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cryix47

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  1. If, in fact you were approved by American Honda Finance, then you will not receive a declination letter, nor a notice of adverse action. Still nothing and it's been from the 29th till 1/19 no adverse letter from Honda.
  2. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership. So like I said there was more to the story! You have POI issues so that's the real reason why the dealership couldn't get you approved through Honda! Wrong... I was approved through Honda. In fact Honda even called me, but the stealership went with a different lender because of my self employment. I have yet to recieve a decline letter from Honda Financial, but Crap1 and Chase came already. They called and said what your approved?! Doesnt work like that.. You do understand the dealership would have to pay santander a fee for picking up that sub prime loan right?? So your saying the dealer said no thanks to the Honda deal and went with a bank that they have to pay a fee too?? Then ontop of that risk you not taking the deal and returning a car that was driven for weeks?? They were verifying my identity because of a FA and also requesting bank statements... So it was no simple phone call.
  3. Furthermore, I think we maybe in the beginnings of another economic calamity. The stock market is a mess, housing is a mess, student loans....
  4. The whole reason behind this thread is because I've never experienced a Spot Delivery because pre financial crisis I was in the 700s FICO wise, but due to the economic calamity I ended up lettering cards go into CO and then sold to JDB's. When I previously financed with those scores. I was in and out of the dealership at most within 2 hours.
  5. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership. you've learned absolutely nothing except the "stealership" and "LieNance" person jammed you with a high rate loan and it took them 3 weeks to do it? really? I mean really? you are in the situation you deserve to be in... read this thread again and tell me I'm wrong that's why Marv gave up so fast.. he spotted this a million miles away +1000 I am new and I also thought this was very strange in the beginning. I am not sure why the OP thought just because they had Honda before that they would automatically qualify or be "entitled" to Honda financing despite their scores and being sub-prime. [emoji849][emoji849] [emoji322]2016 is my year. My journey started 1.13.2016 with a score of 390[emoji25] Marv said so and he's the guy that knows the financing procedures. The dealership even said that getting another loan with Honda wouldn't be a problem because all leases and loans were in good standing.
  6. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership. So like I said there was more to the story! You have POI issues so that's the real reason why the dealership couldn't get you approved through Honda! Wrong... I was approved through Honda. In fact Honda even called me, but the stealership went with a different lender because of my self employment. I have yet to recieve a decline letter from Honda Financial, but Crap1 and Chase came already.
  7. When you're in the LieNance office say "come on man work me a miracle"
  8. Portfolio Recovery and Midland. I've been down this road before with the now defunct NCO and Asset Acceptance. DV CMRRR or do the CMRRR DV and they at the same time dispute with the CRA. And then there's the dunning letter or the nutcase letter that you use as a last resort
  9. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership.
  10. Car is financed through Santander at a whopping 16.93apr at 72 months. I need to refinance this loan, but I'm not sure about time frame when I should start the application process. Also LTV seems to play a big role in refinancing.
  11. Is this necessary? A lie would be telling you something that they new to be absolutely false opposed to telling you something they believed to be true at the time. It absolutely is! The LieNance manager said he could get me financed at 10.00APR and now all of a sudden Santander is now the bank that's going to do it at 17% L&I manager sounds more appropriate vs F&I.
  12. Update: The dealership finally called me. The said Santander is now doing the loan at 17%! The deal isn't fully done because of a fraud alert on Equifax. I knew this was going to happen, a yo-yo scam. The odd part is that the LieNance manager wants the old documents from 12/29. It sounds like a legality issue for the dealership.
  13. I'm very surprised at how hot my thread about Spot Delivery has gotten. This is the first time that I've ever encountered this tactic to sell a car. I can understand the methodology behind if for people with stellar credit because financing can easily be done because there's far more banks to work with, but to do a spot deliver to someone with less than stellar credit is extremely risky. The dealership would ultimately be hit with a huge loss because the car can't be sold new

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