@kahmyah wrote:well i went ahead and did it. i applied for a new car autoloan online with capital one. now mind you, i haven't had a car loan in 15 years..my credit scores are not that great i admit - exp -637, eq - 662, and trans - 626 at my last check of them which is daily through My Fico. Anyway, i had a lot of accounts in my past that i have paid of satisfactorily through settlement agreements. i only have 3 open accounts, all in current status with no balances at all on two of them and most recent about $143 on the last one which i paid in full before my due date. i have a job which i have been at for two years now going into my 3rd year. so with that history and again, i know it doesn't sound rosy, i went ahead and applied for a new car loan being that i haven't had a new car in 15+ years. So I figured I would apply to Capital One being that I have an account with them thats current with no balance on it and I have had for about 3 months or more now. I got an email from them telling me about their auto buying process so I figured I would take a chance. I applied online was nervous the whole time i was putting in my info and before I hit the send/apply button, I said a prayer, lit a candle, offered to be extrra good for a whole week etc etc etc. ok i am joking but the truth was i hoping it would go through without a snag. Yes in 15 mins or less just as they advertised I got my response back. Drum roll please!!.. A resounding depressing NO! I was so bummed. But mentally i had prepared myself for the worst. Its odd. Now what.. Even if i do manage to find someone to approve me, i am looking at very high interest rate. But seriously, even if i do manage to find someone or bank kind enough to take a chance or a reformed credit card holder, the best rate i think i would get would be in the neighborhood of what 10+ percent..i might as well go visit the Godfather and have him give me one of his ahhh, how do i say it "make me an offer he won't refuse" kind of rates. its so depressing and i'm sunk. i mean i am doing everything right from all the research i have done. paid everything i have on time or ahead of my due date. i have a job, a credit history (ok its not stellar but at least i have one)...ah to pay for your sins of the past. they come back to haunt you. ah, i'm sunk..any advice besides a gun or some hemlock..