You can try asking the lender. You would probably need to ask a supervisor and even then they might need to call someone at another office that is higher in the company.
They ding your credit because you are considered to be more desperate for credit by going through a consumer finance loan company. Have you tried for a personal loan from your bank instead. Or see if they have a Finance Bank susbsidiary. Like Wells Fargo has Wells Fargo FInancial Bank. WFFB helps those who don't meet WF credit standards but their loans report as revolving and not as a cfl.
Or you can even try another bank or cu in your area. Explain your situation and tell the loan rep what is in a copy of your credit report before applying for the loan. Ask them if they can help or will any of the information in your report cause an automatic denial, ex. a collection account = auto disqualification.
You would need all 3 reports since you don't know which one that they pull. They will have to pull your report to approve the loan though.
Message Edited by cowpaddi on
02-23-2008 01:53 PM
