Talk to various credit unions (DCU comes to mind currently); however, I would likewise pay down my credit cards as the other poster suggests.
@Creditaddict wrote:
@jcstarkey8826 wrote:So I tried to refi my auto loan and was denied by the same bank Im employed with. credit score 661, reasons listed : short revolving history, utilization (58%), and too many inquiries (9 now 10)
@I have a 2007 dodge nitro with 100k miles and owe $9,700 @ 13%.
Is there anywhere I can go to get this done?
I mean unless I don't know Dodges these days the bank is giving you fluff reasons... 6+ year old car with 100k miles and still owe $10k!! no offense AT ALL because I have been WAY upside down in some cars, but is that car even worth $5k? I can't believe I would say it but you probaby have a better chance of going to something like Honda, Toyota, and buy new or lease and just sink all that negative equity of this into it and hope for a very nice rate and be able to drive it a long time with little expenses and try to make extra payments.
when it comes to buying a car, I have never had inq be an issue! I mean shoot I have like 30-40+ INQ just from car shopping!
I would've expected the same when I started looking, but I went to my credit union and they are going to do it for me. So that worked out, but what I found interesting was they said they used NADA value also, and that the car value was at 12k.... I figured Id be right at the amount owed on value, but then again Im not going to argue with them. I dont have the base model so maybe that helps. Either way it was a success, and I was also approved for the blank check today to purchase my fiances new card 
It was a good day overall!
@jcstarkey8826 wrote:
@Creditaddict wrote:
@jcstarkey8826 wrote:So I tried to refi my auto loan and was denied by the same bank Im employed with. credit score 661, reasons listed : short revolving history, utilization (58%), and too many inquiries (9 now 10)
@I have a 2007 dodge nitro with 100k miles and owe $9,700 @ 13%.
Is there anywhere I can go to get this done?
I mean unless I don't know Dodges these days the bank is giving you fluff reasons... 6+ year old car with 100k miles and still owe $10k!! no offense AT ALL because I have been WAY upside down in some cars, but is that car even worth $5k? I can't believe I would say it but you probaby have a better chance of going to something like Honda, Toyota, and buy new or lease and just sink all that negative equity of this into it and hope for a very nice rate and be able to drive it a long time with little expenses and try to make extra payments.
when it comes to buying a car, I have never had inq be an issue! I mean shoot I have like 30-40+ INQ just from car shopping!
I would've expected the same when I started looking, but I went to my credit union and they are going to do it for me. So that worked out, but what I found interesting was they said they used NADA value also, and that the car value was at 12k.... I figured Id be right at the amount owed on value, but then again Im not going to argue with them. I dont have the base model so maybe that helps. Either way it was a success, and I was also approved for the blank check today to purchase my fiances new card
It was a good day overall!
What did you get approved with for CU - Rate and Term?
Blank check with Capital One? rate and term?
@Creditaddict wrote:
@jcstarkey8826 wrote:
@Creditaddict wrote:
@jcstarkey8826 wrote:So I tried to refi my auto loan and was denied by the same bank Im employed with. credit score 661, reasons listed : short revolving history, utilization (58%), and too many inquiries (9 now 10)
@I have a 2007 dodge nitro with 100k miles and owe $9,700 @ 13%.
Is there anywhere I can go to get this done?
I mean unless I don't know Dodges these days the bank is giving you fluff reasons... 6+ year old car with 100k miles and still owe $10k!! no offense AT ALL because I have been WAY upside down in some cars, but is that car even worth $5k? I can't believe I would say it but you probaby have a better chance of going to something like Honda, Toyota, and buy new or lease and just sink all that negative equity of this into it and hope for a very nice rate and be able to drive it a long time with little expenses and try to make extra payments.
when it comes to buying a car, I have never had inq be an issue! I mean shoot I have like 30-40+ INQ just from car shopping!
I would've expected the same when I started looking, but I went to my credit union and they are going to do it for me. So that worked out, but what I found interesting was they said they used NADA value also, and that the car value was at 12k.... I figured Id be right at the amount owed on value, but then again Im not going to argue with them. I dont have the base model so maybe that helps. Either way it was a success, and I was also approved for the blank check today to purchase my fiances new card
It was a good day overall!
What did you get approved with for CU - Rate and Term?
Blank check with Capital One? rate and term?
