American Honda Finance

[AtlantaWill30339]

After eyeing a particular Honda for well over a year, I'll finally be biting the bullet to purchase in a few weeks. Back in Feb or March when I thought I was semi ready to purchase, I applied with American Honda Finance and was denied for "Not enough positive accounts" (despite not having any delinquencies but one medical bill that went straight to collections since my ch 7 bk that was discharged 2/2010) and "Too many recent inquiries" (I think I had about 6 then.)--they pulled TU and I was around 625 then. Has anyone recently applied with them or in a similar situation? My fall back plan is financing thru my CU, but doubt the rates would be better than thru Honda

[AtlantaWill30339]

Bump. Anyone?

[sccredit]

Do not apply directly on their site.  Go to the dealer.  Have your CU as a back up.

[AtlantaWill30339]

Thanks

[Anonymous]

It's a little late since you posted 3 months ago but I was just approved with a very evil Equifax score of 666 for a 16K loan at 4.49% with 2k down payment.

[Anonymous]

have you checked honda financial pre qual on their page ?

[EddieK]

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@Anonymous wrote:

have you checked honda financial pre qual on their page ?

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Unless you want a HP on your credit, do not do their pre-qual online.  Sure, it might pre-approve you, but when you get to the dealership, they'll run your credit again.

[credit-hunter]

Makes sense good info EddieK