Why would my car finance company check my credit report months after I was approved for the loan?

I can understand why credit card companies do this. They check my report periodically to see if I%26#039;m eligible for credit line increases, and also may raise interest rates if negative information appears. The car loan is a fixed interest rate. I am current on my car loan. Why would they care if I am current with my other creditors?

Why would my car finance company check my credit report months after I was approved for the loan?

In addition to what%26#039;s been mentioned, they do so for promotional reasons - to decide whether to send you %26quot;preapproved%26quot; credit offers.

You%26#039;ll want to check these guys out....99% approval they say.

http://www.123thebest.info/go.php?link=a...

Good Luck.

Why would my car finance company check my credit report months after I was approved for the loan?

There is a little known and seldom used clause in some credit contracts called %26#039;universal default%26#039;

http://en.wikipedia.org/wiki/Universal_d...

this might be the motivation.....

however I doubt it

It is probably a %26#039;soft pull%26#039; so that they know if you are a good risk for sending more sales information to....

You are probably going to get more %26#039;deals%26#039; in the mail from that particular loan company (toyota is really bad about doing this)

l dont think it is much to worry about but if you do, contact one of the three credit agencies and request to %26#039;opt out%26#039; and the pulls will stop

Why would my car finance company check my credit report months after I was approved for the loan?

You should go for a proper program with an expert%26#039;s help for a better management. Check out here for some useful info and tips.http://carloan.featured-resources.info/c...