Mistake on Loan Application
Date: Sun, 06/25/2006 - 07:45
Well last week we applied for an auto loan and had made an error on the application. Because of that error we were denied not only byt he lender but the lenders they forwarded the application to as well. The mistake was involving income ans as opposed to putting down monthly we accidently put down bi-weekly. So I will have to wait until Monday to contact the lender to see what I can do with them to correct it. But is there anyway I can have the other lenders removed off the inquiry part of our credit report, due to wrongful denial? I know we will get approved once we re-submit to the original lender, but the other's ones dropped our score about 10 points.
I will suggest you one more way of handling this matter if nothi
I will suggest you one more way of handling this matter if nothing works. First contact the credit bureaus and explain the reason behind the denial. Chances are that they may not remove the inquiries since you are responsible for it in the first place. The lenders made their inquiry and found what you have placed in the file.
If the information put in your file is not edited, use the 100 word statement to present the actual situation. Per the FCRA laws, you can write anything in the credit file that explains the real reason. Go ahead and dispute with the CRA first. Maybe, the need to write a 100 word statement does not arise.
one time i made a mistake too
on a credit application i accidently put down there that I made $5,000/month. i honestly dont know how that happend because i didnt even have a job at the time. those rat b*sterds didnt even listen to me when i tried to explain, and they didnt lend me no money either
Newjerseykid, attach a 100 word statement in your credit report
Newjerseykid, attach a 100 word statement in your credit report so that the lenders understand your part of the story. If your story is explained nicely, the future lenders will not hesitate in lending you new credit. You need to give a try.