Thread: Annyoed with Credit Agencies

What was the stated reason for the denial... credit scores/history? debt-to-income too high? just plain not enough income?

There are several reasons one can be denied when applying for credit, so without anything more specific, it'll be difficult for anyone to shed any light on the situation for you.

The dealership didn't say anything. Just that none of there agencies could help us. At one point the bank told me it was due to debt to income ratio. Thanks for the help,
-Evan

I dont want to make the payments tho I am trying to get my parents back on there feet and co sign for the loan

So your parents are co-signors? Is their credit good? If not, that could be your problem right there.

My parents want to finance a car. My credit is in good standing. There credit has some issues. I want to co sign so they can get a car. No one is willing to finance me alone or my parents with me co signing. What can I do? Give up and call it a day?

What about just trying to get something functional that doesn't require financing? There are a lot of older cars out there still in good shape. If nobody really is willing to extend an auto loan to you or your parents (or both), then you either don't have the credit history to justify the risk or you don't have the income to justify the cost, or a combination of both.

So solutions become:

* How can the need be filled with less loan/money required?
* How can credit be improved so that creditors are more interested in lending?

You know your specific situation... just think things over and consider what you *need* first, and forget about what you *want*.

Good luck!

Have you tried getting a copy of your credit report to find out what the lenders are looking at? If there is a problem on your credit file you need to know about it.