Pheasant Gunner Posted March 24, 2017 Report Share Posted March 24, 2017 I called my dealership on the 13th of March, 2017 and asked him some questions pertaining to a new car on their lot. I informed him that I would be trading in my 2016 vehicle on this new purchase if the deal was right. There were some good incentives on this vehicle and I was under the impression that I would qualify with a Ford Motor Credit auto loan on this vehicle. Both of my vehicles are through Ford Motor Credit. The next day on the 14th I arrived on the lot and they did appraisal value on my trade in vehicle. I authorized for credit with Ford Motor Credit and I found out through my Equifax Credit alert that the dealership sent my loan out to the lowest bidder. I was getting inquiries from banks I never heard of. My credit score shot down 12 points. I called the salesman and informed him that I wanted all bids stopped. By then it was to late and my credit report was already lowered by all of these inquiries that I did not authorize. I called All clear ID and they are going to work with me on getting them removed. I had to pay down $750.00 to get my payment under $400.00. The salesman was sorry that they did this and I told them to stop. I signed the form after the hard inquiries had already hit my credit report. Isn't that illegal for them check on a bidding frenzy with whom ever wanted to give a offer. Shouldn't they of informed me that they were going to do this? Is there any legal action I could follow up with? Please advise. Quote Link to comment Share on other sites More sharing options...
nobk4me Posted March 24, 2017 Report Share Posted March 24, 2017 I would contact a consumer attorney. I have used this office, with success, for credit/FDCPA issues in Ohio: http://www.fairdebtcollectionhelp.com/ Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted May 27, 2021 Report Share Posted May 27, 2021 FOUR YEAR OLD thread resurrected. DO NOT ADD REPLIES. Issue resolved long ago most likely. Quote Link to comment Share on other sites More sharing options...
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