Can a car dealership keep running your credit report if they couldn't find financing while you were on the premises?

Is it true that lenders can keep running your credit after you leave? I've heard that car dealerships will continue giving out your information until they find a car loan that gets approved.

Answer provided by
Eric Schad
Answered on Jul 03, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“You typically sign a document that says that dealers can give your information to any number of lenders.
However, if this process is done within a 14-day period, you’ll only get one hard inquiry on your credit report.
Usually, they can find financing on the spot, but if you have bad credit, this process can take quite a bit longer. You can get an idea of your credit using a monitoring tool like Credit Karma
If you don’t get approved on the spot, don’t get discouraged. The process for buying a new car might take a few days.”

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