▲ 1727 ▼ The numbers will determine your fate (lemmy.world) submitted 2 years ago by The_Picard_Maneuver@lemmy.world to c/microblogmemes@lemmy.world 287 comments fedilink hide all child comments
[–] Blackmist@feddit.uk 20 points 2 years ago (1 child) Credit score exists only to sell you more credit score. Credit history is what lenders are interested in. permalink fedilink source hideshow 2 child comments replies: [–] hydrospanner@lemmy.world 1 point 2 years ago (2 children) I don't know much about it, but they definitely checked my credit score when I bought my last car. permalink fedilink source parent hideshow 4 child comments replies: [–] EatATaco@lemm.ee 1 point 2 years ago They probably pulled your credit which also allows them to see a history. permalink fedilink source parent [–] partial_accumen@lemmy.world 0 points 2 years ago I don’t know much about it, but they definitely checked my credit score when I bought my last car. Even if you're paying in cash for a car, an automotive dealership will want to run your credit. They make quite a bit of money from lending money to others. Really the banks give car dealers kickbacks for the loans they deliver to the bank for sold cars. In essence, if you buy a car in cash, you're denying the car dealer a chance to make a lot of money off the sale. They don't like that. They will do their best to try to sell you on a loan for your car even if you don't want it. That's why they ran your credit. permalink fedilink source parent
[–] hydrospanner@lemmy.world 1 point 2 years ago (2 children) I don't know much about it, but they definitely checked my credit score when I bought my last car. permalink fedilink source parent hideshow 4 child comments replies: [–] EatATaco@lemm.ee 1 point 2 years ago They probably pulled your credit which also allows them to see a history. permalink fedilink source parent [–] partial_accumen@lemmy.world 0 points 2 years ago I don’t know much about it, but they definitely checked my credit score when I bought my last car. Even if you're paying in cash for a car, an automotive dealership will want to run your credit. They make quite a bit of money from lending money to others. Really the banks give car dealers kickbacks for the loans they deliver to the bank for sold cars. In essence, if you buy a car in cash, you're denying the car dealer a chance to make a lot of money off the sale. They don't like that. They will do their best to try to sell you on a loan for your car even if you don't want it. That's why they ran your credit. permalink fedilink source parent
[–] EatATaco@lemm.ee 1 point 2 years ago They probably pulled your credit which also allows them to see a history. permalink fedilink source parent
[–] partial_accumen@lemmy.world 0 points 2 years ago I don’t know much about it, but they definitely checked my credit score when I bought my last car. Even if you're paying in cash for a car, an automotive dealership will want to run your credit. They make quite a bit of money from lending money to others. Really the banks give car dealers kickbacks for the loans they deliver to the bank for sold cars. In essence, if you buy a car in cash, you're denying the car dealer a chance to make a lot of money off the sale. They don't like that. They will do their best to try to sell you on a loan for your car even if you don't want it. That's why they ran your credit. permalink fedilink source parent