Key Bank Screwed Me...Help

[MBA1620]

I applied for a loan with Essex, and was told that Key Bank in Ohio rejected me. Sorry SOB's. I have 15% to put down. I own my home value 160K, I have a good credit rating (over 700) and my assets to liabilites is 165K positive. Tax returns and 1040s to prove it. They said I was not approved because I have never borrowed more than 35K. Crap I didnt need to I paid cash for my house. Please send me some direction. I am a college professor and my wife is an RN. We make over 100K. And the answer is no about a home equity. I will need to do that in the very near future on some rental property repairs. Does someone know someone? Thanks in advance.

[Keith E. Sayre]

Call me when it's convenient. I have some brokers
that will do the deal and you'll be happy with the
rates. They are miracle workers in their field!
Keith Sayre
Conquest Boats
Lake Havasu City
928-680-1400

[HavasuDreamin']

You have a PM

[al cole'holic]

I was just tellin my bro that they ****ing denied me too? I got alot of shit but damn all I was trying to do is refi the boat loan. He got a 5.49% or something and I thought it would be cool to save a little...I couldn't understand their logic either on the whole deal. :confused:

[mike37]

Dont pay cash for stuff even if you have the money
get a lone thene pay it off in a few months
it will biuld your credit like no other
if you dont baro money you dont have good credit
no history to go by

[SCUBA STEVE]

sounds like b.s. to me. I dont have all that & they approved me within a day. (keybank also)They must like CA $ better or something?
Good luck.

[Seadog]

I had a professor in college. Retired marine avaitor, never borrowed in his life, Paid cash or did without. At retirement, he went to borrow to buy a house and got turned down. He had to spend two years borrowing amounts and then payng them off. The credit bureaus do not see "assets" They look at a track record. They can't rate you if you don't play their game. A credit rating is something people should work to build and protect.

[SCUBA STEVE]

Seadog:
I had a professor in college. Retired marine avaitor, never borrowed in his life, Paid cash or did without. At retirement, he went to borrow to buy a house and got turned down. He had to spend two years borrowing amounts and then payng them off. The credit bureaus do not see "assets" They look at a track record. They can't rate you if you don't play their game. A credit rating is something people should work to build and protect. Isnt a rating of 700 good though?

[NEW 2 RIVER]

I used to deal with Key bank in the auto industry and whenever they approved a loan for a customer they always tried to act like they were doing everyone a favor.Strict approval criteria and never would give me a good idea of what it was.
Strange lender!
Never got business from me unless I had too.

[Riverhound]

We went through a similar situation with Key Bank. Part of the problem was Essex Credit. Lets just say thay are less then above board. Very strange folks. Ended up going with B of A and had no problems at all. Makes you wonder. :rolleyes:

[Stupid Fast]

I live in Ohio and Had a truck loan through Society while they switched to Key. They had my account so screwed up I had to prove payments with canceled checks 3 times jawdrop so I sold the truck to get away. Twice since then they have hit my burningm credit burningm report for the same checks that I had to prove payments were made. Very terrible experience. Their excuse was the change over but when it comes to my money and credit there are no excuses
Eric

[MBA1620]

Thanks to everyone so far. I still need to find someone that can make this deal happen, broker, financer whoever. Commission to be paid.

[al cole'holic]

MBA1620:
Thanks to everyone so far. I still need to find someone that can make this deal happen, broker, financer whoever. Commission to be paid. Check into BofA, you'd be supprised.... :D

[Havasu_Dreamin]

Have Essex try and run it thru Bank Of The West, that's who they used for my loan.

[Boozer]

al cole'holic:
MBA1620:
Thanks to everyone so far. I still need to find someone that can make this deal happen, broker, financer whoever. Commission to be paid. Check into BofA, you'd be supprised.... :D I was turned down by a LOT of banks because of a stupid $135 collection on my credit report that I have been disputing for 2 years now. Credit score is like 710 but they were all turning me down because of the 1 stupid collection. Bank of America Approved me and locked me in 12 years and 6% interest. I even got a pre approval through them now for my next Boat and its a LOT of money on that approval. Now I just gotta get my house closed so I have a place to keep the big boat.

[Rubths]

Havasu_Dreamin:
Have Essex try and run it thru Bank Of The West, that's who they used for my loan. Bank of the west did my motorhome. I would also recommend them!