2 dealerships 24 HPs

Bluegoldkeys · ‎04-14-2014

Just wanted to share with you guys to be cautious about letting the dealership look anywhere for your loan.

My dad and i went looking for a car Sep of last year. I didnt have a pre approved offer so the dealership had their way with my report. I went from 4HP to 28 in two days. We did settle with FifthThird for a great rate. It has not been a problem seeing that FICO counts all of these as one so my score is still good. Thought i'd share so you guys will know what to expect.

whydoineedaname · ‎04-14-2014

I am excited to see how many pulls they did for me and in the end I ended up using my pre-approval...

Equifax 3/29/2013 - 649, 4/1/2014 - 651, 4/14/2014 - 662, 4/16/2014 - 655
Transunion 3/29/2014 - 648, 4/29/2014 - 650, 5/1/2014 - 653, 6/10/2014 - 662 (barclay/discover), (4/16/2014 - 658 - lender pull)
Experian 4/1/2014 - 653, 4/14/2014 - 669
What in my wallet? Secured Card $550, Barclaycard Reward $3100, Discover IT $1300, Kohl's $400, Navy Federal cashReward $2500, Navy Federal $17800 for a car 2.79% for 72 months.

RushXTC · ‎04-14-2014

@Bluegoldkeys wrote:
Just wanted to share with you guys to be cautious about letting the dealership look anywhere for your loan.
My dad and i went looking for a car Sep of last year. I didnt have a pre approved offer so the dealership had their way with my report. I went from 4HP to 28 in two days. We did settle with FifthThird for a great rate. It has not been a problem seeing that FICO counts all of these as one so my score is still good. Thought i'd share so you guys will know what to expect.

I had a similar experience, Except I already had 12 inquiries, The dealer did another 16 pulls and I've had a couple after that... Sitting at around 36 inquiries.

pizzadude · ‎04-15-2014

@Bluegoldkeys wrote:
Just wanted to share with you guys to be cautious about letting the dealership look anywhere for your loan.
My dad and i went looking for a car Sep of last year. I didnt have a pre approved offer so the dealership had their way with my report. I went from 4HP to 28 in two days. We did settle with FifthThird for a great rate. It has not been a problem seeing that FICO counts all of these as one so my score is still good. Thought i'd share so you guys will know what to expect.

Thanks for sharing that ~ glad that you haven't seen any FICO score impact.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX