I was at a neighbor’s house the other day, tossing a Frisbee with her 9 year-old grandson. Each time one of us accidentally hurled the disc into a wall or other obstacle, the other would yell, “UGH, WHAT?! DENIED!” following by gusts of laughter. It was all good-natured ribbing as boys are wont to do.
Nothing like play at full volume to shake off a busy workday and car-shopping nerves.
Close, but no car…again
I have a feeling the local credit union underwriters did the same thing with my auto loan request because “UGH…WHAT?! DENIED!” This time no gusts of laughter followed. Only ass-kicking disappointment.
“There’s nothing wrong at all with your credit score–in fact, it’s excellent–the problem is you don’t meet our credit guidelines. There’s no long-term credit useage,” the underwriter told me over the phone.
Duh. Go through a blast furnace of a recession and those credit cards get stashed away with a quickness. I started using them again once I landed my day job last January. I pay the balance in full each month and on time.
“What really came into play, though, was your debt-to-income ratio. It’s outside of our guidelines. In other words, you don’t earn enough to take on that kind of debt.”
I’ve been without a car for a year and a half. I’m impatient as hell. Blame it on the health crisis I had three years ago: spend any length of time in the back of an ambulance followed by an inpatient stay in the hospital, and it will change your perspective and sense of time. It sure did for me.
I feel a sense of urgency to do the things I’ve wanted to do once I had a car. I’ve had it with life standing still. Life can and will change in a second. Seriously, if the Fates can flip me the middle finger once, they can do it again. At least they can let me have a fucking car this time around before the other shoe drops. Kidding! Sort of.
Odd girl out
I’m definitely an anomaly in my rapidly gentrifying community. People around here now think nothing of dropping $20-30 grand in cash on a car for Princess or Junior as a birthday gift. My next door neighbor bought a 2016 Prius for cash because he was “curious about what all the talk was about.”
(Dude, I could have saved you the money. It’s the strangest-looking car I’ve ever seen, and I’m not sure if that means I like it or if it means I hate it).
I’ll admit, this recent setback is a blow to my ego. As a Generation X-er, the benchmarks for adulthood included supporting ourselves, having our own place, and buying a car on our own. I feel like I’ve somehow failed at one key aspect of this adult thing.
I called the car’s sellers, a well-heeled couple who lived nearby and explained the deal was a no-go. I’m sure the fact that someone got declined for a small car loan blew their minds, as they paid cash for the Camry when it was a year old.
I’ll be re-grouping in the coming days. Time–and a new car–waits for no one.