Sofi adverse action...but I didn't apply.

[betterdays2011]

I received an email this morning from Sofi denying my application. It included an attachment explaining the adverse action.  I saw the message when I first woke up and I accidentally deleted the message, thinking I never applied for a loan.   Then later I thought, hey wait, I never applied for a loan with Sofi.  I tried to recover it but it is gone.  We are looking for a new car and I did fill out a loan application with Lightstream which was denied but that is the only application I have completed.  Do they possibly work together?  Thanks.

[Anonymous]

I believe but I am not sure lightstream is like a search engine which like certain sites who get your information and tries to match you through several lenders who they are connected with Sofi might have been one of them.

[betterdays2011]

Thanks...I did try to call Sofi but its offices aren't open.  I can't believe I deleted the email.  Sleepy message reading is not a good thing...

[Anonymous]

I recently got the same e-mail.  I did check my rate back in June.  The loan was in pre-approved status since then and the offer has only been closed recently with that e-mail I got from them about "Adverse Action".  I think they just did a bulk close of unused offers and sent out that e-mail we both got.

Hopefully it was something you might have just checked your rate for months ago and forgot about it.

[RobertEG]

It is stsndard, once you provide permissible purpose, for your auto loan app to be farmed to numerous pottential creditors.

Since you did apply and thus apparently provided permissible purpose, I would suspect it was proper.

If the inquiry is properly coded as auto, then FICO is programmed to only count multiple hard inquiries as only one if made within a specified window.....