topic Re: Road Loans in Auto Loans

Road Loans

BGMWPD320 — Sat, 05 Jul 2008 19:03:46 GMT

I just got an email from Road Loans telling me that I am approved for a car loan through them. I also applied online today through the dealership but I haven't heard anything yet.

Do you think I should hold off on Road Loans until I find out if the dealership can get me a better rate?

Re: Road Loans

EDub357 — Sun, 06 Jul 2008 01:50:43 GMT

Your EQ score if high enough to go to a CU and get approved. Better rates than Roadloans

Re: Road Loans

BGMWPD320 — Sun, 06 Jul 2008 17:08:04 GMT

I doubt I use Road Loans now that my EX score just jumped 76 points in 11 days!! My EQ is now my middle score and EX is my highest at 669!

Re: Road Loans

makeynik — Tue, 08 Jul 2008 14:30:12 GMT

hi there BGM...
What did you do to get your fico to jump up so much in such little time?
Thanks...

Re: Road Loans

Anonymous — Fri, 11 Jul 2008 04:07:01 GMT

They denied me in the mid 500's

Re: Road Loans

BGMWPD320 — Fri, 11 Jul 2008 13:18:44 GMT

Road Loans approved me but when I refused to verify ALL of my information (including full SSN) she stated she would just remove my approval. I told her I would verify the last four but she stated I had to verify the entire number.

There is no way I am going to give out all of my information over the phone when I can't verify who I was talking to.

Toyota Financing approved me at 9% with zero down so that is what I went with.

Re: Road Loans

Anonymous — Mon, 14 Jul 2008 14:42:09 GMT

I got an approval with Roadloans last week. With my scores not being that great,

I thought it was an okay deal. $22000 @ 18% for 72 mo. For whatever reason,

Cap 1 auto finance will not approve me, they just keep refering me to Roadloans.

I have two good auto loans with Cap 1.. one paid off and I am paying on the current

one now (will trade in this vehicle)... never late, on automatic payment and my

credit scores are better than they were when I got this loan and my credit util is down

to 17%. I called them and they don't do manual review and they were no help at all.

I may have to go with this Roadloans thing... I don't really want to.. but.. it's an okay

offer for somebody like me I guess.

7/13/08 EX 610, TU 559, EQ 544 (hate Equifax!!)