How to get a C.L.U.E. report?

Are loan "counselors" paid a fee or appraised/assessed for performance based on how many applications they get?

• I ask this because they more than once over the years strongly encouraged me to apply for loans I didn't think I qualified for. In the the past when (out of ignorance, not knowing turn-downs affect credit ratings) I shrugged my shoulders and thought, "Well, why not see if I qualify for more than I thought?" and agreed to "get pre-approved", having no intention of actually borrowing the maximum amount, I was (not all that surprisingly) turned down. Now when they offer, I decline to apply. But recently a bank officer did more than I gave her permission for, it seems, and I wonder what the gain was for her in doing so. In the end, it hurt everyone. Now this is not because I had not a clue what I wanted to borrow or could pay, nor was I wasting the loan agent's time just going through the motions. I went in to a credit union, thinking to deposit a 20% down payment and associated costs for a very basic new or late-model used car I knew I could afford, thinking to let it sit and grow a little while I took my time finding just the right car. I expected a high APR and/or limited loan amount, and expected to have to pay 10-20% down, and to have to be a credit union member for a while. I explained all of this to the loan counselor at the bank, admitting also that I am in recovery from devastating medical bills and gradually rebuilding after almost losing everything. My credit is only just as of last year back in the mid 600s. Well, she checked my credit report, told me how much I was qualified for, and named a decent APR, and suggested I roll all the costs into the loan. I had no plans to do that, but went away happy, a little proud thinking that I was more credit-worthy than I thought, a bit sooner than I'd hoped, and feeling much safer in my ANCIENT wreck, in case it didn't last as long as I pray it will I did not complete an application, and went away understanding that I had just "tested the waters" (which took her 3 minutes, simply asking for income, and pulling a credit report ), opened a savings account--and that's all. She even suggested I should not apply til I found the right car, since a pre-approval expires if unused after 30 days, anyway, and I knew it would take a while. So 10 days later, I get a rejection notice turning me down for THAT FULL MAXIMUM amount, citing "insufficient credit experience" and past delinquencies (at least 3 years ago now) for a loan I never intended to actually apply for--and had not, per my understanding! Needless to say, I will be going to empty that account tomorrow and join another CU. And my credit is further dinged, and so I will not be shopping soon, let alone at the car-rental company's sales division affiliated with her CU. All of us lose out. Me, obviously. But I DO pay my bills, and am careful, and healthier now, and so they lost out on a good loan. I would have thought a turn-down would be less of a brownie point for her than a smaller good loan, and of course I won't be shopping that affiliated sales lot. So, what was the gain in it for her? She seemed very sweet, and not at all sneaky or greedy....? Yet she knew exactly where I had come from and how long I'd struggled, working 60-hour weeks, just to get this far back, with lots more to go. But even if business is just business, it's not good public relations. P.S. For you 20-something smart-*** baby loan sharks, who are, thankfully, in the minority even in the loan business and even among others so young: I've seen your viciously sarcastic, demeaning comments about others who've encountered extreme and unexpected hardships, and you can spare me the sociopathic "it'll-never-happen-to-me" self-congratulations. It WILL happen to some of you; you can bank on it. Remember us when it does! LOL.

• Answer:

  and she may have needed to meet a daily quota set forth for putting money on the streets like they do at loan companies..finance companies. It showed that she was trying to get you to borrow money and it didint work out/you didnt proceed, but she may hae met here daily quota with your inquiry, and sounds like she took it further than you had wanted and yah, it dinged you again. you might go back and ask her what gives and why you got a letter declining you when you hadnt applied and see what all she did that brought about the letter...bet it was quota