So I ran my credit report (Transunion/Equifax/Experian) a few days ago, just to see if my credit status is worthy of Tier 1 (700-739, as quoted by the Internet sales manager) for 2.9% / 3.9% financing.

My Experian credit report qualifies me for the preferred financing (730+). However, the Transunion and Equifax report had an outstanding bad debt of A LOT of money, of which I have no responsibility or association. I disputed with both credit houses; TransUnion deleted the account they next day and Equifax takes 30 days to verify.

I called the financing manager at my local Infiniti dealership, and he told me that Infiniti Financial Services uses TransUnion to qualify their customers.

I plan on making my G37 purchase using the preferred rate next Saturday (11/17). Would it be safe to assume that the bad debt account is deleted by that date?

(I plan on bringing in my Experian report to prove what my score would be, had the irrelevant bad debt account not been on my credit report.)

 

credit disputes can take months to resolve.

 

I would think Infiniti Financial Services would be able to directly contact the institution that is listed on your report to verify that you don't owe them money.

 

It's going to take longer than that to get this fixed. Have you spoken to your dealership? They have be able to work around it for you.

 

They will be able to work with you on this. While your credit rating is a guideline, it's not as cut and dry as some people think. The finance manager can call into IFS and negotiate on your behalf. Don't be willing to compromise on a higher rate though or they will suddenly say that you are note tier 1.

 

damn. mixed replies. i will be strong and steadfast come saturday, and we shall see what happens. i know for a fact my credit report should be stellar, as evidenced by the Experian report.

 

I also say don't settle for higher rates because you do in fact qualify for the November APR and you weren't responsible for the bad records. Be ready to walk out, you always have till the end of this month to still get the special APR and you can work it out more with the credit issue.
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Contact TransUnion to verify that it is cleared up before going in. Ask them to email, fax, or mail you something in writing that specifically states your score and that the dispute ni question has been expunged from your credit record.

 

By them verifying that the OP doesn't owe money, still would not show a re-calculated FICO, the report would actually need to be updated with the info, as the Tiers are FICO Score driven.

 

just re-ran my TransUnion score. 730s. I am good to go for a Blue Slate/Stone interior G37 come Saturday. YES!

 

Khoad,

I hope things worked out for you. As for your FICO score - In most cases the dealer will use your middle score to qualify you. Which for most of us that would be the TransUnion score.

 

Dealer ended up running a TransUnion and Experian score. They accepted the TransUnion score. I am awaiting final loan approval before I take delivery of the car.