Not so wonderful credit
#1
Not so wonderful credit
Well, I'm 24, I have a career that pays enough to manage whatever 8 i was thinking of aquiring. When I was younger & at college, my credit was tarnished pretty bad via an old car loan and a credit card with a limit of 2k. I was young, naive, didn't listen to the elders, and made my own mistakes to pretty much have an opiphany on what the hell i am doing. I know a site like lendingtree.com is bad b/c of all of the credit requests that loan companies do to access your info. The amazing/horrible approves everyone Capital One.........rejected me. Am I S.O.L.? Any options besides maintaining good credit for years?
#3
He's as bad as Can
accept dealer financing at a bad rate and make DBL payments / pay off early. If you get declined by the dealership then your really SOL. You will have to drive less of a car till you can finance a newer one.
#4
The idea of driving less of a car after not even being fully immersed into what i see is called "the addicition." I dont know if I can last that long. Even the research process of this car consumes my day @ work. (when it's a slow day)
#7
With 620 points by mazda american is good credit . with that score you could get the rates that offered for new car rates. now low special financing you would not qualify that is for excellente credit.
A big down may help but also the bank may put stipulation and add extended warraties etc..
A big down may help but also the bank may put stipulation and add extended warraties etc..
Last edited by mauricio; 04-26-2008 at 04:21 PM. Reason: more info
#8
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I agree, young buyer, good job, big down payemnt on a New Mazda and you should be a tier 3. Should be good for low double digits for 72 months or roughly $20/ thousand financed.
Capital one has changed a bit, they are cherry pickign more in this market and have moved on moreso to customers that will likely give them a lower yielding but bettter performing portfolio.
Capital one has changed a bit, they are cherry pickign more in this market and have moved on moreso to customers that will likely give them a lower yielding but bettter performing portfolio.
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