Those Dealerships Again--Why All These Pulls?

[Watsonsbag]

Thought I would move this to a new post as the other is getting quite long and sort of BUMP it up.

Remember my story of how the dealership did pulls on my husband's reports as well as mine--and they never got permission from him to obtain one. Well, we received credit alerts that there are not only pulls from the dealership, but a hard pull from Household Auto Credit as well.

Now, is there any possible reason why both the dealership AND the lender had to make hard pulls? If the dealer did one (which they obviously did), why didn't they just supply the lender with the info and then wait to hear their decision? Why did this lender pull reports also? A double whammy on us!

Of course, if I knew it was Household they were going to deal with I would have walked right on out that door and told them why. That lender was a major player in our losing our house in the BK. Of course, one has only to do a web search to find out how this lender operates and the many so called settlements they reached with a number of states over (alleged) nefarious practices. You could say they are our arch enemies and we never, ever deal with anything they are even remotely connected to.

Any ideas as to what happened here? We're planning to add Household pulls to our complaints as well. Letters are also going to the FTC over this.

Thanks for reading and have a great day.

[kb9tbq]

I am not sure on things; but to add a little info for your peace of mind, when it comes to inquiries from Mortgage & Auto Lenders -

All pulls within 14 days will count just as one pull, even though they show up on the credit report. You won't know what the one is worth, but that is better then having multiple hits on the credit scores.

[wert]

kb is right, but just to add...

the dealer usually pulls a hard first to see a couple of things.

1. If you are a serious buyer who can be financed

2. To see where they might be able to place the loan successfully and complete the deal.

If they know what your credit score is then they know where they can get you financed and figure the payment. A good fianance man knows what lenders will take according to the credit and score. Actually, they are trying to help you. That way, you don't have to keep pulling your credit from different lenders.