Nissan 370Z Forum - View Single Post

imag · 05-05-2009, 06:09 PM

I got declined with PenFed because for lack of credit history (I've just gotten a PWC since a bankruptcy 6 years ago).

The problem with PenFed is that you either qualify for the 3.99% rate or you don't. You're more likely to get newbie credit with a company that will give you a higher rate (because you're a higher risk). I'm putting together an $8k down payment to help out.

05-05-2009, 06:09 PM	#3 (permalink)
imag Enthusiast Member Join Date: Mar 2009 Location: Oakland, CA Posts: 446 Drives: up the wall Rep Power: 16	I got declined with PenFed because for lack of credit history (I've just gotten a PWC since a bankruptcy 6 years ago). The problem with PenFed is that you either qualify for the 3.99% rate or you don't. You're more likely to get newbie credit with a company that will give you a higher rate (because you're a higher risk). I'm putting together an $8k down payment to help out.