Hard Inquiries and Soft Inquiries

We generally make money when you get a product (like a credit card or loan) through our platform, but we don’t let that cloud our editorial opinions. Learn more about how we keep this compensation from affecting our editorial views.

Hard Inquiries and Soft Inquiries

There are two kinds of inquiries that can occur on your credit report: hard inquiries and soft inquiries. While both types of credit inquiries enable a third party, such as you or a lender, to view your credit report, only hard inquiries can negatively affect your credit score.

What is a hard inquiry?

Hard inquiries generally occur when a financial institution, such as a lender or credit card issuer, checks your credit report when making a lending decision. They commonly take place when you apply for a loan, credit card or mortgage, and you typically have to authorize them.

Hard inquiries could lower your credit score by a few points and may remain on your credit report for two years. Fortunately, as time passes, the damage to your credit score usually decreases or disappears, often even before the hard inquiry falls off your credit report.

What is a soft inquiry?

Soft inquiries typically occur when a person or company checks your credit report as part of a background check. Examples include employer background checks, getting pre-approved for credit card offers and checking your own credit score. Unlike hard inquiries, a soft inquiry may occur without your permission. However, they won't affect your credit score. Soft inquiries may or may not be recorded in your credit report, depending on the credit bureau.

One of the biggest credit misconceptions is that checking your own credit score using companies like Credit Karma will hurt your credit score. This is not the case. You can check your credit scores at Credit Karma as often as you like without affecting your credit score.

Examples of Hard Versus Soft Inquiries

Trying to figure out what type of inquiry will be placed on your report? Here's a general guide.

Hard Inquiries
Usually
  • Applying for an auto loan, student loan, business loan or personal loan
  • Applying for a credit card
  • Applying for a mortgage
Sometimes
  • Applying to rent an apartment
  • Verification of identity by a financial institution, such as a credit union or stock brokerage
  • Renting a car
  • Getting a cable or Internet account
  • Opening a checking, savings or money market account
  • Requesting a credit limit increase
  • Getting a cell phone contract
Soft Inquiries
Usually
  • Checking your own credit score
  • Pre-approved credit card and loan offers
  • Background check, such as those done by employers
Sometimes
  • Applying to rent an apartment
  • Verification of identity by a financial institution, such as a credit union or stock brokerage
  • Renting a car
  • Getting a cable or Internet account
  • Opening a checking, savings or money market account


If you're unsure of whether a financial action you're about to take will result in a credit inquiry, ask the financial institution or company. And if a financial institution or company informs you that they will be checking your credit, ask them to distinguish whether or not it is a hard or soft inquiry.

Why Hard Inquiries Hurt Your Credit Score

While hard inquiries are necessary for certain financial actions, such as applying for a loan or credit card, they should be limited as much as possible. Your credit score may be penalized for multiple hard inquiries because applying for too much credit at one time may indicate that you're desperate for credit or aren't able to qualify for the credit you need. While one hard inquiry will usually just knock a few points off your credit score (if any), multiple hard inquiries in a short amount of time may cause significant damage to your score.

Keep your hard inquiries to one or two a year if you can. Credit Karma data shows that on average, consumers with lower numbers of hard credit inquiries have higher credit scores.

How to Dispute Hard Credit Inquiries

If a hard inquiry occurred without your permission, check your credit reports to see the full details of the inquiry and determine if you should attempt to dispute it.

Note that you can only dispute hard inquiries that have occurred without your permission. If you've authorized the hard inquiries, it generally takes up to two years for them to fall off your report.

Conclusion

Before applying for credit, take time to build your credit score. With a higher credit score, you may improve your chances of being approved for the financial products you want at the best terms and rates.

To keep track of hard inquiries, check your credit scores and credit reports at Credit Karma. In addition to providing you with your free credit scores from TransUnion and Equifax, Credit Karma can notify you of any important changes to your TransUnion credit report, including any new hard inquiries.

Editorial Note: The opinions you read here come from our editorial team. While compensation may affect which companies we write about and products we review, our marketing partners don't review, approve or endorse our editorial content. Our content is accurate (to the best of our knowledge) when we initially post it, but we don't guarantee the accuracy or completeness of the information provided. You can visit the company's website to get complete details about a product. See an error in an article? Use this form to report it to our editorial team. For questions about your Credit Karma account, please submit a help request to our support team.

