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One guy emailed me to say his score was 780 (Excellent rating) from 3 credit bureaus. He negotiated the deal at the car dealer, filled out the paperwork including a credit application. Four finance people came out of the finance office with "concerned looks" on their faces. They had a piece of paper that said "credit score" on it with the number 580 circled in red. That's all that was written on it. They stated they could get him financed at 10.9% but not at the special 0% interest rate. When asked how they calculated that score and where they received it from they just mumbled and said he can only get financed at 10.9%. He pulled out his credit reports and asked them why they were different from theirs. Three out of the four scattered immediately, the last guy lied and stated that credit agencies like to give better credit scores to consumers than to business that actually lend money. Our friend just started laughing and got up and left, and bought the car elsewhere with the low 0% advertised APR. But you can see that quite often car buyers are suckered into paying a much higher APR by dealers because they did not know any better. Don't let this happen to you!
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