My Credit is runied

[damier420]

What is the name of your state? Texas

Good Morning everyone,

About 3 weeks ago i got into a Accident. I was not at fault. The lady who hit me insurance totaled my car. I was upside down in my loan. I owed 13k. The insurance company gave me 9k for my car. And the gap insurance paid the rest. My grand father co-signed on this car for me. But can not sign another due to his age and no income. I was not able to get financed for a new car. For 2 reasons. First one was i had limited credit history. As i kept looking going to dealerships, Now i am being denied because of to many recent inquires. These stay on my credit report for 2 years. Can i go after the insurance company. I have suffered major mental anguish. I have missed work. My credit is ruined because of this wreck. I was not hurt.

Please any advice on what to do. I am trying to send pity letters to the credit reporting agency's. Can i get any computation. So i can use it to get a new car.

Thank you for taking the time to read this and reply.

 

[enjay]

How is your credit ruined? Based on your post, you don't have enough of a credit history to receive a loan on your own.

 

[damier420]

How is your credit ruined? Based on your post, you don't have enough of a credit history to receive a loan on your own.

And now i cant obtain one because of "To many recent inquires" I have been shoping for a insurance company and it shows up. And it was the reason i could not get a gas card. Only thing listed was "To many recent inquires" I have a shell card and a capital one credit card.

 

[Zigner]

The other party is not responsible, in any way, for your inability to finance another vehicle (and the insurance company is even LESS responsible.)

 

[StephenH]

Maybe try getting a used or less expensive car. You might also try one of those "Bad Credit Auto Loan" companies. They may be able to loan you money but it will require a high down payment, and probably at very high interest.

 

[Zigner]

To expand on what Stephen said - you can refinance the loan you get from the high-interest loan co. when your credit score improves...

 

[Betty]

No one is responsible for your credit history except yourself (certainly not the other party in the acc. or the ins. co.). I would follow Stephen's advice. Good luck.

 

[JustAPal00]

What is the name of your state? Texas

Good Morning everyone,

About 3 weeks ago i got into a Accident. I was not at fault. The lady who hit me insurance totaled my car. I was upside down in my loan. I owed 13k. The insurance company gave me 9k for my car. And the gap insurance paid the rest. My grand father co-signed on this car for me. But can not sign another due to his age and no income. I was not able to get financed for a new car. For 2 reasons. First one was i had limited credit history. As i kept looking going to dealerships, Now i am being denied because of to many recent inquires. These stay on my credit report for 2 years. Can i go after the insurance company. I have suffered major mental anguish. I have missed work. My credit is ruined because of this wreck. I was not hurt.

Please any advice on what to do. I am trying to send pity letters to the credit reporting agency's. Can i get any computation. So i can use it to get a new car.

Thank you for taking the time to read this and reply.

Inquireys don't stay on your record for 2 years, it's more like 4 months.

 

[moburkes]

PM me. I'll tell you how to get rid of the inquiries.