@ccquest wrote:
What portion of the balance is the $37k? If it is a high proportion, any chance you might be able to shuffle that to be split between a few cards for at least one reporting period?
Otherwise, agree with above about checking with your credit union for financing options first.
The 37k is from the Amex Platinum. So it's not really a portion, just an open ended NPSL Charge Card.
@BmoreBull wrote:Do you know what bureau they pulled? I can't really see you getting denied based on scores alone. I do remember another post of yours, aren't you self employed? That may be the hang up right there. A lot of banks give self employment a harder look than they do a regular 9-5. Sorry about your denial. Was a Tesla your only option that you were looking at?
They pulled my Experian credit Report, that that's the one you are seeing.
Yeah I'm self employed. But my Corporation is an S-Corp so it's a stand-alone entity. Currently I was only looking at a Tesla, but idk my mom says to just get a Honda and build up installment loan history that way.
The reason for the denial is interesting, at least to me.
@Jnbmom wrote:Credit scores are not all they consider. Their denial reason is you have a "young file", only time will help with that.
I believe you are 20 correct? I remember you getting advice previously about letting your file age and as with this recent denial it's best to let your file and accounts age some.
Yeah I'm 21 now (as of May) and started my credit journey at 18. So maybe that's not enough time. I consistently pay down big balances, so I guess I just expected more for my income and credit history.
I agree with GoNavy I am currently in the Car Business and First Time Buyers (those with no car credit) some places will allow higher down with no cosigner, but some just won't so your best shot is to see what they say, they may even need half down or something high so just be prepared, but if it's a no go then I agree to shoot your shot with NF (get approved before going there with your own financing) 
Good Luck and post updates
@sccredit wrote:Most any lender is going to want to see the illustrated ability to service the requested debt. Most have to build up to it. Maybe a $30k auto loan, then a $50k loan, then up to whatever amount. IMO their reasoning isn't silly, it is a legit business concern, especially right now.
Yeah its actually pretty reasonable. 41,367 is i were to pay cash. And i wanted to put $5,000 or 10k towards the lease.
@iced wrote:Honestly, I'd look into buying instead of leasing. You open up options with other lenders who may be more tolerant of your thin file, you can put a large down payment down to calm the lender's fears, and Tesla's lease rates are known to be among the worst in the industry.
I agree. Just contacted my banker to see her rates. But she confirms that many banks are tightening up lending.
@Girlzilla88 wrote:I agree with GoNavy I am currently in the Car Business and First Time Buyers (those with no car credit) some places will allow higher down with no cosigner, but some just won't so your best shot is to see what they say, they may even need half down or something high so just be prepared, but if it's a no go then I agree to shoot your shot with NF (get approved before going there with your own financing)
Just got off the phone, they wouldnt allow that because they fund Tesla financing through partner banks (JP Morgen -Figures-, Wells Fargo, PCNG, RBC) so looks like those banks said they wont do first time car buyers as a general rule for leasees. But who know thiss butt coulkd just be smoke screening me.