does anyone know how much more monthly payments will be near the foreign credit card legislation?
Question:This new legislation is mentioned within a yahoo story about individuals defaulting and being unpunctually on payments.My question is how much more can I expect minimum payments to be?
Answers:
A swift Yahoo search come up with this.
Under pressure from the Office of the Comptroller of the Currency (which regulates national banks), the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision, some national bank will soon be increasing minimum monthly credit card payments so they are closer to 4% rather than the current average of around 2%. Some focal banks own already increased the minimum payments and others are about to follow suit.
Therefore, if you own a $5000 balance, you used to own a minimum payment of $100. Now it's increased to $200.
How long does a distrustful report on a Credit Bureau report stay once the item have be rewarded contained by full?
Question:Answers:
7 years it'll be there for... but don't listen to the drivel just about it not doing anything for you -- a lender looking at a 4 year old collection would prefer to see it rewarded 3 years ago, than still unpaid. From the moment you pay the collection, you start on the increase your credit. Take it as an opportunity, as all dutiful credit developed from here on out counts against any bad credit you previously have, and tells a lender that you once have troubles, but they are behind you.
Other Answers:
I hear 5 years but i could be wrong
not 100% sure...i think anywhere from 3mths to 3yrs depending on the report
This is why I preserve screaming my warning.
Why take-home pay off a debt if they are going to walk off the negative report on your store! ALWAYS get an agreement contained by writing that if you pay bad your debt they will either remove the list, or show that it was "Paid within Full,Never Late".
Now you have basically ruined your credit record, plus you are broke! And since they enjoy your money you have no leverage to win it changed.
Negative reports stay on your record for 7 years. Try sending the creditor a request to adjustment it. Some of them have a tiny heart, and may do it for you.
ADDITIONAL COMMENTS
dmorgan's comments below may be correct (still trying to verify)....so hold on to his point in mind. However, it assumes that the lendor will scrupulously examine your credit history and sees it.
Most lendors do not budge beyond your Credit Score, and any negative reports will lower it.
On the other foot, positive reports, such as accounts "paid within full" improve it.
Always try to seize negative reports removed from credit histories!
to long the reporting agencies are adjectives crocks and should be jailed
Has anyone ever made an up front reward for insurance on a loan?
Question:My mother has fruitless credit and is looking for a personal loan. She has spoken beside three companies that have offered to assistance her. They each advise her that she would have to pay envelope to insure the loan. She is attempting to borrow $15,000 and the three companies are asking for around $1,300 dollars to insure the loan. I have hear of companies requesting insurance on a loan, however I have never hear of making such a payment up front. The three companies that she is speaking beside are:American Investments
First National Credit Corporation
Mitchell Brokers, EZ Loan Institution
Has anyone ever heard of these companies? Are they legit? Has anyone ever remunerated insurance for a loan up front, and if so are the amounts they are asking for reasonable?
Answers:
Sometimes home lenders require that you settle mortgage insurance as part of your clearance. I would certainly want to know the interest rate and also if the loan wants to be secured. If your mother's credit is horrible because of some reason I would consider it if she is desparate
Other Answers:
I enjoy never heard of that sort of policy. I not long borrowed 5000 from American General Bank and they asked for no such thing, And i hold bad credit.
The merely time I ever had to recompense up front was when I get my home loan and that was FHA insurance, I would make clear to your mom to keep looking....
I requirement to know every piece around credit card.?
Question:I want to get credit cards but i neeed to know every entity about them approaching stuff like if you spend 20 dollars how much would you hold to pay for your credit card i only need to know every point. HELPAnswers:
First off, respectively credit card is different. Many have a difficult minimum amount you need to rate each month. They adjectives have completely different interest rates. My counsel is not to put anything on a credit card that you can't immediately remuneration off. Otherwise you'll catch bombarded with interest rates. There's really no origin to put $20 on a credit card. Why not get a debit card instead. It's related to your checking/savings accounts and will only agree to you spend what you have available.
Other Answers:
IF YOU NEED TO ASK THESE QUESTIONS, YOU ARE TOO YOUNG FOR A CREDIT CARD. YOUR BEST BET DON'T GET THEM, THEY LEAD TO THOUSANDS OF DOLLARS OF DEBT.
i am not behind the times enough to draw from a credit card but my sister got one and get into a lot of s**t it ability that you can spend money you don't have and it doesn't own to paid past its sell-by date straight away, you also can just engineer minimum payments meaning that you enjoy a hard time paying it bad, my advice avoid the hassle and don't draw from one. depends on the rate you will get it.
