GMAC credit check - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

buddy4 · 05-18-2009, 03:21 PM

Anybody using GMAC to finance? I ordered a black 2SS 5/15 and I get an inquiry alert from my credit report. Turns out the dealership and GMAC did a credit check. Is that normal for a car I wont see for 2-3 months?? Is GM dealers that wary of their customers? Because, u know they will run another check at delivery which is not good for ur score.

Vash · 05-18-2009, 04:42 PM

Go pull your own 3 in one plus FICO and look for errors.

http://www.equifax.com/home/

Jim Thompson · 05-18-2009, 04:46 PM

If you gave them a credit app, then that gave them the authorization to pull. 2 pulls in 3-4 months will not hurt you much if any, but be wary of pulling it many more times between now and delivery

bcbuckl · 05-18-2009, 04:50 PM

Quote:

Originally Posted by buddy4

Anybody using GMAC to finance? I ordered a black 2SS 5/15 and I get an inquiry alert from my credit report. Turns out the dealership and GMAC did a credit check. Is that normal for a car I wont see for 2-3 months?? Is GM dealers that wary of their customers? Because, u know they will run another check at delivery which is not good for ur score.

Normal, need to see your score to see if you will qulaify for loan! If your score was not high enough they may not even take the order.

Vash · 05-18-2009, 04:51 PM

When you pull your record there is no hit. Only when you apply and don't take it or get rejected.

SSGator · 05-18-2009, 04:54 PM

Hey Jim, you got a 2SS BLK/BLK, sunroof and polished wheels available? I am having trouble just getting my order from October just to go to production. I am really getting tired of getting no answers from my dealer in Syrmna.

shadow11 · 05-18-2009, 04:55 PM

If you didn't give them written permission they are wrong. I would ask them about it, I believe it might even be illegal and a violation of your privacy. You credit bureau will be able to tell you for sure.

Vash · 05-18-2009, 04:57 PM

Ah I read the original thread a second time. Sounds normal to me if you ordered the car and signed a GMAC application.

buddy4 · 05-18-2009, 05:17 PM

My score is 790 so I have no worries. I just didn't think they would pull it now, I thought they would do it only 1 time closer to delivery..Depending on the rate they give, I might have to go through my bank.. There's no way a person with excellent credit should be paying 6-7% for financing.

Jim Thompson · 05-18-2009, 05:54 PM

Quote:

Originally Posted by SSGator

Hey Jim, you got a 2SS BLK/BLK, sunroof and polished wheels available? I am having trouble just getting my order from October just to go to production. I am really getting tired of getting no answers from my dealer in Syrmna.

wish I could help with a faster delivery, at this point all I can do is order the car and pray for production and delivery in a timely manner:(

we ordered our 40th today, which may be tops in the nation and if not, its close for sure

Jim Thompson · 05-18-2009, 06:01 PM

Quote:

Originally Posted by buddy4

There's no way a person with excellent credit should be paying 6-7% for financing.

you would be very surprised what folks are paying with GREAT credit these days. without manufactures advertised low rates the normal banks are up there.

http://www.bankrate.com/funnel/auto/...false&prods=40

some credit unions are advertising 5-6% to their members now so that helps

05-18-2009, 03:21 PM	#1
buddy4 Drives: 04 Acura TSX Join Date: May 2009 Location: Queens NY Posts: 19	GMAC credit check Anybody using GMAC to finance? I ordered a black 2SS 5/15 and I get an inquiry alert from my credit report. Turns out the dealership and GMAC did a credit check. Is that normal for a car I wont see for 2-3 months?? Is GM dealers that wary of their customers? Because, u know they will run another check at delivery which is not good for ur score. __________________ Black-2SS-RS-Auto-Sunroof-Pol Alum Wheels Last edited by buddy4; 05-18-2009 at 03:33 PM. Reason: add on

05-18-2009, 04:55 PM	#7
shadow11 Horsepower Addict Drives: 2010 SS, Red Jewel Tint Join Date: Mar 2009 Location: Frankfort KY Posts: 27	If you didn't give them written permission they are wrong. I would ask them about it, I believe it might even be illegal and a violation of your privacy. You credit bureau will be able to tell you for sure. __________________ Horse power addict! 2SS/RS Red Jewel Tint/6 speed auto 1100 17 March 2009 1102 17 March 2009 2000 13 April 2009 2500 14 April 2009 3000 14 April 2009 3300 8 May 2009 3400 Order broadcast 15 May 2009 3800 28 May 2009 VIN #12776 5000, Delivered to the dealer 15 June 2009 6000, Delivered to the customer 16 June 2009

05-18-2009, 05:17 PM	#9
buddy4 Drives: 04 Acura TSX Join Date: May 2009 Location: Queens NY Posts: 19	My score is 790 so I have no worries. I just didn't think they would pull it now, I thought they would do it only 1 time closer to delivery..Depending on the rate they give, I might have to go through my bank.. There's no way a person with excellent credit should be paying 6-7% for financing. __________________ Black-2SS-RS-Auto-Sunroof-Pol Alum Wheels

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05-18-2009, 04:42 PM	#2
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,100	Go pull your own 3 in one plus FICO and look for errors. http://www.equifax.com/home/

05-18-2009, 04:46 PM	#3
Jim Thompson Thornton Chevrolet Drives: Golf Cart Join Date: May 2009 Location: 10 mins west of Atlanta, GA Posts: 339	If you gave them a credit app, then that gave them the authorization to pull. 2 pulls in 3-4 months will not hurt you much if any, but be wary of pulling it many more times between now and delivery

05-18-2009, 04:51 PM	#5
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,100	When you pull your record there is no hit. Only when you apply and don't take it or get rejected.

05-18-2009, 04:54 PM	#6
SSGator One slick 2010 Black 2SS Drives: 2010 Camaro 2SS 6M Join Date: May 2009 Location: Marietta, GA Posts: 114	Hey Jim, you got a 2SS BLK/BLK, sunroof and polished wheels available? I am having trouble just getting my order from October just to go to production. I am really getting tired of getting no answers from my dealer in Syrmna.

05-18-2009, 04:57 PM	#8
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,100	Ah I read the original thread a second time. Sounds normal to me if you ordered the car and signed a GMAC application.