

    I applied with Eloan for a car-refi loan. They ONLY use Household, their affiliate. So whatever Household's requirements are, thats it. You might as well apply directly with Household so that you do not get two inquiries, one from Eloan and another from Household. They both zoinked me...
     
  4. Apr 2, 2002 #3
    quigs

    quigs Well-Known Member

    Thank you very much. I was just filling out an eloan app. Going over to household..
     
  5. Apr 2, 2002 #4
    mel

    mel Well-Known Member

    Be careful...when I applied with Household Auto, they pulled Equifax and denied me. When I applied through E-loan they pulled Experian, forwarded it to Household which also pulled Experian, and I was approved...

    Fickleness....
     
  6. Apr 2, 2002 #5
    matt_r

    matt_r Well-Known Member

    Do you remember what your EQ and EX scores were when you applied?
     
  7. Apr 2, 2002 #6
    QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Eloan and Household both pulled Equifax on me.
     
  8. Apr 2, 2002 #7
    mel

    mel Well-Known Member

    Sure, I live in CT so I don't know if they pull a different report based on where you live. My Equifax score was a 603 but my current auto loan showed massive lates (5-30 day; 5-60 day; 3-90 day). My Experian was a 570 but my auto loan due to my disputes had been updated to a perfect payment history.

    May I also suggest roadloans.com they offered me a rate 2.45% lower than household at the time. Household however, has a program where they reduce your rate 3% after 6 months of payment (without a new credit app). Roadloans seems to always pull Experian.
     

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