If you use $100 dollars from your credit card at a 20% you own to pay 100/.20 = $20 dollars surrounded by that year or (1.67 dollars) a month.
Interest payment will shrink as you pay montly.
Also, some of the own a annual fee (get away from this), and others hold a variable rate (Also save away from this). You want a flat rate fee. If you capture another with lower rate, acquire rid of the old one. the trick is as you build up credit evaluation, better offers you will get hold of....
This sounds little money, but try it with $2,000 dollars.....
they are unpromising and are a trap stay away from them you are better off paying bread for what you will end up paying out of pocket for partaker fees and interest. There is a lot of pious info on this subject right here.
Source(s):
http://www.credit-cards.jims-info.com/
Credit cards? Sounds like you are infantile.... at least beneath 25. May be a teenager?
Just avoid it close to plague. It will get you into hoard of trouble. Get the card only when you own income from your job. They will lure you into credit, capture you hooked and you will find it difficult to get out of.
Why use your credit card when you cannot afford? This is road to disaster. I know deeply of people who be caught in this spiral and sink so low. It is good that you do not know a great deal about CCs.
You own plenty of years ahead to learn adjectives about it.
Ignorance is a blessing surrounded by this case. First I'd resembling to say CAREFUL - When you receive credit cards it is tempting to charge on them and while specifically ok if you are paying them off every month, the symmetry can really add up nifty if you don't. Go back and pose the request for information - How long did it take you to charge up your credit card AND how long did it rob you to pay it bad? The answers might surprise you. Good Luck
Source(s):
personal experience.....
www.oprahwinfrey.com?
Question:I am having closely of trouble paying my bills and is very aft I have small children and is a single parent trying to brand and I tried to get a loan but every loan company denied me what i can i do to grasp out of debt to get my credit posterior in polite standing?Answers:
Baby steps. First do you have a position? Family and friends to turn to for support?( I don't mean money.) Go to church or other organized meeting with support groups.
I know its thorny to breath, Close your eyes count to ten take a open breath. Write everything down on a piece of paper and face it one at a time.
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not Oprah!!
Public Assistance.......(?) Oprah cannot help you here maybe if you email your sob story to her. BUt honey nearby are far more sadder cases than yours sorry.
Try food stamps......Maybe even prostitution! JK! Try the Oprah show!
1. Go to school. you may qualify for financial aid or other grant available to college students. I know a lot of race who live off financial aid. School is their living and people make available money (scholarships, grants) to students who make well-mannered grades2. Get a job!
(Canadians Please) Is it possible for my infirm Canada Student Loan to fade of the frontage of the loam?
Question:Long story as to why it even came to exist within the first place. I had it 8 years ago. I just this minute tried to find it to make settlement arrangements, but the government, the Royal Bank, and my credit report have no record of it. Is this possible?Answers:
It will eventually show up on your credit report, as soon as it is sold to a collection agency, which is inevitable.
Canadian imperative changed in 2002, and student loans are immediately permanent - they never drop bad the credit report even after the old 7 year statute extent. They also survive bankruptcy.
If you phone 1-8OO-387-5604 and give your SIN they can speak about you if you have any outstanding adjectives debts.
Kind regards.
Other Answers:
singular if you do...........
Is this a accurate conception?
Question:Should I take out a $100,000 loan to invest contained by the stock market?Answers:
Hahaha! Right, you progress for it man! No fear!
For existing though, that is the stupidest conception ever.
Other Answers:
i would not.
NO, it is not a good impression. It is a very death-defying one. You will have to do vastly well surrounded by your investment to make up for the loan charges. And if the investment happen to fall surrounded by value a liquidation can result meaning you would lose more than the untested loan. You would probably lose all of your assets. unpromising idea
Only if you can afford to lose it.
oh, i would not.what is your conception?
It is not a bad view, it's just a risky conception.
You should do it if you feel your investing skills can earn at lowest possible the interest on the loan and commissions you pay for the trades. If the loan is 7% and the commissions are next to a discount broker don't even worry going on for the cost of them, at 7% you would need to craft $7,000 a year return or you would loose. Although you should put a value on your time, so if you made a profit of single $100 or less it might not be woth it unless you place greatly little value on ur time.
No. (Unless I am your portfolio planner or somebody else with plentifully of experience in the stock market)
If you hold experience in the stock marketplace you can also invest on your own. But It seems to be precise not your case.
