Can auto lenders hold medical collections against you on a motor loan? I thought medical couldn't hurt loans on autos. Is there a decree

I thought medical couldn't hurt loans on autos. Is there a decree that states you cannot be denied a auto loan because of medical? The loan is from the Honda dealer's private lender.

spifiman is correct. Medical collections affect your credit rating the same as any other derrogatory information.

There are ways to get these collection accounts removed from your credit report. Too oodles ways to list them here. I suggest you swot them though, so you don't have to payment the "stupid tax" (high interest rates for people who aren't valid smart with their money and/or credit.)

No - your credit is your credit, overall, and if you enjoy negative info on your credit report, potential lenders can and will hold that info into account when decide whether to lend you money.

Answers:
Auto finance is what I do for a living and medical collections are no different after any other type of collections as far as lenders are concerned.

What ever it is, it's a bill that you did not pay and be turned over to a collection company and is now constituent of the public record passage of your credit report.

While some lenders do not put as much emphasis on medical as others, nearby is no guideline and certainly no canon that says that you can not be denied because of medical collections.

No-you inevitability to take steps to verbs up your credit. Many people will update you that you can do this yourself. You can with for a moment help. The push button is to have the expressions of your letters correct. The wrong verbage will carry you thrown into a turndown stack and possibly blacklisted. Additional tips will help you as ably. I have have success next to a do it yourself credit repair kit that costs smaller quantity than $20��.a much better solution to those firms charging per month or $699 for a program. Good luck.