Household did not approve me for my in-house refi!! Peoplefirst, Cap1 and Roadloans turned me down. My girlfriend said she would co-sign for a refi.... she has scores in the 600s... What do you think I should do? How does a co-applicant refi work?
They all turned me down except for ford motor credit but there intrest is high and we have scores in the 680's+
Radio- CU and have her name go first! Basically they will just use you for the income, but they WILL pull a report for you.
your score is way too low. nominally a 650 score is good for 8.5% refi as long as you are not upside down.
Me and wifes scores are 680+ and ford's intrest is 16.90%...I need to refinance..Just got the loan last month..There reason was we never had an installment loan only revolving credit..I am layed off now so our debt to income is high right now.Could that be the answer..We make 33k and owe 30k till i get back to work so i think that is what is doing it
Bill- The reason is probably cause you never had an installment loan. My csore when i got my Ford was much higher at the dealership than the score I see.
Peoplefirst/Cap1 denied her (us)... rediculous... I think we are going to go CU route... We are also pulling her reports.. she just got a mortgage 2 months ago, and now we can't refi a 9.5k car loan, on a car worth 15k+??? She just got approved CHASE MC a few months back... what a joke is this?
Am i better off keeping this loan and paying it at 16.90%..We are wanting to buy a home within the next 3 years or so..The loan is for 3 years but would pay in 2
Well it seems like no one will re-fi!!! buying a new car would be easier!!! we will try through one of our CUs and Ill post results... if anyone has any suggestions... I could pay this to about 5k.. I guess this would help.. but then I know they would say... sorry the loan is for too small of an amount... so aggravating!!!
