Anyway to fight a Credit inquiry ?

[Zorro]

Went to auto dealer to buy new car they sent info off to 3 different banks for loan approval. So now my credit report shows 2 extra inquires within the last year pulling my score down to a 753

Anyway to dispute this?

 

[RossMAN]

If you signed an application, you're probably screwed.

If you didn't, you have a chance.

File the dispute IN WRITING and send it via USPS certified or with delivery conf.

 

[ElFenix]

Originally posted by: Zorro
Went to auto dealer to buy new car they sent info off to 3 different banks for loan approval. So now my credit report shows 2 extra inquires within the last year pulling my score down to a 753

Anyway to dispute this?

if you didn't tell them to run your credit then you should file a complaint with your state attorney general, running your credit without your permission is illegal

 

[Zorro]

Originally posted by: RossMAN
If you signed an application, you're probably screwed.

If you didn't, you have a chance.

File the dispute IN WRITING and send it via USPS certified or with delivery conf.

I did sign a credit app. but i did not think they would submit it 3x :|

 

[RossMAN]

I would still attempt to dispute it but you may not succeed.

 

[FoBoT]

Credit Inquiries

...most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.

 

[Torghn]

Originally posted by: FoBoT
Credit Inquiries

...most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.

This is correct, if all 3 were within 14 days it be treated as 1 inquiery.

 

[StageLeft]

If you were hoping they'd send ONE inquiry to Equifax but instead they sent ONE to equifax, ONE to trans union, and ONE to experian, you're SOL. That's within their rights when checking your credit. Afterall that's kind of the point of having three agencies - in case one doesn't have totally up to date info there are two others to fall back on. I know that my credit card company checks only equifax. Discover, on the other hand, does trans union. My mortgage lender did all three. It's just how the chips fall whether a lender sends an inquiry to all or not.

But remember since a credit score is attached to one bureau if you have a score of 700 with all three and each inquiry brings it down by 5, that is PER bureau. So, 695 for all three - not 685 for all three. If the inquiry was made to only one you'd have 695/700/700.