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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.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.”
View full answer
- Gregory R.
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