I also wonder, How much of the $100,000.00 are you ready to lose in the stock marketplace? ($10,000.00-$100,000.00)
And how are you going to pay the loan rear? I mean, you don't enjoy other sources of income or are you going to sell your house or your saloon to pay the loan?
The answer is impressively simple.
If you borrowed this money, and lost it all subsequent week, then what? Can you afford to lose $100k?
At a minimum, you necessitate to find a stock that can guarantee a return equal to whatever you will be paying surrounded by interest on your loan.
Think real concrete on this before you do it. Next year I may be charging for my proposal on bankruptcy.
Think rich acquire rich. You MUST know what you're doing first. Get educated on the flea market then stir for it. maybe
individuals have made money this course...people own more often ruined themselves this instrument...read your history book about the crash contained by the 20s...if you are going to borrow money, consider investing in existing estate...at least you would hold something tangible that probably will turn up in helpfulness and could produce some income for you...
This is really a moot question as it is doubtful anyone will loan you 100,000 to invest within the stock market. What are you planning to use as collateral?Credit card: What happen if I spend more than my credit contained by a month?
Question:My card is 1000 $ master.Will my name shift to the black list if I spend 1500 $ this month? even if I return adjectives of that at the end of the month?look forward to hear from u soon.
Answers:
You will most possible not be authorized for too many charges above your credit vein, however one of the dirty little tricks the credit card companies do is "allow" you to go over-limit and later they charge you an "over-limit" fee. Do that a couple of times contained by a 6 month period and you will grasp the pleasure of paying their highest rate. A friend of mine get to pay 31.99% on his card for the subsequent 6 months because that same thing happen to him.
Good Luck
Other Answers:
No, but you will probably pay a creamy penalty to Mastercard. They might, as a courtesy, up your reduce if you qualify.
You will be in 'over-limit' status and here is additional charge for that status (you might check how much is the charge and other regulation considering near the status in the issuer bank). Better to swot up everything in details to prevent troubles contained by the future, don't you believe? Most credit card companies will not authorize very lots transactions over your credit limit. The card will most possible be declined at the register when you run over your limit.
If your card is in reality over the limit at the time they e-mail you your next statement, you will probably be charged an "over-the-credit-line" levy, which might be $15, $25, $35, or even $40 (US). Ditto Credit Guru!
Gotta read your credit agreement very fussily! It may let you shift over the limit if you payment the entire balance at the finale of the month, but you better check to to sure.
In the "good outdated days" a "Credit Limit" meant lately that! When you reach that cut-off date your card is frozen and you can't charge any more.
But then the nice ol' credit card companies granted to do you a favor. If you go over your define, they will automatically up your limit to allow the purchase.
The subsequent think you know, your $2000 credit card presently has $5000 onit, and you catch to pay fines and a bright interest rate. And they are very reluctant to lower it rear legs again.
Can you guess why thousands of people hold filed for collapse? Or why loan consolidations are so common presently?
Where can I win the best interest rates for a loan to purchase a used vehicle?
Question:Answers:
Shop around. If you qualify then a local credit federation may offer the best rates within the area.
Auto loan rates are driven by your FICO evaluation (or your Auto Enhanced FICO score) and there are usually 4-5 "tiers" or level of rates offered based on your credit ranking.
Good Luck
Other Answers:
good credit
credit union ,or chase manhattan or bank of america
Try this site they enjoy government auctions vehicle from $200
Source(s):
http://refer.ccbill.com/cgi-bin/clicks.cgi?CA=928797-0000&PA=1184873&BAN=0
What happen if I spend more than my credit contained by a month? it's a 1000$ master card.?
Question:Answers:
1) They will charge you a fee
2) They will incline your interest rates
3) They will charge you a lot more of interest for any amount above $1000.00 (That rate can be highly developed than 25%)
4) If you ever ask your bank for a credit smudge raise you could be decline
5) You are supposed to keep your debt at 50% of your credit splash or lower at all times. (If you merely have 1 credit card you cannot own a debt of more than $500 at all times) if you preserve your debt at 100% of your credit line your credit rack up will go down.
I suggest you to keep hold of your debt below $500 at all times (With that MasterCard) and apply for another credit card if you obligation to spend $1000.00
Other Answers:
They could raise your interest rates, and make a payment a fee for going over.
Your credit card can be decline, you can be charged an overage fee, and your overage can be due and payable adjectives at once. Do you really want to play games with these guys? sometimes any the card will get decline when u try to purchase over your limit. or it will tolerate u and u will get an over the ceiling charge. its best to call your credit card to find out.
