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01-08-2012 09:44 PM
01-08-2012 09:47 PM
01-08-2012 10:00 PM
01-08-2012 10:01 PM
01-08-2012 11:05 PM - edited 01-08-2012 11:05 PM
Well bad news. I got denied.
I'm not surprised: cap 1 auto is not nearly as "subprime" as they used to be, and nowhere close to what their cards are. I wouldn't sweat it that much, I don't know anyone that has any interaction with cap 1 and comes away smiling.
If you have a decent downpayment, you can absolutely find someone to give you a loan. Just make sure it reports, and go open another card as well somewhere, secured or otherwise.
01-08-2012 11:19 PM
01-08-2012 11:28 PM - edited 01-08-2012 11:29 PM
This sucks. I already have 8 hard inquiries coz i had no idea that everytime you apply for a cc autoloan etc affects you credit report and score. I just established 3 months and i already have a bad record
Well if you just pulled the auto one on Cap 1, I can pretty much guaruntee you they pulled all three bureaus: so you now have a 13ish day clock starting basically tomorrow morning - go shop for auto loans and it won't impact your score any further as though auto loan inquiries will roll up into one score wise.
Beyond that, you're doing fine, you know far more at your current stage of life than I did at that time. You'll be OK, inquiries don't kill you, and they fade off the scoring faster than anything other thing which actually gets on the report.
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