@Anonymous union refi was 60 months @ 6% which I was more than pleased with. Capital One was a little higher, but we will let the dealer try and beat it with no money down. it was 72 months @ 9.9%. which on a 9k loan isnt bad, but we will try and get the best possible.
@jcstarkey8826 wrote:
@Creditaddict wrote:
@jcstarkey8826 wrote:
@Creditaddict wrote:
@jcstarkey8826 wrote:So I tried to refi my auto loan and was denied by the same bank Im employed with. credit score 661, reasons listed : short revolving history, utilization (58%), and too many inquiries (9 now 10)
@I have a 2007 dodge nitro with 100k miles and owe $9,700 @ 13%.
Is there anywhere I can go to get this done?
I mean unless I don't know Dodges these days the bank is giving you fluff reasons... 6+ year old car with 100k miles and still owe $10k!! no offense AT ALL because I have been WAY upside down in some cars, but is that car even worth $5k? I can't believe I would say it but you probaby have a better chance of going to something like Honda, Toyota, and buy new or lease and just sink all that negative equity of this into it and hope for a very nice rate and be able to drive it a long time with little expenses and try to make extra payments.
when it comes to buying a car, I have never had inq be an issue! I mean shoot I have like 30-40+ INQ just from car shopping!
I would've expected the same when I started looking, but I went to my credit union and they are going to do it for me. So that worked out, but what I found interesting was they said they used NADA value also, and that the car value was at 12k.... I figured Id be right at the amount owed on value, but then again Im not going to argue with them. I dont have the base model so maybe that helps. Either way it was a success, and I was also approved for the blank check today to purchase my fiances new card
It was a good day overall!
What did you get approved with for CU - Rate and Term?
Blank check with Capital One? rate and term?
@Anonymous union refi was 60 months @ 6% which I was more than pleased with. Capital One was a little higher, but we will let the dealer try and beat it with no money down. it was 72 months @ 9.9%. which on a 9k loan isnt bad, but we will try and get the best possible.
I hope in all powers in this world you pay that much faster... 60 months on a car over 100k miles is asking for larger disaster than taking out 18% on a new car and 72 months!
but congrats.
@Creditaddict wrote:
@jcstarkey8826 wrote:
@Creditaddict wrote:
@jcstarkey8826 wrote:
@Creditaddict wrote:
@jcstarkey8826 wrote:So I tried to refi my auto loan and was denied by the same bank Im employed with. credit score 661, reasons listed : short revolving history, utilization (58%), and too many inquiries (9 now 10)
@I have a 2007 dodge nitro with 100k miles and owe $9,700 @ 13%.
Is there anywhere I can go to get this done?
I mean unless I don't know Dodges these days the bank is giving you fluff reasons... 6+ year old car with 100k miles and still owe $10k!! no offense AT ALL because I have been WAY upside down in some cars, but is that car even worth $5k? I can't believe I would say it but you probaby have a better chance of going to something like Honda, Toyota, and buy new or lease and just sink all that negative equity of this into it and hope for a very nice rate and be able to drive it a long time with little expenses and try to make extra payments.
when it comes to buying a car, I have never had inq be an issue! I mean shoot I have like 30-40+ INQ just from car shopping!
I would've expected the same when I started looking, but I went to my credit union and they are going to do it for me. So that worked out, but what I found interesting was they said they used NADA value also, and that the car value was at 12k.... I figured Id be right at the amount owed on value, but then again Im not going to argue with them. I dont have the base model so maybe that helps. Either way it was a success, and I was also approved for the blank check today to purchase my fiances new card
It was a good day overall!
What did you get approved with for CU - Rate and Term?
Blank check with Capital One? rate and term?
@Anonymous union refi was 60 months @ 6% which I was more than pleased with. Capital One was a little higher, but we will let the dealer try and beat it with no money down. it was 72 months @ 9.9%. which on a 9k loan isnt bad, but we will try and get the best possible.
I hope in all powers in this world you pay that much faster... 60 months on a car over 100k miles is asking for larger disaster than taking out 18% on a new car and 72 months!
but congrats.
Oh of course. I still plan on making my $300-$500 payment every month ($280 was old payment amount, but I pay more when I can), but with adding my fiances car, I just wanted to have that option to pay less if I ever needed to one month. Banks will always take more, never less. So It should still be paid in the next year or two.