I'm really confused, I have been trying to establish credit to get a nice car on my own without a co signer. I make pretty good income, but the credit has always been a problem. I went to the dealer without my co signer, I check my credit on experian CREDIT EXPERT, everyday and after 6 months on 1 card and also a couple of secured loans with 3 months on each I thought I had established enough credit with my income to go and get the car of my dreams, then I went to the dealership with my income paystubs YTD everything verifies that I make 4-5K a month and they pulled my credit. It showed up that I have 0 on all 3 bureaus. 0?!? I have established no credit after 6 months?!?! Thats a bunch of BS.
2006-08-02 11:49:53 · 5 answers · asked by jacob23637 1 in Business & Finance ➔ Credit
I agree, check with the credit bureaus.
It could have been something as simple as the dealer transposing your numbers, or something to that effect.
Instead of trying to get financing through the dealers agents, you should check with your bank or credit union first and see if you can get pre-approved.
You will probably get a much better deal doing that then going with the auto dealers cronies.
2006-08-02 20:07:32 · answer #1 · answered by echo 7 · 1⤊ 0⤋
1
2016-09-27 22:15:36 · answer #2 · answered by Tonya 3 · 0⤊ 0⤋
I worked in finance at a car dealership for 5 plus years and have never seen that. There must be a problem with your social security number or date of birth. The only way to have a zero is something is wrong. Even my mother, who has no credit to speak of (shes from that generation where evrything is done with cash), her report says "insufficient amount or history, no credit available". There is no "0". Try contacting them (the credit bureaus) and see whats up. hopefully its not fraud......
2006-08-02 12:01:39 · answer #3 · answered by ♫♫I'mforgiven♫♫ 3 · 0⤊ 0⤋
I don't think your score was zero, they meant you had zero credit which means a blank pull (no good or bad).
It sounds like the companies you have credit with don't report. My suggestion would be to contact your creditors and ask them to do a courtesy report on your account. Most will do so although they are not required to and it can take up to 90 days after they do it to show.
I have found that one of the best ways to improve your credit is with a Secured credit card. I suggest either National City or Orchard bank. Both have fairly low deposit requirements ($250), both report on a regular basis as a standard(unsecured) card, and both will convert your card to unsecured after a year of good payment history.
The other option is to give the finance manager/loan officer at the dealership/bank a list of your creditors and ask him to verify your payment history manualy. They can usually do that as a last resort.
2006-08-02 18:28:48 · answer #4 · answered by Jim R 5 · 0⤊ 0⤋
You right i've never heard of 0 the range is300-850
2006-08-02 14:47:37 · answer #5 · answered by Luckys Charm 4 · 0⤊ 0⤋