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No. of Recommendations: 1
""About 3 - 3.5 years ago, I had some trouble and had some 60 and 90 day late pays.""

<followed by:>

""I have a late payment from August 2004 on my report.""

<followed by:>


""$10,000 loan for a used Ford Explorer (2001-2003) paying $5000 upfront, using the loan to pay for the rest. 24 or 36 month term.""


Look at this from the lender's perspective. You have applied for a 24-36 month loan after spelling out that in the past five years, you have not been able to go that long without missing a payment. The fact that your income has gone up does not necessarily affect your ability to service a loan. There are people with 6 figure incomes who struggle to make their minimum payments.

Something about your total picture has turned them off. I'd bet the late pays weigh heavily considering the length of the loan in question. Post some more info about your whole financial picture and maybe we can do better.

Polywilliams




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