I apologize now for the length of this post.
We applied for a mortgage loan w/ a certain lender originally on 1/30/08 (mind you this is a construction loan). There's an inquiry on my credit report w/ that date. For whatever reason the lender repulled on 2/6. Well, then the lender informs us that it would really be best if I applied alone. They were the ones who said it was okay to apply together and admitted that it was their mistake to have said that. I was assured there would be no additional pulls of my credit and the application fee would be applied. So, I reapplied. That resulted in to more credit inquiries dated 2/19 and 2/21. I was furious, but decided not to make a big deal out of it (b/c the inquiries would probably combine).
So, fast forward to a couple of weeks ago. My score tanked b/c of the SM student loan reporting error. I call the lender to tell them --we're getting close to closing and I just wanted to make sure at closing my credit wouldn't be repulled. The lender's agent looked at my file and said that the credit report is dated 2/21 and that credit score is good for 6 months. So, it was good until August. They would not pull.
Guess who got an SW alert today stating there's a new inquiry on my EQ report? Not only that, I go to view my 3-in-1 credit report and they pulled on 5/20 and 5/22!!!!! WTF!?
I looked at my application and it states that the "owner of the loan" can verify and reverify credit. However, I haven't signed any loan agreement. There is no owner of a loan. There's no loan. Only a loan application. Although, I applied for credit I never envisioned that it would result in (so far) 6 inquiries! The intiial application was done in reliance on information from them. Any advice?
Message Edited by Ausfarm on
05-23-2008 12:31 PM
