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Meechity

Member since: September 2009

Total Contributions: 2

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(2 Total Contributions)

If I apply for a car loan with two different lenders, will that lower my credit score?

Dear Moderator, I'm confused, please advise. You said about auto loan inquiries: "the inquiries have to happen within a specific time frame usually 30-90 days. Secondly, the inquiries will all appear on your report. However, they will only be counted as one if they are within the right time frame."   I aggressively shopped around for car loans well within 30 days' time before I bought my new car. However, ALL of these inquiries showed up separately (8 instead of 1) on my credit report, and as a result I have a VERY BAD inquiry score!!!! Why??? It doesn't seem fair, and what can I do to get this fixed?? Thanks for any help.... ~Meech

Response posted 10 months ago

Multiple car loan applications over a period of a single month KILLED my score! WHY??

Hi JayRizzo, thank you :)
Is there any way that I can remedy this now, by sending in a request for review or something like that?

Response Reply posted 1 year ago

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