Valued Member
Posts: 25
Registered: ‎06-07-2011


I was approved for a loan through road loans . Com and was approved for a new auto loan up to 27k @14.49%. I know this sounds bad but my credit is in the rebuilding stages and in very bad shape. I went to the dealer on their list and picked out a car, signed the paper work and left the car there until it's funded. My worries are this, does road loans charge the dealer fees that will make them back out of the deal? The loan offer I choses was a special subprime Deal on new vehicles that Santander has with Chrysler. Does anyone have experience with this? The dealer was unable to come anywhere near the interest rate that roadloans offered but seemed unsure about road loans. I ggoled the paperwork and agreements the dealers have to sign with road loans so I have hard time believing they are ignorant of the fees? Do I have a reason to be worried and does anyone know anything about their financing?

Thanks in advance!

Starting Score: 500(06/11)
Current Score: 645 (04/12)
Goal Score: 680

Cap 1-500, best buy MC-300, orchard bank MC-300, first premier-300, amazon-600. All new since July '11 no late payments and carry no balances.

Take the FICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+