@Cheryla18 wrote:
Since filing Ch 7 BK in Dec 2015 I knew it was going to be a rough ride. I am slowly rebuilding. I have a furniture loan that is at 120% interest!! YES you read that right... Long story...anyways i applied to my CU in Oct to do a refi...and was declined.... I reapplied yesterday and was once again declined due to short credit history since BK. ( Also want to refi my car) They said they want to see 1 yr of payments... after almost freaking out while talking to the bank rep... and i talked in circles...I was like hey I have paid on this furniture for a year now this month...that should count for something!!! He said let me talk to the underwriters and i will get back with you. So i get a call and he said he sat down with his Manager and is able to approve me to refi the furniture and possibly refi my car!!! HOLY MOLY... Just the refi on the furniture will save me $220.00 a month!!!! I literally cried tears of joy while on the phone with him!!! I thanked him 10 different ways for working so hard for me!!! Just had to share!!!
Hi Cheryla18,
Thanks for sharing your experience. Glad to hear that you were able to get the furniture refinanced, and hopefully you can get the car refinanced. Please let us know how things turn out, ok?
*Kudos* to you and try your darndest to keep a positive relationship with your CU because it seems that they are treating you nicely, so keep treating them nicely ;-)
