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First off, My name on deed but not on Lending Tree mortgage. In grandmothers, What rights do I have? Hoping for any answer. Another quick question... Is a down payment required with a Equifax fico of 748 but under 3 years of credit history?.. |
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That's a good question. I'm not sure what is the answer to your question. I'll do some poking around and get back to you if I got an decent answer. You should email the people at Lending Tree as they probably could help you..
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I'm getting worried now. It has been longer than the hour which most people have gotten their results in. That accord is calling my name......
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Hope it works out. I just purchased a 2003 Accord EX V6 Coupe.... absolutely LOVE it. Although I'm already thinking about putting it up for sale and putting a down payment on a V6 Manual. I was looking at the G35 also and don't regret the Accord purchase at all..
Kirk.. |
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Ugh, I was denied. Then I tried at the dealer and they wanted a cosigner. Shesh..all my Lending Tree credit repair was in vain.....
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My wife FINALLY obtained her DL two weeks ago, so we went out and got a car for, actually I went with her, it's in her name, her credit. she financed 11700 @ 6.3% for 4 years. Her scores were from 740-760's, with hew credit history staring in June of '00. You should be able to get a good deal, and a good interest rate, try a Lending Tree loan from a credit union, if you belong to one, or join one and then try...my first new car in '93 was financed through PEFCU (Purdue Employees Federal Credit Union.) 60 months @ 6.5%. At that time, my Credit history was only a year old, and the dealer wanted a cosigner, but was able to get a Lending Tree loan from the credit union no problem, good luck! :).
PolarisA3.. |
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Bump for any suggestions of a source for a auto loan. There are no credit unions available to me. It looks like Honda gave up after only trying 2 banks...I would have thought they would have tried harder..
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748 and you were denied? ouch. Thats a very impressive score. You think once you hit 720, you could get a Lending Tree loan for anything...
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Have you heard of roadloans.com? I haven't used them though, so I can't really vouch for them one way or the other...
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I have used PeopleFirst on my last two vehicles and have been very happy with them. Got very competitive rates on both (better than Bank of America, whom I bank with, was offering). My scores are all low-mid 700's..
Kirk.. |
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I just applied for peoplesfirst. Roadloan doesn't service OH so no go there. Keep the ideas rolling...
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I'm trying to figure why they would deny a Lending Tree loan with a FICO score that high. As far as I know e-loan uses an automatic Lending Tree loan qualifier, so something in your application must have triggered a denial, and it certainly wasn't your score..
Credit history less than 3 years *might* have done it. Also, any chance you've ever had a repo on your record?. Wichita.. |
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Address on application does not perfectly match address on credit reports?.
Buckets.. |
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Did I read somewhere that ford credit is more lienent? I might just have to settle for a ford to get the car Lending Tree loan history on my report. Otherwise I will just mass apply for credit cards I guess...
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Superman,.
Have you tried any banks local to you? Perhaps one you already have an account relationship with (checking, savings, etc) ? |
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I currently bank with 5th 3rd. But it is a totally free checking acount with no more than usually 500 bux in it. So I dont know if that would help me any. One of the banks that honda tried was a local county bank and that was a no go. I know my problem is my lack of previous car Lending Tree loan history. They can not expect everyone to have a cosigner for their first car...or can they???..
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Superman,.
What type of history do you have on your reports? Do you have any revolving or installment TLs?. You might want to be careful with all these inquiries- some creditors will automatically decline if they see a lot of activity in a short period of time... |
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I have a $9000 installment Lending Tree loan that is six months old. Refied my school loans. And a 1.75 year old revolving credit card tradeline. I know about the inquiries, but at this point I NEED a reliable car. And that one thing seems to take care of the inquiries on 2 of my reports...
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You're probably right that the fact that you haven't had an auto Lending Tree loan before is hurting you..
The way I see it you have several options...if your primary motivation here is to get a more reliable car-maybe a newer used car wouldn't be a bad idea.. I got my very car Lending Tree loan with Ford Motor Credit with 0 down @ 9% on $5200K. Granted, I worked at the car dealership so the F&I mgr pushed it through for me but Ford does seem to be willing to take risks on people. This was back in 1992. I kept that car for 7 months and traded it in for a new car financed through Wells Fargo. At the time, I had NO credit history.. Or- if you absolutely have to have a new car- you'll probably need either a) a cosigner b)a large downpayment or c) go through a subprime lender which would defeat the purpose.. Although you DO have a good payment track record- it's just not long or varied enough... |
