I am trying to get a loan for a 2012 Prius with 50k miles. The car is $14,000 and my trade is worth at least $5,000. My Experian is 665, equifax is 693, and Transunion is 678. Creditkarma says my FICO is 622. I have one bill for $250 that went to collections 3 years ago. Creditkarma says I had a lot of late payments with my home equity loan, but those were from 3 years ago. No other bad things on my credit. One mistake i made is my only credit card has a limit of $800, and it was maxed (corrected it now). I went to PNC, the guy said I should have no problem qualifying for a less than 4% rate. Got denied. I have a feeling it was his mistake though, I own a house and he took down the mortgage payments, but didn't ask about the rent I get from it. I also get $400 a month in child support, and make $43k with my main job. I didn't tell him about my second job because i don't make a set amount, I'm an independant contractor and I get paid for whatever work I do. SO I think with having $1,200 month rent, plus the mortgage, and not showing any rental income, that my money going out is too high for my income. Does this sound right? I am going to go to a CU on monday and try again, but want to know if you guys think I will be ok? And how do I deal with the income from my second job? I do get pay statements every week. Thanks!
