Journey to adulthood..stalled..

[tao_gone_blue]

So, despite the mouse being well within the range of credit scores necessary to get a loan (we decided to go through a credit union instead of a bank), and my income being more than enough to support the payments of said loan - we're still being asked for a mother fucking co-signer. I'm really, really, really getting sick of this bullshit. We told

Comments

[methos80]

Another irony is that often, banks (and credit unions) are more willing to loan money to someone if they are buying a newer car and willing to take on more debt. Yep, through my work, I've seen folks in your positions denied on a $7,000 car that was 5 to 7 years old and allowed on a car 3 or less years old that was between $15K and $20K. The reasoning? The banks and underwriters say that the collateral (the car) is more likely to have a return of capital if it repossessed due to a failure to pay. I think that' sbullshit since the percentages work out about the same, which means the net loss on the more expensive car is actually greater. But anyway, yeah, welcome to the bullshit that ensued when our country adopted credit bureaus in the 1980's