Low rate quoted but not Given
I received an invite from Credit Karma to reduce my auto loan rate for a new car I just purchased and selected Rate Genius to apply. The rate shown was 5.45% for 60 months but of course in the fine print it says "** Estimated". My credit score is in the 800's, My total annual income is over $135k and my debt ratio is excellent by Credit Karma standards but yet I didn't qualify for the rate shown. I received another invite from Credit Karma only this time it was through Auto Pay at the same rate, I applied through their site and my application was accepted but for some unknow reason it was cancelled. After doing some research I discovered both the companies, as well as a third Tresl, offer the same services all tied to Rate Genius. I have yet to hear back from them to explain why my application was cancelled but I assume it was because I didn't take to higher rate offered to me.