Reply
Established Member
Posts: 38
Registered: ‎06-28-2013
0

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?

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

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.

Established Member
Posts: 38
Registered: ‎06-28-2013
0

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).

Established Contributor
Posts: 677
Registered: ‎09-12-2011
0

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.

FICOs: TU08 841 2/9/15 per Barclay; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 809 3/4/15; EX08 812 3/8/15 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $19.3K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Double Cash $10K; Citi Simplicity Visa $17.3K; Discover IT $24K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $20K; Sallie Mae WMC $17.5K; US Bank Cash+ Visa Sig $24.5K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.