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credit for a car
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ok so what exactly do the car dealerships look at/look for?
i think the whole credit rating system is a bit confusing & 'unknown' like its a secret what lenders look for so i hope someone can give me some advice thanks
The dealership isn't providing the loan, they are acting as agents for someone who lends the money. Different lenders will have different criteria - some might take more notice of a higher income (which doesn't go towards your Experian score at all) others might look for no missed payments, others might want to see more evidence of regular full payments against a credit card.
To some extent their lending criteria are a secret - it is part of their competitive and marketing strategies. Also if they published their criteria they would get borrowers making up the 'truth' just to fit the criteria.loose does not rhyme with choose but lose does and is the word you meant to write.0
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