Ford Motor Credit - Hard Pull

[Anonymous]

I had went out this weekend to buy a new Truck and when I was at the dealership they ran the credit and man I am looking at the internet and can't believe what they did.

The Credit score that I had I was about to get in the 700 club now my score is nothin back down to 600.

[Anonymous]

sorry to hear. i too went looking and as soon as the sales guy asked my birth date i said no way, i'm not interested in applying for credit today. if i do buy i will arrainge my own financing.

he said don't you want to take it home today if we can get you approved. i simply said nope, if i do buy it will be through one of my cu's.

he just waded up the app that only had my name on it and round filed it.

i knew if i gave him my info there would be tons of inq's from every lendor they ever dealt with.

[fishbjc]

You gave him your personal information?  Why?  Did he explain that it was an application? 

Don't give your personal info to sales people!

I seriously doubt your fico scores will fall 100 points over an inquiry.

[treski]

Could they have fallen that far because the dealer had several lenders pull your credit info?  I think this happened when I bought a car a few years ago.

[fishbjc]

They only count as 1.....or should.  I think something else is amiss here.

[Anonymous]

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fishbjc wrote:

You gave him your personal information?  Why?  Did he explain that it was an application? 

Don't give your personal info to sales people!

I seriously doubt your fico scores will fall 100 points over an inquiry.

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Yea, I gave him my personal information. I had to in order to finace the truck, but instead of it counting as one inquire it's now 3 more on my report.

That's the part that I am mad about, Cause I was trying to shape up my credit. The credit score for Transunion did not get affected it's the other 2.

• Experian - It was a 682, now it drop to 620
• Equifax - It was 670, now it drop to 642

You see how it did not drop a 100 points, But it still set me far backn I was really hoping to get to 750 in the next couple months. Now that's going to stay on my report for  7 years.

[Anonymous]

The 3 pulls will show up individually, but for scoring purposes the 3 pulls only count as one.

Did the loan report too? That could be why it dropped so much or.....possibly the 3 haven't been pulled as one yet....

Either way, this should be a temporary dip. You shouldn't lose more than 5 points or so if this is your only inquiry.

[southernficoaddict]

An inquiry will show up on you report for 2 years, but will only count against your score for 1 year. 

Thank goodness they don't count for 7!

[athensguy]

Are you pulling your scores from this site?

[Anonymous]

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@Anonymous wrote:
The 3 pulls will show up individually, but for scoring purposes the 3 pulls only count as one.

Did the loan report too? That could be why it dropped so much or.....possibly the 3 haven't been pulled as one yet....

Either way, this should be a temporary dip. You shouldn't lose more than 5 points or so if this is your only inquiry.

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No, They did not report the loan because the way that we went about buying the TRCUK, is put it under my dad's name and have me as the co-signer. Well they deicided to run both of our credit to see who they can give the best deal to.
-Well the thing is with my low income the bank did not want me as the primary cause they are not sure that I could make the payments.
-If the loan did get reported it would run under my dad's name. Yeah sure, I am getting partial credit but it's not really helping me out. Its helping my dad out more cause he scored lower than I did.