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Everybody's rejecting me or offering me insanely expensive auto loans!

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Anonymous
Not applicable

Everybody's rejecting me or offering me insanely expensive auto loans!

I have a 611 Experian 650 Transunion and 662 Equifax and HBSC, Wells Fargo, and Citi denied me.  Capital One approved me for 13.45%.  I don't have any BKs, repossessions, nor collections.  The only things working against me are I don't have any open revolving debt and I make 30k/yr.  I've looked on whogavemecredit.com and people with the similar credit scores and salaries got 8.9% - 10.9% interest rates.  What do you think is wrong?


Message Edited by wondering on 10-15-2007 10:19 AM
Message 1 of 5
4 REPLIES 4
Boswd
Valued Contributor

Re: Everybody's rejecting me or offering me insanely expensive auto loans!

that is odd.  You scores aren't that horrbile especially for an auto loan.  Nothing else hurting you?   Have you tried your bank and see what they can do?    I would even think you dealership could find you a better rate than 13.45%.
Message 2 of 5
Anonymous
Not applicable

Re: Everybody's rejecting me or offering me insanely expensive auto loans!

Try Roadloans.....They seem to be giving a decent rate these days...APR has gone up again......
Message 3 of 5
Anonymous
Not applicable

Re: Everybody's rejecting me or offering me insanely expensive auto loans!

Try a credit union, too.  Good luck!
Message 4 of 5
gamecockmd
Established Member

Re: Everybody's rejecting me or offering me insanely expensive auto loans!

If you can afford a higher down payment that may help your interest rate...
Message 5 of 5
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