I applied for a 9000$ loan with Citi Financial. My application was submitted to the 7600 W. Capitol branch. A nice woman called me right away the next morning and offered me a loan of 7500$ for a term of 250-300$ a month.
I asked her if I could talk it over with my co-signer and she said I could call her back. A few days later I decided to take the loan and left a message about it.
Someone other than the woman I talked to returned my phone call saying nobody approved me for a loan because I didn't have enough credit, although I DO have PERFECT credit with what credit I do have. But that is not true. I ABSOLUTELY WAS APPROVED FOR A LOAN OF 7500$ BY SOMEONE AT CITI FINANCIAL!
(Maybe they think I'm a liar about them wanting to give me a loan, which I AM NOT, because I don't have enough credit).
First they absolutely say I can have a loan, then they try to say I wasn't approved because I don't have enough credit. It is so frustrating with these loan companies. They won't give loans if you don't have enough credit, even if it is good and never had any problems, and have paid all of your bills and on time in full, and would continue to do so.
What more do these places want? Why can and how does not having enough credit or your credit score, mine which is 750, determine whether or not you will pay your loan back?
What, they feel like you are a bad person or you can't be trusted or are so afraid you won't pay your loan back if you don't have enough credit? That is ridiculous and insulting. How much income or credit must you have to satisfy these companies before they will give you a loan?
They act like we were asking for 90,000$ and not just 9000$ which we could have paid back easily.
You know you can and will be able to pay your loan back, but still they only go by how much credit you have or how bad or good it is. That really isn't right, or fair.
Having good credit is still not good enough to give a loan. I am so tried of these loan companies judging you by your credit or acting like you can't be trusted to pay back your loan, when you know you can and will, just because you don't have enough credit.
Do not go to these Indian givers for a loan. First they will say you can have one, then say you can't.
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