Current Scores: TU 746, EX 755, EQ 724
Starting Score: EQ 717 EX 724 TU 736
So... They denied both the card and the second auto loan. I did get them to at least refi my current car so it's not a total waste. I went from 60 months @ 5.4% to 36 months @ 1.49%. They have already transferred the funds to VW Credit. My local credit union that I bank with approved me on the second loan earlier today. It's going to be 72 months @ 4.2%. I wish I hadn't needed to get this second loan, but stuff happens...
Default4 wrote:So... They denied both the card and the second auto loan. I did get them to at least refi my current car so it's not a total waste. I went from 60 months @ 5.4% to 36 months @ 1.49%. They have already transferred the funds to VW Credit. My local credit union that I bank with approved me on the second loan earlier today. It's going to be 72 months @ 4.2%. I wish I hadn't needed to get this second loan, but stuff happens...
Sorry to hear that, did they mention why they denied you? Did you try to recon with a LO?
Too many new accounts was the main reason they gave me. Which is completely legitimate. My Delta isn't even reporting yet and the Green and Paypal are both less then six months old. I suspect it also had to do with the amount I was asking for compared to income and existing expenses. Once the letters get here I can post everything they said.
Default4 wrote:Too many new accounts was the main reason they gave me. Which is completely legitimate. My Delta isn't even reporting yet and the Green and Paypal are both less then six months old. I suspect it also had to do with the amount I was asking for compared to income and existing expenses. Once the letters get here I can post everything they said.
Yeah wait and see what the letter says and give it another try.
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