tobydad wrote:
Here is as slight problem that I had. Purchased a used class c from dealer and needed financing. No problem, I thought, my credit score was 803 and I owned my home outright and had a good retirement income. I was 72 at the time. Dealer said first bank refused me, but second bank accepted and even had a lower interest rate. Contact with first bank and they reported the refusal was because I did not have enough collateral. Again I owned my home !!! The real reason, I assume, is because of age. Probably thought I would not live another 10 years. Of course they could not say that as it is illegal.
Same here. Credit score high and own home. Good retirement income. Have not started looking yet as have not settled on which model. It will be a trade in anyway but I expect to have the same problem. Am 68 and in better shape than many 40 yr olds!