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need private party car loan

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Anonymous
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need private party car loan

hi folks i am trying to get a private party car loan for a 2002 suburban been denied by two credit unions with a score of 546. and road loans wont lend on something that old i am wondering what my other options are? thanks again

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pizzadude
Credit Mentor

Re: need private party car loan


@Anonymous wrote:

hi folks i am trying to get a private party car loan for a 2002 suburban been denied by two credit unions with a score of 546. and road loans wont lend on something that old i am wondering what my other options are? thanks again



Were you denied because of your credit, or because of the age of the vehicle ?     It may not be easy to find a lender who wants to loan against a 10+ year old vehicle.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 3
cdtotten
Established Contributor

Re: need private party car loan

You are not going to find a lender unless it is family or a close friend. The car is too old for any lender to touch, and your credit score isn't anywhere near close enough to obtain a personal loan from a bank.


Starting Score: 627 EQ, 621 TU - 11/15/08
Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
Goal Score: 800 EQ & TU


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