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Posted in Auto Loans
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Question By
rule3

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AUTO LOAN OPTIONS
Can I receive information about auto loans without it being reflected on my credit report

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Top Contributor
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Go to your bank or credit union.

Helpful to 21 out of 21 people

Ask them to see what you can Pre-Qualify for on an auto loan.

That way when you are out car shopping, You will know in advance what you qualify for and you can negotiate with the dealer as if you were paying cash. 

If you let the dealership try to qualify you, they will submit your info to anywhere from 2 to 10 lenders trying to get you the best rates.  Genreally the CRA's will consider this and lower the number of inquiries given that you don't take all those loans you qualify for, But it will show up as inquiries on you report.

As a rule of thumb I suggest avoiding on-line lenders.  They often have many stipulations in their contracts that require fees for early pay off etc.

good luck

Top Contributor
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Helpful to 7 out of 8 people

As long as you do not submit your SS# it should not affect your credit when inquiring about loans......

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Recovering from Bankruptcy

Helpful to 5 out of 5 people

Any suggestions on places to finance a vehicle? My bankruptcy was discharged 2 years ago and I have a vehicle financed now with good payment history. 

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