Inquiries. Dirty Dirty Inquiries.

Jesster · ‎03-17-2011

I have them. Lots. Mostly from the failed quest for a car loan. At the moment, Fico recognized 5, but the tally is, let's see, there's 1, 2, 3, uh, 15. or 16. They all just blur together after the 8th. I got denied a Forward since I'm the inquiry king. So, since Auction Direct pulled a mass majority of the apps while searching for good loan terms, and I wasn't actually there pulling the trigger, would it be morally incorrect to write the companies to remove the inquiries on the grounds that I didn't personally authorize them? I mean, I didn't say "please mister salesman, search for better terms by contacting 700 of your acquaintances." But, I didn't exactly say not to either...

Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. ~Douglas Adams

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Anonymous · ‎03-17-2011

You can always ask but they didn't do anything out of the ordinary, or wrong.

When you apply for an auto loan that is how it works. Any inquiries within a certain time frame are only scored as 1 by FICO.

I don't know who Forward is and I am not real sure if they just see how many inquiries are on your report or if it shows who did the inquiries. If it showed who, they should be able to tell they were all from an auto loan search.

laz98 · ‎03-17-2011

@Anonymous wrote:

I don't know who Forward is

Citi Forward.

Anonymous · ‎03-17-2011

Guessing that is a CC?

laz98 · ‎03-17-2011

yep, pretty common one.

Anonymous · ‎03-17-2011

@Anonymous wrote:
You can always ask but they didn't do anything out of the ordinary, or wrong.

When you apply for an auto loan that is how it works. Any inquiries within a certain time frame are only scored as 1 by FICO.

I don't know who Forward is and I am not real sure if they just see how many inquiries are on your report or if it shows who did the inquiries. If it showed who, they should be able to tell they were all from an auto loan search.

There is an FTC Advisory that might be relevant. I've seen it before and RobertEG posted it once recently, too.

I will attempt to locate it and post back. Hopefully it will reinforce my initial reaction that the car dealer is in the wrong.

EDIT: Found it! http://www.ftc.gov/os/statutes/fcra/coffey.shtm

Anonymous · ‎03-17-2011

dont go to a car dealer to get a loan. i want to my cu got a loan then i want to a car to pick my car. only one inq.

Anonymous · ‎03-18-2011

@Anonymous wrote:
dont go to a car dealer to get a loan. i want to my cu got a loan then i want to a car to pick my car. only one inq.

+1.

IMO & IME - this is the way to go. And always get pricing separate from finding your financing.

Not only do you only have one inquiry - you also avoid having hidden finance costs built into the price of the vehicle.

Anonymous · ‎03-18-2011

@Anonymous wrote:
dont go to a car dealer to get a loan. i want to my cu got a loan then i want to a car to pick my car. only one inq.

Not everyone has the luxury of being a member of a CU.

Anonymous · ‎03-18-2011

@Anonymous wrote:
@Anonymous wrote:
You can always ask but they didn't do anything out of the ordinary, or wrong.

When you apply for an auto loan that is how it works. Any inquiries within a certain time frame are only scored as 1 by FICO.

I don't know who Forward is and I am not real sure if they just see how many inquiries are on your report or if it shows who did the inquiries. If it showed who, they should be able to tell they were all from an auto loan search.
There is an FTC Advisory that might be relevant. I've seen it before and RobertEG posted it once recently, too.

I will attempt to locate it and post back. Hopefully it will reinforce my initial reaction that the car dealer is in the wrong.

EDIT: Found it! http://www.ftc.gov/os/statutes/fcra/coffey.shtm

You would know better than me from a legal stand point.

However, the FTC opinion letter is dealing with going to a dealership and just asking questions about a vehicle, not actually filling out an application.

If the OP did fill out an application I don't think this would work. The permission was given when the application was filled out.