NDCO

2 Contributions 1 People Helped

Member Since: May 2014

Most Helpful Contribution

My credit score is a 586 and I need a auto loan anybody ever been through this?

May 15, 2014
Auto loan with similar score
Helpful to 1 out of 3 people

I was in the same situacion, went to a a few car dealership... finally found the vehicle i wanted to buy and as per the sales man we were approved and everything was looking great because our income was good, at the final moment it turned out the one bank that we were approved with had an interest rate that was outrageous and he assured us that the only reason why they approved us is because his manager knows someone in that particular bank (a lender we never heard of) and pulled some stings, so we felt completly trapped after hearing that, we felt like it was our only option, we really needed the car, right before we signed the papers my husband got a phone call from another dealer who said "congrats you were approved with chase"  when we brought it up to the salesman he had someone drive the car around put it right in fron of the office and said "didnt you see the sign when you walked in here" and we were confused the name was "haims" the sales man said "the owner is jewish" that was just so unprofessional we walked out and as I was waiting for my husband I eaves drop on another family and another car salesman was giving them the same speech we did "you were only approved becouse we pulled stings".... we went to the other dealer got same type of car for $200 less a month and better interest rate. My advice is look around for the best loan, it pays off, dont let anyone bring you down for your score, some care sales man will take advantage of that.

Activity (2 Total Contributions)

Hard Inquiries and Soft Inquiries

May 15, 2014

This is very helpful, i was wondering if my score will go down if im constantly checking it

My credit score is a 586 and I need a auto loan anybody ever been through this?

May 15, 2014
Auto loan with similar score
Helpful to 1 out of 3 people

I was in the same situacion, went to a a few car dealership... finally found the vehicle i wanted to buy and as per the sales man we were approved and everything was looking great because our income was good, at the final moment it turned out the one bank that we were approved with had an interest rate that was outrageous and he assured us that the only reason why they approved us is because his manager knows someone in that particular bank (a lender we never heard of) and pulled some stings, so we felt completly trapped after hearing that, we felt like it was our only option, we really needed the car, right before we signed the papers my husband got a phone call from another dealer who said "congrats you were approved with chase"  when we brought it up to the salesman he had someone drive the car around put it right in fron of the office and said "didnt you see the sign when you walked in here" and we were confused the name was "haims" the sales man said "the owner is jewish" that was just so unprofessional we walked out and as I was waiting for my husband I eaves drop on another family and another car salesman was giving them the same speech we did "you were only approved becouse we pulled stings".... we went to the other dealer got same type of car for $200 less a month and better interest rate. My advice is look around for the best loan, it pays off, dont let anyone bring you down for your score, some care sales man will take advantage of that.