Bought to hit the dealerships any last second advice?
Registered User
Joined: Mar 2007
Posts: 416
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From: Nashville, TN
Ya I gotta say you must have something on your record to not get a department card.
I have known people with bankruptcy on their recent records with less problems getting credit than you are.
I would follow Bill's advice and get your credit reports(or pay a bit for the FICO scores)
let us know what you find.
I have known people with bankruptcy on their recent records with less problems getting credit than you are.
I would follow Bill's advice and get your credit reports(or pay a bit for the FICO scores)
let us know what you find.
Registered User
Joined: Mar 2007
Posts: 416
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From: Nashville, TN
The free annual one
https://www.annualcreditreport.com/cra/index.jsp
The pay for ones
http://www.experian.com/
http://www.equifax.com/home/
http://www.experian.com/
https://www.annualcreditreport.com/cra/index.jsp
The pay for ones
http://www.experian.com/
http://www.equifax.com/home/
http://www.experian.com/
Thread Starter
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Joined: Oct 2006
Posts: 75
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From: California
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Thank you for your interest in Score Power®.
We regret we are unable to fulfill your Score Power order request because your credit report does not currently contain enough information to meet the minimum scoring criteria required to calculate a FICO® score. In order for a FICO score to be calculated, a report must contain:
At least one account which has been open for six months or more.
At least one account that has been updated in the past six months.
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The minimum criteria is designed to ensure that there is enough recent information in the report on which to base a FICO score.
If interested, you may obtain a copy of your Equifax Credit Profile™ online (without FICO score) by clicking here, which will link you to Equifax who will process your request.
Your credit card has not been charged for this request. You may see a pre-authorization for the purchase price on your credit/debit card. These funds are held temporarily and will not be posted as an actual charge.
Your credit report was accessed to provide this service, which will be reflected by a Fair Isaac inquiry that the credit bureau will post to your credit file. The Fair Isaac inquiry is labeled such that it will not affect your credit rating.
Thank you
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Thread Starter
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From: California
I have 3 bank accounts all of which meet the requirement stated for an account, (assuming thats what they are referring to).
I also did just get a call from the dealership and they got the loan approved at 15% APR.
I also did just get a call from the dealership and they got the loan approved at 15% APR.
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Joined: Mar 2007
Posts: 416
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From: Nashville, TN
Well the good news is that no one has stolen your info and went on a shopping spree.
Now as to how to get you some credit.. only thing I know of below a dept store card is a gas card.
15% is pretty high. You are going to pay much interest on a 30k car.
Now as to how to get you some credit.. only thing I know of below a dept store card is a gas card.
15% is pretty high. You are going to pay much interest on a 30k car.
Thread Starter
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Joined: Oct 2006
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From: California
'tis true. Is there anyway of estimating how much lower I can get that APR if I refinance after a year of making all of my payments?
And also at this point would getting a cosigner be a good idea? That should lower the crap out of the percentage rate shouldnt it?
And also at this point would getting a cosigner be a good idea? That should lower the crap out of the percentage rate shouldnt it?
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Joined: Mar 2007
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From: Nashville, TN
well I personally wouldn't use a cosigner even if he saved me money because if heaven forbid something happened and you did have to default on the loan they would be held for the full amount still owed.
And I would never cosign for someone else.. not even family
And I would never cosign for someone else.. not even family
Thread Starter
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From: California
Sorry to be beating a dead horse here but going back to what JDMfairladyZ33 said,
If they are sticking at 17% where is that $3000 going? Are they just pocketing it? By them telling me that I can slide and just make payments when I can on the $3000 makes me suspicious. Thats like the worst hidden fee I've ever heard of if thats the case. I asked them to fax me a breakdown so we'll see if they do it.
1) $21,000 - $5500 down = $15500. So you are financing $15500 with security payment of $3000 more? If that's the case at $15,500 on a standard 60 month note you are paying 17% APR. At the end of the term you would have paid close to $7k in interest. The $7k interest paid will come down if the $3000 is paid towards the principle upfront on the $15.5k loan.
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Joined: Jul 2007
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From: Chicago,IL
I'm 23 now, I started building credit with this credit card for students.
www.clout.com. Weird their site seems to be down. Good luck man.
www.clout.com. Weird their site seems to be down. Good luck man.
Registered User
Joined: May 2007
Posts: 775
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From: Phoenix
To help answer some of the (implied) questions earlier, most gas cards, as well as most utilities and banks will not report your credit history unless you are in default. In other words, having a bank account, electric/water/gas, etc. and gas cards does nothing for your credit report -- unless you don't pay, or bounce checks, etc. Only then do they show up as negatives. Larger department stores (ie: JC Penny, Macy's, etc) will show up, as well as all Visa/MC/AMEX, etc.
Maybe you can get a joint credit card account (with a parent) so that it will show on your credit report?
Good luck!
Maybe you can get a joint credit card account (with a parent) so that it will show on your credit report?
Good luck!
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Posts: n/a
Use these guys. Only 99.78% interest.
http://www.cashcall.com/
http://www.cashcall.com/General/Rates.aspx
http://www.cashcall.com/
http://www.cashcall.com/General/Rates.aspx
