Question about Ford Credit ,
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Tuned
Joined: Jul 2002
Posts: 292
Likes: 1
From: Houston, Tejas
Question about Ford Credit ,
Does ford credit always check ones general credit file all the time, even after having paid off 2 trucks through ford credit? Or do they just look at the Ford credit file only if one goes to finance through them again. thanks.
Cargo Master
Joined: Aug 2004
Posts: 3,455
Likes: 8
From: Williams Lake B.C.
I had a 2003 Windstar with Ford credit.
Paid it off 3 months early.
Never had a late payment.
Ford Credit wouldnt do my next deal I had to go to the bank and they almost turned me down because ford had!
I dont think Ford even reported to the credit bureau that I paid it off early and was never late.
Paid it off 3 months early.
Never had a late payment.
Ford Credit wouldnt do my next deal I had to go to the bank and they almost turned me down because ford had!
I dont think Ford even reported to the credit bureau that I paid it off early and was never late.
Moderator
Joined: May 2007
Posts: 158,421
Likes: 11,986
From: Greenfield, MA
Ford Motor Credit is not in the business of NOT lending money. If you were turned down for a loan...there was a good reason. Most applications are transmitted electronically and are either approved or rejected by a computer. Real people never see the aps unless they fall within a gray area that requires review. I'm sure the business manager at the dealership did everything he/she could to secure financing for you. After all...no one at the dealership gets paid until you are driving one of their vehicles.
You will get a letter from FMCC...as well as any other bank that turned you down...stating what Credit Bureau they used to make their decision. You can then request a free report from those bureaus. Do that and then you will be able to figure out why you didn't get the loan.
You will get a letter from FMCC...as well as any other bank that turned you down...stating what Credit Bureau they used to make their decision. You can then request a free report from those bureaus. Do that and then you will be able to figure out why you didn't get the loan.
