Can dealers deny my loan even if they claim to accept any credit?
Is it common for dealers who accept all credit to deny loans? I went to a dealer that accepts "all credit." However, I got denied, and I'm not sure why.
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Answered on Jul 04, 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.
“Even if the dealer says they accept all credit, that doesn’t mean you’ll automatically get accepted.
Other factors weigh in, like if you:
have too much debt don’t make enough money
There are numerous reasons why you might get denied. Keep in mind that it says all credit accepted, not all credit approved.”
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