11-27-2008 07:11 PM
Is Roadloans one of those creditors that is going to give you a high interest rate no matter what? I was approved for 19K at 13.X percent on a 60 month new car loan and it's really high for what I was expecting. My equifax score is 717. Debts include 3500 left on a mortgage and 6K left on a student loan. No credit card or any other debt. Six years of credit history (I'm 24). One negative mark on my report for making a payment on a previous car loan 30 days late while I was unemployed 4 years ago.
Capital One didn't approve me. Up2Drive did approve me, but I'm not sure of the rate until I call them when they're back in the office on Friday.
I don't expect to get a 5.X percent rate, but I really thought I would see something between 8 and 10 percent. The 13% interest rate from Roadloans has just put a question mark in my head.
11-28-2008 11:27 AM
Update: I've been trying to contact Up2Drive all day. Was on hold for 45 minutes this morning and decided to leave a call back number. Still no word from them.
However, Old National Bank approved me for 18K at 9.1% for 60 months this afternoon. My previous auto loan was with them.
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