Too Many Hard Inquiries - All from Same Auto Dealership
In January I applied for used auto loans through 1 dealership. The dealership send the request to about 8 different lenders trying to get the loan for me. This is 8 in one day!! Is there anyway to reduce this to 1 since it was all for 1 dealership and on the same vehicle. I had no idea the dealership would do this.
Re: Too Many Hard Inquiries - All from Same Auto Dealership
Not likely. They are legit inquiries. This is common for dealers. Because of this, FICO reads all inquiries relating to cars or mortgages as one single inquiry if pulled within a 14-30 day period. Basically, you only got dinged one inquiry per CRA.
