- Report: #1098232
Complaint Review: Vidalia Ford Motors - Vidalia Georgia
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Vidalia Ford Motors
2607 First St. East Vidalia, 30474 Georgia, USA
Phone:
321-863-3319
Web:
www.vidaliaford.com
Categories:
Business Rating:
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Vidalia Ford Dealership Damaged Consumer Credit Vidalia Georgia
On March 21, 2013, I purchased a 2009 GMC truck from Vidalia Motors in Vidalia Ga. My credit report was hit with 13 unauthorized hard entries causing my credit to drop from 699 to 650 on a simple auto purchase. After the deal was done, and benounced to me I began receiving credit denial letters from various banks, and lending companies. Upon futher investigation, the date of the inquiries were March 21, 2013, the very same day I made the purchase. I secured a credit report and was shocked to learn that 13 hard entires was added to my report on the day in question, that being March 21, 2013. It appears the dealership were asking every bank and lending company under the sun to finance my vehicle. My credit score was 699 and I paid all my bills on time, no problems there, so you think?...
At that point, I contact Mr. Dave Anderson, financing officer at Vidalia Ford Motors and made him aware of the situation. I made inquiry as to why my credit report was reflecting 13 hard entries. He did not have an answer other than "that can't be right, that many entries." He then informed me he would look into it right away. After several phone calls, to him, there was nothing he could do. At the point, I contacted Mr Anthony Millier, Owner Vidalia Ford Motors. Mr. Miller assured me that he would take care of the problem and get back to.
Todate, Novemeber 9, 2013, no progress have been made, and my credit has suffered to the extent that I can not secure a home loan due to the unauthorized hard entries. Mr. Miller informed me that the creditor contact list were automatically deleted from their system. After filing a dispute with the credit bureau (Trans-Union), I was told to contact each and everyone of the banks and lending companies and have them write a letter requesting the removal of those unauthorized entries. Unfortunately, those banks and lending companies have been deleted by the dealership, why?...
The problem stims from the dealership not having knowledge of how to fix a major problem they caused that grossly affects one's credit worthiness. My credit went from a high good(699) to a low fair(650) and I can't want two years for my credit to rebound for a home loan.
I've purchased countless vehicles in my adult life and have never experienced a credit problem like this whic can not be fixed. Consumers, beware your credit report or score is how the system view your worthiness, good or bad. Again, need some help.
6 Updates & Rebuttals
watchdog
Smethport,Pennsylvania,
Mortgage
#2Author of original report
Fri, November 15, 2013
Hi jim,
"wholesale mortgage lenders" never crossed my mind. I'm on it though, and thanks again for you outstanding help.
Watchdog
Jim
Florida,Good Work
#3Consumer Comment
Thu, November 14, 2013
Although I cannot recomend a mortage company here, let me advise you to shop around for the money. You may also wish to enter into a search engine "wholesale mortgage lender". What they do is shop for a mortgage for you and by doing just one credit inquiry!
watchdog
Smethport,Pennsylvania,
Vidalia Ford motors
#4Author of original report
Sun, November 10, 2013
Jim,
I am compiling those documents as we chat. Again, your are correct, Trans-Union is the only credit bureau that is reporting. The other two are not reporting the hard hits#%$% Trans-Union will be getting copy of our correspondence pursuant the matter. Who knows, this just might clean up the mess, we'll see. Moving forward. Thanks again for your help.
watchdog
Jim
Florida,I Forgot To Mention
#5Consumer Comment
Sun, November 10, 2013
You do have the right to add comments to the records contained in all three major credit bureaus. I would do that to the extent the dealership ran all those credit checks without your authorization. If you have any written correspondence from the dealership, add that too.
watchdog
Smethport,Pennsylvania,
Thanks Jim
#6Author of original report
Sun, November 10, 2013
Thanks Jim for your comments, I appricaite it. If my credit score is a 700 or better, I pay less in interest over the life of the mortgage note. Notwithstanding the fact that I could make a large down payment, but that does not solve the problem with how the lending industry uses credit scores to get you the best rate on the money you are borrowing. This dealership has barred me for a period of two years to qualifiy for the best rate. They do not know how to fix a problem thy caused. For any consumer who makes a vehicle purchase, and later learn their credit takes a dive -40 points because of something the dealership did, brother, something is very "WRONG." You are correct, I can qualify for a mortgage, but a 2.9 or 3.0, even a 4 percent is better that 5.5 over 360 months. Hey, thanks again for your comments.
watchdog
Jim
Florida,Wrong!
#7Consumer Comment
Sun, November 10, 2013
Without regard to the hard inquiries, you just took on a new credit obligation...a car loan. Within months you apply for a mortage. As a result of that car loan, you changed your debt-to-income ratio. Therein lies the majority of the reason you were denied a mortgage because even with a 650 score you claim to have, there are wholesale lenders who would have no problem writing a mortgage for you. However, that recently changed D/I ratio is a problem. No, I don't work for the dealership.
