@remarc wrote:
I needed to refinance, I bite the bullet and went for it. I applied at BOA - they denied me for this reason:
Proportion of loan balances to loan amounts is too high ( this is why i need to refinance !!!)
Length of time accounts have been established
Too many inquiries last 12 months
ive got 3 years of credit history as im new to the country and ive had 2 years of perfect monthly payments for my car $365 a month for two years. Never late. Never missed. Is that not good enough? i have other credit cards. Discover. Chase. Citi. All in good standing.. Should I call and see if can recon on the application??
Wells Fargo offered me a reduction from 21% apr to 16 % apr and shorted my term by six month.. do you think i can recon this also??
thanks for your through and advice.
What is score that Wells Fargo is pulling?
Who is the loan with now?
Where do you live?
Member of any credit unions?
What is the car, year, miles, are you upside down, putting cash down also?
