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BMW FInancial and CREDCO...4 Hard Inquiry for 1 car, same dealer, credit ran 1x

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Stage24u
Established Member

BMW FInancial and CREDCO...4 Hard Inquiry for 1 car, same dealer, credit ran 1x

I leased a new BMW 3 mo ago and was approved for top tier financing, no issue. 

 

 

Upon checking my credit reports, I foound the following:

 

3 Hard Inquiry from CREDCO TU/EX/EQ

1 Hard Inquiry from BMW Fincancial

 

I went to one dealer, not many, and had my credit ran 1x, so why would I have 4 inquiries, 2 on EX, instead of 3?

 

Can I have one removed? Either 1 BMWF or 1 CREDCO?

 

If so, how would I go about it?

 

Any thoughts?

Message 1 of 4
3 REPLIES 3
llecs
Moderator Emeritus

Re: BMW FInancial and CREDCO...4 Hard Inquiry for 1 car, same dealer, credit ran 1x

Are you sure Credco was for the car? I haven't seen it used in the auto industry, but they are certainly around in the mortgage industry.

 

If I had that, I would let it go. I'd let it go because FICO is ignoring the extra inquiry. If you wanted to pursue it, then I'd call BMW and start there.

Message 2 of 4
Stage24u
Established Member

Re: BMW FInancial and CREDCO...4 Hard Inquiry for 1 car, same dealer, credit ran 1x

Yes, the Credco and BMW inquiry are on the same day.

 

All 4 inq were from BMW (3 Credco, 1 BMWF).

Message 3 of 4
CribDuchess
Established Contributor

Re: BMW FInancial and CREDCO...4 Hard Inquiry for 1 car, same dealer, credit ran 1x

It is definitely an auto-related HP.  My DH bought a new car last summer and was hit with 2 HP - one from Chase (who financed the loan) and one from CREDCO.

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