Source(s):
cashiering experience
It depends on how much you spend over your credit card. Sometimes you can be charged for a overlimit allowance -- try to get them to waive. Sometimes they do decline at the banker before you can even variety a purchase. Some credit cards do allow holders to go beyond reliable limits. Please do check near your credit card bank.
you wage a fee and consequently the difference over your credit amount has to be remunerated in full asap .if your goal is 1000 and spend 1300 you have to settle up the 300 immediately.my boyfriend is not sufficiently expert to pay packet student loans, his co-signer passed away. Who will they stir after to get hold of the mon
Question:He can't repay it all but his grandmother be co-signer and she passed away. Does the debt then jump to his grandmother heirs?Answers:
Student loans are tricky, they are the kinda debt that really can never be in motion away. They cannot be included in bankruptcys, and are run fairly by the government. My suggestion is to ring the student loan office and see if he can motivate his forbearance. The forbearance will get rid of his current symmetry and charge him only intrest until the forbearance runs out. its approaching starting over. They will offer adjectives terms of forbearance (Mine is 16 months maximum for the existence of my loan.) That is the best bet. If that is not an pick he needs to grasp somthing worked out. If his co-signer haad any estate or any inheritance they can legally take it for the loan. As for him, they can sue him for it. They can levy against his tax returns and side dishes his wages. In the long term they can prevent him from human being able to own a house, or receive any sort of loan what so ever. He needs to phone them and get the picture straitend out.
-good luck if you have any question email me
Other Answers:
no, since the co-signer passed away, he now "own's" the debt within full. Regardless of whether he can pay or not, it will progress on his credit report and the lending institution will verbs to make attempts to collect the debt.
They will move about after him.... They can't go after someone who isn't around.... What they will probably do is keep on for him to get a job(if he doesn't hold one already)... and just pilfer a certain amount out of every check until it is salaried.. His co-signer? The only other heading on the debt is his? Guess who? ~:(x
he is responsible to repay the loan, his co-signer only guarantees pay if he doesnt pay but since she have passed he & only he is responsible for it not her heir
They will sue him for the money an there go what ever credit he has. They can hold everything he owns to pay past its sell-by date the loan. By that I mean everytime you are call into court is will cost you for attorney fees--OOPp I had to get rid of my car dang regulation suit anyway.deferment 1) Your boyfriend.
2) No.
i've get really impossible credit and involve a credit card. anyone within uk get any virtuous thinking?
Question:Answers:
Get a "secured" credit card, assuming they have those surrounded by the UK. That's where you dispatch them money and then you can spend no more than the amount of money that you sent them as collateral for the portrayal.
After you get a register of paying the bill on time every month long satisfactory and get your credit rear legs up to a proper level, you can graduate to an unsecured (regular) credit card.
Other Answers:
Get a debit card for a thoroughly low amount until you prove yourself.
Why do you need a credit card? That will in recent times make your credit worse. If you do cease up getting one, your interest will be so high, you will never know how to pay it bad. Try starting a savings side and put a little contained by each week...if you already hold bad credit, later don't buy things you cannot afford. If you really want something, save money for it and buy it next to cash.
repay off the bleak ones u v got!
Can you overnight deposit a money command into your mound justification?
Question:I have a ridge account that I'm bringing current and I be just wondering if you could overnight deposit money advice into your account.Answers:
yes obviously. A money order is like as cash! There are no holds put on it approaching a check. SO there is no waiting periond for it. All you requirement to do is depsit it as you would cash! It will be contained by your account w duplicate speed as if you were dpositing lolly ans it is actually safer afterwards depositing cash if you are doing it contained by a night drop. This passageway you actually hold a reciept of this cash so near are no descrepencies if the bank tries to claim it be never recieved!
Other Answers:
Ask your bank but i thank ues
Yes, you can put it into the hours of darkness deposit box.
Source(s):
Experience. I'm not sure what you mean by overnight deposit. I'll assume you miserable deposit through an ATM at the bank or their support deposit drawer.
A money order is of late like a check. It will be record at the opening of business, and clear for use surrounded by the banks usual time frame.
Rev. Steve
I do it adjectives the time but banks are different. They will purloin a day or two, to clear, lately like a personal check.
They're not treated approaching cash. because they're hold been
unpromising money orders, newly like impossible checks.
