While it may seem the bottom has sank as you hear the echoing news from the bank in which you applied for an auto loan that you have been denied due to your credit score- it is not a total loss.  When you are denied by the bank it is due to the fact that your credit rating has placed you in sub-prime territory.  Although this may sound like a sinking ship- which at the present moment it is, it does not mean that you are forever branded to this category.  Nor does this mean that your borrowing days have come to an end, either. Continue reading →