Re: First time using auto financing.
[ Edited ]
..do I have an auto enhanced score?
10-02-2012 01:27 PM - edited 10-02-2012 01:35 PM
Here is an update:
On 10/01/2012, I applied online to TMCC (Toyota Financial). I was told that I would have an answer in one business day. I then let the person at the dealership (who had let me do a test drive a few weeks prior) know I applied on line and I would keep him updated. Initially, I was declined because I have a fraud alert and TMCC could not get a hold of me. I updated my telephone number with Trans Union after they verified my identity by answering a series of questions. The salesperson I dealt with told me that he could get me financed with Capital One. I told him no way, TMCC only. I then asked him how Cap One got my information. He said he sent them my "profile." I immediately sent a text to the salesperson telling him that I did not want any other financing aside from TMCC and I do not want a bunch of inquiries on my credit report. I wanted some sort of proof of my demand.
I found out that my enhanced auto beacon is 654. Agreed to the financing and down payment. I did not give them the down payment, telling them I would bring in cash the next day.
Fast forward to today...
I went to the dealership today to pick up my new Camry Hybrid. While on the way, my iphone indicated that I had 6 unread emails. When I pulled up to the dealership, I sat in my car and read them. Turns out I was receiving updates to my Trans Union credit report. The previous day, 6 inquiries were made (to various banks) on my credit file. I was like **bleep**!
Not being able to stay calm, I walked into the dealership and wanted some answers. I told them that I was canceling my sales contract. I left. I called my attorney right away. He informed me that I do not have a right to cancel a auto sale in the State of Ohio. He said I can sue in civil court for unauthorized inquiries on my credit report.
The manager of the dealership told me that he cannot remove the inquiries.
I sent an email to the dealership telling them that they had to remove the 2 inquiries they were responsible for (their dealership and parent company) and that if they don't, not only will I seek a civil remedy, I will not bring in my down payment.
Any other advice?