You can put it in the overnight deposit not detrimental -it is a vault located outside of every wall. Put it in next to a deposit slip and in the morning 2 associates verify all transactions and it is contained by your acct. first thing contained by the morning. Yes, but the deposit won't be credited to your account until the following business day--which manner some of your outstanding checks may bounce.
My daughter-in-law took out credit cards contained by our name but refuse to confess, what do I do?
Question:I have reported to the credit card companies but it's be seven months and nothing have happened on the other hand. I told them it was her and we own reported it to the police but I still don't know why they won't press charges against her...now what?Answers:
Family or not I would be dragging her butt to court. Studly your for a time off track. They can hold a police report made, since they know for a fact that a familial member get the credit cards illegally specifically fraud, and she can be arrested and charged for it. The reason why cops don't want to clutch a report as you stated is because they dont have the definite name or obverse of who stole your identity, it is like looking for a hypodermic in a haystack. But surrounded by this case what is nearby to investagate? They know who did it. This is a open and shut crust. But if a stranger did that then you are right nearly not holding their breath..
And Studly don't forget your wife used to be a Cop so she does still remember somethings about the canon.
Other Answers:
If you have a police report, next fax it to the cc companies and ask that they remove the charges from all your chronicles.
ekkkkkkkkk!
how certain are you that she's the one?
Cancell The Cards! if they are surrounded by your name you would expect that you could cancell them. Also I would make frequent phone call to the credit card companies to make sure that they are not racking up a bill for you, I would also consent to the credit card companies know that you have cancelled the cards and you will not be paying the bills. I would also catch a lawyer or at lowest contanct one to see exactly what your liability is in this situation.
Good Luck
Sue.
If all you are trying to do is bring the police to arrest her, don't hold your breath.
Identity theft is one of the biggest crimes out near. Local police don't have the manpower to investigate adjectives of them. Many times you can't even get local police to pinch a report.
From their view, you enjoy not been diluted. Your credit is restored, you don't owe on the cards because the credit card company will eat the loss. What more do you want? Besides, they stole from the credit card company, not you. It's their responsibility to pursue it next to the police. All your in-law got from you be your identity.
The credit cards have be canceled and/or your responsibility has be removed from this, correct? All you can do for now is place a report next to each of the credit reporting agencies that your identity have been stolen and they will place a "flag" on your report. Any adjectives creditors must contact you personally past allowing credit in your signature.
Life sure sucks, doesn't it?
If you didn't sign the application for these cards, what's there to verbs about? Is this your X-dau-in-law? Seems resembling you want her locked up pretty bad.If you own had zilch to do with these ,and no signature on record , I think no problem. Good Luck!!~:)
Take her to small claims so that she will own to pay the charges
Do you hold any evidence to support your acusations?
First of all, you have need of to call these credit card companies and annul all the cards and grasp confirmation letters that they've be cancelled. Second, call adjectives the credit bureaus and have them flag your accts. so this doesn't come up in the adjectives. Third, contact an attorney to pursue that she is responsible for all money owed and liable for fraud! Don't sit wager on and let your credit shift bad. If you don't whip action - not a soul will for you. Good luck!
This is considered identity theft. She can go and get into some serious trouble for this. If you filed an incident report beside the police, you need to foward a copy to the credit card companies who, by the channel are legally required to carry out a fraud investigation. You should only be liable for a small amount (maybe $50.00) of respectively bill,in some cases nil.
Source(s):
Banking and credit was my profession up to that time becoming a stay at home mom
I would not not not suggest you do this! It would be funny to take credit cards out surrounded by her name and income off your credit cards she charged to you. Your son would mostlikely contained by up having to remuneration for them. All kidding aside you lately have to consent to the system work, as little as it does for those who are victoms to this type of theift. My stepdaughter stolen my checkbook and cashed several checks at checkcashing place. I filed fraud claim and my edge when back on the check cashing place. They file a complaint against her and she ended up surrounded by jail for 7 days. Took several months for me to seize my money back. Get the fraud form from your credit card company and dispute adjectives the charges. you will get a credit once the investigate that nil was on your signature. Then cancell the card within writing.
Have her *** put in detention centre, The police should be after her now.
I know you said its your daughter contained by law but I would hail as your local state police and report it there too. If the local police can't do the work maybe you should try the local papers, report stations, radio stations. If enough inhabitants start asking why the police have not done their post something might just attain done. I would consider this theift.
I'm not sure what you mean when you right to be heard you have reported it to the credit card companies.
Here are the steps you must pilfer:
1) File a police report if you haven't already. As some other posters have mentioned they will not probably move about after her. But you still need to wallet it to document that it has happen.
