Looking through the "Creditpulls", it looks like PSECU pulls mainly Experian and USAA mainly pulls Equifax, and it looks to be more approvals through PSECU.
I'm posting this for my 25 year old son who is looking to purchase a new car. His EQ FICO is 655 and Experian FICO is 679. Is there a better chance of him getting approved through PSECU vs USAA or wouldn't it really make much difference? I did the credit app thing for Marv and he said approved, but I don't want to have to many hard pulls. Right now he has 0 pulls on Experian, but 5 on Equifax (4 are from PSECU from about a year ago when they denied him a credit card and 1 from Sears from about year and a half ago)
The auto loan would be towards a $48,000 car (with tax and fees), with a $10,000 trade and a $1,000 cash deposit, so probably around a $38,000 loan would be needed (that is about his yearly income, and right now he has zero debt)
Another option is a local cu he is a member of, but I think all will be a min of 4.5% so it's just a matter of guessing which might approve him (if any). I was leaning towards PSECU, but with the already 5 hard pulls, it might not be the best choice
Just a little update here. My son talked me into letting him apply at PSECU, against my better judgment. He applied for $39,000 and was instantly approved! I have to admit I was shocked. APR is 4.99 for 72 months. Monthly pmt of $627.91 if he used the entire $39k, but I think he will only need about $37k
I think he could get a better rate than 4.99%.