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  1. #1
    Registered User New Member
    Posts
    1

    Getting high APR quotes despite excellent credit rating - what to do?

    I got a quote recently from my credit union for an auto loan: 9% interest, despite the fact that I have a credit score around 800. They implied that I didn't have "enough" in my credit history. The only debt I've ever had is 1 credit card, which I've always paid off each month. There was nothing amiss on my credit report. Do I need to take out more cards? Should I take the auto loan and pay it off quickly, just so I can fix this situation before I buy a house?


  2. Getting high APR quotes despite excellent credit rating - what to do?
  3. #2
    Registered User New Member
    Location
    Louisville, KY
    Posts
    7
    Most lenders like to see at least three trade lines with at least a 12 month history of clean payments. A $500 limit credit card isn't a lot for a lender to go on.

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