2) Close the accounts immediately. Ask the CC companies to convey you a listing of adjectives the charges and that you suspect identity theft.
3) Get copies of adjectives 3 of your credit reports at www.annualcreditreport.com. See what damage have been done.
4) Put a Fraud alert on your credit files. This will be a 90 hours of daylight "flag" that will alert lender if & when your credit is pulled.
5) Once you have reviewed your credit reports and fact list of charges then you will enjoy to start disputing them with the credit card companies. Not an glib task since society open up accounts every time and then attempt to dispute the charges to find out of paying for them.
You may have to contact a legal representative to help you.Since this is a family unit matter solitary you will be able to determine how to proceed near your Son/Daughter-in-law.
Good Luck
What to do if credit report be pulled in need my consent?
Question:What can i do legally or otherwise if a Car dealership pulled my credit report 8 times lacking my verbal or written consent and it concluded up hurting my credit score?Answers:
Why do I perceive you are leaving out some substantial details here? What's going on?
The dealer have the right to get a credit report on you if you own applied for credit with him. Did you hold a business transaction with this agent (signed or otherwise)? If so, you don't have a leg to stand on.
If no, next he is in defilement of the Fair Credit Reporting Act. See the link below for the entire workbook and see what the law say.
If you did have a business relationship beside him, I don't see anywhere in the canon that prohibits him from getting it 8 times. He has to retribution for each credit report, so if he desires to do that over and over that's his privilage. You can contact the credit reporting agency and explain the situation. They may remove some of the disclosure reports. Be prepared to give them a worthy explanation.
Now, if you were not applying for a loan, and he did do adjectives of this, you can sue him for any damages that happened as a result. Were you denied credit because of your presently lower score? Was the interest rate difficult because of it? Were you denied employment? How were you undermined.
You can't sue him just because your evaluation went down. You can report him to the credit bureaus, and they can deny his access to adjectives credit reports.
On a happy register....if you can prove that he willfully requested credit reports, and you did not have a credit application or business relationship next to him, he can be sued for $2500 for each infringement.
Your next step is to contact the credit agencies. Good luck
Other Answers:
You could defintely attack that, because everytime a credit check is made it can affect your gain. Many people trying to modernize credit are urged not to apply for credit too often.
Employers want to return with a look at your credit history, to make decision about you.
But we may soon be entering into an age where on earth all kind of privacy rights are being attacked - to the point of tracking our every movements.
Try the website www.SpyChips.com - for more bleak news...
Official answer from Experian:
"The impact of credit inquiries on credit score is minimal or none at all unless you own other issues with your credit history, such as unsettled payments, high debt, collection accounts or liquidation. An inquiry alone will never be the reason your application is decline."
Official answer from the Federal Trade Commission:
Q: Can anyone else can get a copy of my credit report?
A: The FCRA specifies who can access your credit report. Creditors, insurers, employer, and other businesses that use the information in your report to evaluate your applications for credit, insurance, employment, or renting a home are among those that own a legal right to access your report.
It may be a grey nouns here. You will need to do a bit of digging, I hold included the FCRA (FAIR CREDIT REPORTING ACT) in my third connect. It may be wise to hold a lawyer look over this if you really are worried around them pulling your credit score to see if they spatter under the FCRA.
Source(s):
http://www.experian.com/ask_max/max030806a.html
http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm
http://www.ftc.gov/os/statutes/fcra.htm A couple of things, First how would the coup¨¦ dealer obtain your personal identifying information(b-day,SSN,address,... short some kind of consent. Did you audition drive a car and bestow them your license? Some dealers verbs credit to "pre-qualify" you.
Second, how far apart are the inquiries on your credit file? If they are in a 14 day windowpane then it is considered "rate shopping" and will most plausible be treated as one inquiry.
I'm not doubting you, but it is highly unlikely that alike dealer will verbs your credit 8 times for 1 potential transaction. But what they will do is "shop" it out to lenders who will in turn verbs your credit for verification.
Check your credit reports at www.annualcreditreport.com and verify the date and companies that requested your credit. Call the dealership and talk to the Finance Manager and ask him what happen.
If they actually did inquire minus consent then you do own a legal right to request that they be removed, but the credit bureaus usually don't resembling to investigate inquiries without some solid documentation.
Good Luck I be trying to get a refinance and the broker be pulling my credit report almost every day. I believe they do this to see if competition for my business is out there and but for, how bad they can screw you