Lucid Financing issues

[newkidontheblock]

Last year when I tried to lease a Lucid year my application was declined. I did not have any debt and I had not applied for financing so this was a surprise. Fortunately we were able to lease the car based on my wife’s application.

I was told that they needed at least 3 credit lines. I have had the same 3 credit cards for more than 20 years so I did not understand why my application was declined.

I finally got around to looking into this. I found that Lucid checked Experian for my credit history. Experian was missing a credit card I have been using for over 20 years. I am working with experian now to fix my credit card information.

My current lease was 36 months and I hope to lease another Lucid when my lease expires

Sharing for others who may run into similar issues.

 

[TahoeMichael]

A pox on all the credit reporting agencies. I know they're a necessary evil for an economy that relies so heavily on credit, but I've had a number of bad interactions with them.