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Valued Member
joemc3
Posts: 38
Registered: ‎04-10-2007

Road Loans turned me down. what now?

My scores are tu:558  equ: 548 exp:526
 
 
My scores keep dropping even though I have paid off 2,500 in old credit card debt which was in collections and charged off.
 
Got one collection which was not mine taken off my cr. My scores have dropped since improving my credit history. I even added two new credit lines and have paid often and early on both.
 
I can't get a car to save my life. Even road Loans turned me down.
Contributor
msensa
Posts: 93
Registered: ‎08-12-2007

Re: Road Loans turned me down. what now?

I'm in the same boat, almost exactly.  I haven't applied at Roadloans, as the bad news has come from so many other loan rejections I know it's useless.  I need a car, our family needs one badly.  Guess I'll just be looking for a bike with a trailer attachment for my kids:smileyhappy: 
 
 
 
 
I'm a tree hugging, peace loving, non-patchouli wearing new kind of hippie chick trying to find a comfortable balance in this consumer-driven world. I just wish I didn't have to care about credit.
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007

Re: Road Loans turned me down. what now?



joemc3 wrote:
My scores are tu:558 equ: 548 exp:526
My scores keep dropping even though I have paid off 2,500 in old credit card debt which was in collections and charged off.
Got one collection which was not mine taken off my cr. My scores have dropped since improving my credit history. I even added two new credit lines and have paid often and early on both.
I can't get a car to save my life. Even road Loans turned me down.





You need to get PFD on collections or you score will go down-

Send GW letters and ask them to remove them.

Pay down the UTL on your current CC's/

Read to 101 thread.
Contributor
trudawg660
Posts: 83
Registered: ‎08-12-2007

Re: Road Loans turned me down. what now?

I was denyed by roadloans also when i was trying to purchase my car.  I found out the my bank (bank of america) had a first time buyer loan. Other companies have them, who ever you have your checking account through might have one. That is the only reason why i got my car, because every loan company and dealership kept denying me.
Established Member
rcktman
Posts: 11
Registered: ‎06-25-2007

Re: Road Loans turned me down. what now?

I was turned down by Roadloans, but approved by Citifinancial, you might want to check them out.
Regular Contributor
flyers
Posts: 216
Registered: ‎04-19-2007

Re: Road Loans turned me down. what now?

You may want to try going to a car dealer and ask to speak to the GM or Finance Manager. Don't waste time with sales and picking out a car.  Tell the GM or Finance person your situation(don't let them run your scores. Have a current myfico printout if u can) and then ask them if they can even help someone in your shoes and if so approx what kind of terms.   Many big dealers have good leverage with local banks since they sell so many cars. 

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