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credit report yet?

2006-10-06 07:25:45 · 11 answers · asked by jazzy jay 1 in Business & Finance Credit

are they trying to just get me to come in and run my credit

2006-10-06 07:31:54 · update #1

11 answers

everyone is pre approved being pre qualified is something else. they're just trying to get you there.

2006-10-06 09:39:58 · answer #1 · answered by bella_4624_19 4 · 0 0

It depends on how the card dealer contacted you. Sometimes car dealers will run "inquires" on potential customer credit reports. When they find customers that would be approved if they formally applied they then send out advertising. If you respond to the car dealer based on this advertising they can tell you that your preapproved even if you didn't fill out a credit application. If however they are just telling you that you are pre approved just based on meeting you they may just be luring you in based on the good odds you'll be approved.

2006-10-08 05:11:39 · answer #2 · answered by beer234 3 · 0 0

Pre-Approved means they bought a list of names for people whose credit reports meet the criteria the specified. They haven't actually seen your report, they just got names and addresses. If you read the fine print, there are enough conditions to make 'pre-approved' meaningless.

2006-10-06 13:25:00 · answer #3 · answered by STEVEN F 7 · 0 0

They are assuming that they can sell you a car once you get in there by making you wait for hours in the waiting area while they lead you to believe they are working hard to get you the best deal, when in fact once they have pulled your score they immediately know what they can or cannot do for you. If they wear you down they will get you to agree to higher interest rates which the finance companies line their pockets for. don't fall for the game. Decide what meets you budget and if they can't accommodate you, call another dealership right in front of them and ask that finance manager if he can give you a better deal. It's you money.

2006-10-06 07:47:52 · answer #4 · answered by monkeysmakemesmile 1 · 0 0

If you got it in the mail, they probably did something where they pay for names & addressses of people with scores above a certain number. They can get these by paying, and it doesn't hit you like a normal 'inquiry' does.

However they can still deny you if you dont have a down payment or the lender doesn't like the high milegage on the car you picked, or you dont have the proper income verification, etc.

2006-10-06 07:29:16 · answer #5 · answered by Anonymous · 1 0

Im a credit specialist, and it either means your credit was good enough to recieve more credit from a company you already have credit with OR it means that no matter what your credit score is, theyll give you credit but if its bad, they'll just charge you way more interest.

2006-10-06 07:34:01 · answer #6 · answered by bootlegcrayolas 1 · 0 0

It means that they have lenders who will take risky clients by charging you 30% APR or even higher. Notice, they don't tell you who the lender is or what APR you are pre-approved for.

This is also a generic ad. If your credit is truly awful, they will refuse your business.

2006-10-06 07:32:38 · answer #7 · answered by tkquestion 7 · 0 0

They just want to get you in there IS like me when I wanted to get a new car I went with my trade in They told me they will give me 3500 for my old car but i still needed to give them a 3500 down payment

2006-10-06 07:31:58 · answer #8 · answered by jcs_one 3 · 0 0

Everyone is "pre-approved". I think the only requirement is that you're breathing.

2006-10-06 07:33:48 · answer #9 · answered by M.B. 4 · 0 0

all they want to know is do u have a job and if u miss a payment they can garnish your wages and take your money

2006-10-06 07:28:55 · answer #10 · answered by cc 4 · 0 0

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