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Evidently they aren't reviewed for soundness. That's why we had the crash of 2008 and the economy we're dealing with today.

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15y ago

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What type of credit check, hard or soft, will be conducted during the application process?

During the application process, a soft credit check will be conducted.


What data is reviewed when determining your credit score?

When determining your credit score, data such as your payment history, amount of debt, length of credit history, types of credit used, and new credit inquiries are reviewed.


How many times did the dealership run your credit during the car buying process?

The dealership ran my credit once during the car buying process.


Can you please tell me how credit card processing works?

Credit card process works this way: One fills out a form online or paper, the for gets reviewed for a credit check and based on a person's credit check, the application can be declined or a certain amount can be provided (credit limit) if the application is approved.


How many times can a dealership run your credit during the car buying process?

A dealership can run your credit multiple times during the car buying process, but typically within a short period of time to minimize the impact on your credit score.


Can a dealership run your credit multiple times during the car buying process?

Yes, a dealership can run your credit multiple times during the car buying process to check for loan approval and interest rates. Each credit inquiry may affect your credit score slightly.


When can your credit report be reviewed by a lender or other entity?

when you ask said lender for a loan, you will sign a release that allows them to obtain your credit report and show it to you.If you are applying for credit, you may give permission for a credit review. Otherwise, your credit cannot be reviewed without your permission.


How can I avoid a car dealership running my credit multiple times during the car buying process?

To avoid a car dealership running your credit multiple times during the car buying process, you can request that they only run your credit once and provide a copy of the credit report to other dealerships if needed. Additionally, you can secure financing from a bank or credit union before visiting the dealership to avoid multiple credit inquiries.


What if the credit card not presented during the refund transaction?

The credit card is supposed to be presented and processed. But it is possible for some systems to correctly process the refund if it is not. Unfortunately I would be very suspicious that the refund was not applied if the compan7y did not process the credit card.


How can you find their credit score online?

Free credit reports can be reviewed on myFICO, Consumer Information, Experian, TransUnion, Equifax, Free Score, Zoom Credit Score, Credit Sesame, and Got Credit.


What does MR mean on a credit report?

It Means Months Reviewed. http:/www.creditengine.net/equifax_format.htm


Why do car dealers run credit multiple times during the car buying process?

Car dealers run credit multiple times during the car buying process to check for the best financing options and to ensure the buyer's ability to make payments on the loan.