Maybe I'll try them or BoA. And in regards to what you said, I feel like that does have something to do with my denials. Age shouldnt be a factor as long as I have good payment history dont worry about my age. *sigh* The downfalls of being young...
It might not be age per se, but it could be a lack of loan experience. You only had the one installment loan a short period of time (since Jan 2011) and in that time you had a recent late payment. That is what a lender looks at - besides, it looks like you just don't have the income to support a vehicle loan. You would be in better shape if you were able to demonstrate a larger income and had a very good explanation for the late pay. However, you can overcome almost anything by putting down a large down payment. How much were you planning to put down on the new vehicle?
That's what I meant by being 19...you haven't had the time to establish a very long credit history. My daughter is 23, makes decent money, is buying a house, and still has trouble getting an auto loan. It will happen over time.
From what I gather, this is your credit profile:
Are you putting any money down? How much is left on the current auto loan vs. how much the car is worth?
From any bank's perspective, this would be a risky loan. I agree with the poster recommending working on raising your credit first. Signing on an auto loan you can only kind of afford, with outrageous APR (Probably high teens, possibly low 20's) is a one way ticket back to the credit mess you just dug yourself out of.
|Chase Freedom $9500|
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
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WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL