Hard Inquiries that were not authorized...please help

[DaveInAZ]

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@Anonymous wrote:
Not confused because I'm a woman, confused because the OP abbreviation and referring to "him"....

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"OP" - Original Poster, the person who started the thread/discussion. And sorry, I usally try to make my replies gender neutral ("they"), as most user IDs don't identify the gender of the person, like yours.

[Anonymous]

Haha!!! Thanks for heads up...I have "freshman" written all over me, don't I? Thanks again!

[yoyo]

Oh yes, this happened to me last month.  Got approved for Capital One Auto financing.  Informed the dealership that I did not want my credit pulled because I was already approved for financing.

They pulled my credit report 8 times. .I called Trans Union, they told me that I have to write letters to all the finance companies and once I get the replies in writing, I had to sent them the letters with a request to delete the injury off my report. 

Seems like a lot of work so I will email management at the Kia dealership I went to.  This brought my score down dramatically,

[Anonymous]

It's actually crazy that they can and will do that.  I don't care how much time I have to spend...I am getting these inquiries removed!!!  Best of luck to you as well!!

[redbeard]

It really shouldn't have a huge impact on your score, it only counts as 1 pull for scoring purposes.

The area this makes a difference in is when applying for other credit to inquiry sensitive companies, though I imagine many of them also filter auto related pulls into 1 inquiry if they are over a few months old.

To the OP, it sounds like the dealership is working with you to get this resolved.  Mistakes happen, if they fix it then great.  Not sure why everyone goes immediately to filing lawsuits.  I would see if I can get them to give me some free service for the car though.......

Dan

[DaveInAZ]

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@yoyo wrote:

Oh yes, this happened to me last month.  Got approved for Capital One Auto financing.  Informed the dealership that I did not want my credit pulled because I was already approved for financing.

They pulled my credit report 8 times. .I called Trans Union, they told me that I have to write letters to all the finance companies and once I get the replies in writing, I had to sent them the letters with a request to delete the injury off my report. 

Seems like a lot of work so I will email management at the Kia dealership I went to.  This brought my score down dramatically,

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Well again, you do not need to "apply" for anything to purchase a car, that's just SOP for them to shove a credit app in front of you as they usually get a "finder's fee" for financing you through a particular creditor. I bought a car from Hertz Car Sales in Feb, had pre-approval for financing through my local CU, and the only info Hertz got from me was my name & address for title & registration, and a copy of my driver's license for ID. If you have your own financing do NOT provide the dealer with your Soc Sec # & DOB, and do NOT sign anything other than a bill of sale.

[yoyo]

Hello, I've read on this site that while: "shopping" for a home loan /auto loan etc....credit bureaus uses all credit inquires as "1" Pull. ....as long as you shop within a 30 day period.  I guess this in not for Transunion because my score went down  around 10 points !!

[Gunnar419]

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@yoyo wrote:

Hello, I've read on this site that while: "shopping" for a home loan /auto loan etc....credit bureaus uses all credit inquires as "1" Pull. ....as long as you shop within a 30 day period.  I guess this in not for Transunion because my score went down  around 10 points !!

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What you've read is true IN THEORY, but often not in practice.

The way it's supposed to work is that all inquiries show on your CR, but if they're properly coded as auto or mortgage, they'll count only as one HP for scoring purposes. (They can still cause lenders to decline you because of "too many" inquiries.) Often they're not coded properly and people lose more points than they think they should. Losing just 10 points doesn't tell much one way or another.

To the OP and others who've been screwed over by auto dealers, good luck. And be sure to read every word of the fine print ALWAYS, even though they use lots of tricks to try to keep you from knowing what they're really doing.

[yoyo]

Thank you so much for your response.  The Auto loan is not on my credit report yet, how long will it take to show up?
Will my score drop drastically, or should I just see a few points deleted?

[Anonymous]

Thanks all!

Yes, in theory it should be viewed as "shopping the best rates".  It doesn't work that though, as you pointed out, because the computers do a front end profie type screening of your report and those are all red flags until you are lucky enough to get a recon person to speak with.  It's just a big hassle and one I am not going to let them get away with.  It was wrong and I intend to continue pushing the issue.

I hope this guys is going to work with me as he said, but we shall see.  I am not sue happy, but I don't mind making a threat if he doesn't follow through.