I am completely baffled. We've been car shopping...we had a bk discharged in 3/03, and have not been granted any credit since. Hubby's TU score is 570, but not scoring on Exp or Eq. We went out this weekend, sure we'd find and finance a car. NOT!! We stopped in 2 lots, haggled deals over 2 different cars, only to be turned down by every lender each lot tried. WTF?? They're telling us they have been financing people with scores in the 300's, but they're turning us down? In our area, most CRAs report to TU....but most loan companies pull the other reports?
We've been talking to a mortgage broker, who is now going to try to help give him some scores by adding our good rental history and cell phone payments to his credit report. Does this work? How long should it take to have an impact?
Hubby is joining his work CU today, as I have been reading all the advice here and see that CUs are suggested. How long do you need to be a member before they become willing to work with you and your blemished credit past?
Might just have to go to a good "buy here pay here lot" that reports to the bureaus if we can't get something in the next few weeks! Our car situation is quite desperate----any advice is more than welcome!! I called Roadloans, but they pull from either Exp or Eq, so that would be of no use!
I'm a tree hugging, peace loving, non-patchouli wearing new kind of hippie chick trying to find a comfortable balance in this consumer-driven world. I just wish I didn't have to care about credit.