Rthomas79
Chicago,#2Consumer Comment
Mon, October 10, 2016
You showed NO INCOME!!! No lender in their right mind would re-finance or offer new credit when you have no verifible way to pay the future obligation... No matter how well you performed in a short period of time before the incident. They do not want to get stiffed nor set you up to fail. I think it is safe to assume that any discussion of potentially refinancing or trading you out of your loan/car was on the premise that your income and residency would remain the same or improve. Having a car is not a right, nor a requirement in Chicago. Perhaps you should lookj into public transportation! Good Luck!!!
The Victim
Chicago Heights,#3Author of original report
Tue, December 29, 2009
I was told that if I made a year payments on time I could trade in.I went past a year and was almost five months ahead after I lost my job. Now if I was told sure you can trade in or refinance in a year but if you lose your job it's not our problem, I would have kept my money! And to top it off I knew the situation so I didn't want to trade up I wanted to trade down to get a lower payment, duhhhhhh! Nope that couldn't happen either. They just wanted me to stay locked at my interest rate. Intergrity is part of Honor and visa versa so if one does wrong the other knows about it. They lie and cheat just to get what they want. It's a normal thing to them, I can only image what lies and cheating acts go on outside of work, like in there homes. I bet they lie to their wife and kids all the time about anything as long as they get that money. I pray everyday for their karma to catch them!!!!
Jim
Orlando,#4Consumer Comment
Tue, December 15, 2009
The granting of credit depends on your ability to repay the loan. By your own admission, you lost your job which means loosing your income which also means having no ability to repay the loan. Its that simple.
You also admitted you have bad credit or no credit. They were correct in telling you getting a low interest loan would be next to impossible.
Where is the trickery???