Finance Questions

Posts Tagged ‘chaseautomotivefinance’

Question: How do I remove this from my credit report?

All of this is from applying for a vehicle & trying to build my credit, I didnt apply for all of these at different times. Some were through those companies that say they can get you approved and this is what has happened to my credit.TOTCRDTSRV 06/27/07 Miscellaneous And Public Record
CITIFINANC 06/25/07 Finance
THD/CBSD 06/25/07 Finance
HFC 06/02/07 Finance
CITIFINANC 06/01/07 Finance
CITIFINANC 05/14/07 Finance
CSC MTGE 05/01/07 Miscellaneous And Public Record
USBK 04/23/07 Banking
COMBK CNSM 04/20/07 Banking
GREATSTHBK 04/20/07 Finance
WELLSFARGO 04/20/07 Finance
AMERICRDT 04/19/07 Finance
CAP ONE AF 04/19/07 Finance
CHASE 04/19/07 Banking
HSBC AUTO 04/19/07 Finance
PRMRAUTO 04/19/07 Automotive
TRIADFINCO 04/19/07 Finance
WACHDLRSRV 04/19/07 Finance
BLU SPGS F 04/18/07 Automotive
HSBC AUTO 04/18/07 Finance
JFMOTORS 04/18/07 Automotive
This is just half the list
LESSON LEARNED!!!
Loads of inquires

Answer: Wow, you are tanking your score with that many inquiries man!!! They don't drop off until 2 years.

Anytime you car shop, a dealer can submit your file to as many banks as he/she thinks will finance you. So inquiries can quickly add up.

Really, you can't do anything but suck it up. Companies are not obliged to remove inquiries if they had permissible purpose to view your credit.

I guess you could start with a couple goodwill letters to those creditors, but I'm pretty sure that will get you no where.

Inquiries hurt more when you have lower than average credit, more or less (YMMV) 4-5 points per inquiry, so watch out!

Marc Sheinbaum of Chase Auto Finance "Auto Finance Today"

Question: Will I be able to take my name off a car my husband and I bought together when we were married?

I'm currently financing my auto loan through Chase Automotive. I've been divorced since March of this year. I have repeatedly asked my husband to take his name off this car as he is the co-signer. I have also called Chase and they told me he has to send them a letter and he refuses to do so. I am in the process of rebuilding my credit which he destroyed during our marriage and have a 19% APR on it and owe 3 more years on it. He wants the credit even though he has gone on with his life with a new wife that is paying off all his debts. I'm trying to get into a different vehicle now in just my name and I've worked hard enough to be able to build up my credit score to be approved for this. I'm primary on the car, he's co-signer. Does anyone know if I'll be able to just take my name off the car and make it his problem since he doesn't want to cooperate and I now have a chance to start a new line of credit without having this car as my problem?

Answer: Was this vehicle in the divorce papers? If so, then who is responsible for it? If u are, then u can't take ur name off the loan and stick him w/ the car. These issues should have all been taken care of during ur divorce as to who pays for what and if he is responsible for taking his name off ur loan!!

Bill Jensen