Bring my own Credit reports to get a car loan?
Posted in Buying & Selling on 07/30/2008 06:57 am by admin
will r asked:
I have 24/7 access to my credit report and my scores, will a bank be able to use my credit report I printed out plus my scores, instead of running there on report and bringing down my score with an enquire?
I paid for this service to view my report and scores why do they need to run a report.
DARIUS
I have 24/7 access to my credit report and my scores, will a bank be able to use my credit report I printed out plus my scores, instead of running there on report and bringing down my score with an enquire?
I paid for this service to view my report and scores why do they need to run a report.
DARIUS
08/01/2008 at 7:59 am
They pay to get their reports, also, and there is no reason they should bother to look at YOURS.
08/02/2008 at 12:20 pm
Because nothing says you didn’t spend a lot of time on photoshop, and create your own.
It’s their way of making sure. You could bring in papers that said you’re the prince of England. That doesn’t mean they won’t check it anyway.
08/04/2008 at 10:35 am
They’ll need to have your credit report logged in their system. No way around it. The good news is, it won’t ding you more than 2 points.
08/06/2008 at 8:14 am
It should really save you time to just get an automobile loan price on the web to verify what the going rates are. You might be really happy. Also if your credit is not good, a lot of them are more willing to help you.
What I always tell friends is that an online quote at is worthwhile.
08/06/2008 at 9:05 pm
No. The short answer is they won’t trust what you are providing and will want to run their own.
08/08/2008 at 2:10 pm
I would try to secure financing before you step a foot into a dealership unless you are attempting to finance a 0% special deal.
If you have adequate credit, go to a credit union and they will look up your score and will typically offer you a more competitive rate than a dealer.
The dealer will look up your credit, regardless, and the only way you will need your score is if they are offering a much higher interest rate because they say your credit is worse than it actually is.
Of course if they said that, I would walk out, anyways.