I've been cleaning up my credit for a couple of years now, paying old debts off and removing inaccurate items and such. I secured some sub-prime credit cards and used them, carrying the balance and paying on time, etc. Finally the pay off! While some negs are still on my report (charge off, collection, etc-but paid) I got my Experian down to only one negative item (my best report by far, at 637 FICO). I bought a new Suzuki SUV last week. Imagine my astonishment when they came back at me with 6.9%!! I was expencting maybe 10-12, but 6.9 floored me! After all that hard work and low interest rates to boot, I finally accomplished something! And after a year or so with good payments, I'll finally have that "high credit" item mortgage people like to see so much, not to mention almost ALL my bad crap falls off next year!! YA-HOOOOOO!!!!!!!!
Every body should get 6.9 because using Fico as a pricing method is a con job. Did you expect to pay another 3to5% for the Suzuki because of your score?
