Recenlty I purchased a auto from Texas Direct Auto out of Texas. I received a letter from Ally Bank stating that according to Sage Stream LLC (credit reporting company) I was turned down for a auto loan due to my credit score of 647.
Firstly, I have exceptional credit in the 800's!! Right above where Ally mentions SageStream LLC, Equifax gave me a score of 843!
It appears that in order for them to collect more money from you, they use SageStream LLC to drop your score so they can charge you more interest on your purchase price..
This smells so wrong. I did get approved by Capital One bank.. hmmmm..?
Anyone else have a bad feeling??