Advertiser Disclosure: We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

All Comments

Results 1-10 of 1061Results per page: 5 | 10 | 25Page 1 of 107   Previous | Next
1 Contribution
6911 People Helped

Helpful to 6911 out of 7171 people

I am impressed, I know a lot of what was said here from past experience and you are gaining good advice. Car salesman will do multiple hards hits with ONE permission trying to find a company that wil give you a deal. They do not tell you that. Applying for any credit card, to get the free T-shirt or book bag, will be a hard hit on your score. Never go more than 50% of your credit limit of your scores goes down. If your limit is $1000, do not put more than $499 on that card. Also, when the credit card companies see you getting into higher debt with them and other companies. they suddenly start to raise your interest rate even though you were not late on your payments. They see you are struggleling with your  finances and go in for the kill because they can. If ever you get a call from a collection agency, tell them to wait while you start your tape recorder and ask them permission to record the conversation. They will either hang up or properly handle the situation. They are not allowed to threaten you with a lawsuit, call you at work, call you too early or too late at night, or mutilple times a day. They may leave a msg with their name and number to return their call. However,  not about them being a collection agency on an answering maching or voice mail that says why they are calling becuase anyone could hear the message and that would be a break of confidentialitey and a potentional Liable suit. If you are in trouble seek out a not for profit agency to help, not one that takes monthly payments from you and then says they will pay your creditors. That story always ends badly. I found HUD and Chatholic Charities very hellpful with No cost to me after I was in a car accident and unable to work for three years. Do not talk to anyone over the phone for more than an minute, tell them always do it by U.S. Postal mail, not emai either. In the event they harass you or do anything else the Fair Credit Bureau allows. you have an address to send a Letter or Sheriff to. Also, never admit to any debt until they prove you owe the money. Many times these debts get sold over and over again to another collection agency and the original paperwork is lost, so they can not prove you owe the money. I had ATT harass me for six years for a debt they said I owed of $30. I never had an account with ATT and asked them to prove . Every six months a new collection agency called saying I owed ATT but the amount kept going up. It wasn't until my lawyer handling my car accident sent a demand letter asking for proof of the debt, that the calls stop. Also, regular installment payment like a car or mortgage are good for building your credit, but they like to see revolving payments too as in Department stores, one month $213, pay it off, one month $399 pay it off, one month $29 pay it off.  Remember to have a personal relationship with your local bank. If they know you and like you they can bend the rules a little.

Reply by
kkay1

1 Contribution
2073 People Helped
Helpful to 2073 out of 2253 people

I totaly agree with what your saying What got me is I had told the Car Dealer that i was already approved and he said it wouldnt hurt to SEE Well there were 5 hard inquirys from that 1 dealer!! My score went way down and they could not find me a better deal than what i was already approved at!! I am going to contact the credit bereaus and explain, hopefully they can take one or two off!! Learned my lesson!! And i work so hard to have a good rating!!!

Reply by
moonsister22

1 Contribution
55 People Helped
Helpful to 55 out of 75 people

Thanks so much for all the information.  I really needed that although I knew some of it from reading a couple of books on managing credit and debt.

Reply by
Exelon

2 Contributions
81 People Helped
Helpful to 52 out of 67 people

Very helpful advice...thanks!

Reply by
GMCEnvoy123

1 Contribution
864 People Helped
Helpful to 864 out of 1058 people

This is a wonderful and very helpful tool in trying to clean up your credit report.  It takes you half your life to realize how very important a clean credit report is. But, I guess that's just life for you.  I am being very concientous of everything I do now. I want my credit report clean, like it used to be before a very bad marriage and man, both of which are gone...:  ).  Thank you very much for this service.

Reply by
biggilrdee

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Recently, my child went auto shopping and I allowed her to use my SS# as we knew she would need me co-sign.  Well, not knowing that credit inquiries would reduced my credit score and the numbers of lending institutions that the auto dealers check with,3 dealerships and 15 inquiries later, my credit score dropped 60+ points. Now I have to wait 2 years until the "hard-checks" will be removed.  I truly wish I had heard about Credit Karma sooner!!! I am going to refer everyone I know to this web-site.

Reply by
bigpoppie2

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

Thank you so much for your help......recently divorced after27 years and had to file bankruptcy .......all this is new to me and you have been so helpful...Thank You...

Reply by
Nebaum

2 Contributions
0 People Helped

I thought that multiple inquiries re the same type (ie auto loan or mortgage) within a 30 day period only counted as one inquiry. On my report i applied to 7 financial institutions for a mortgage but only was dinged 1 inquiry.

Reply by
gqmodel10

1 Contribution
0 People Helped

Was very helpful

Reply by
Talalotu

1 Contribution
0 People Helped

Wat was the purpose of this inquiry on my credit,,,,I do not recall this app inquiry,,,please let me,,,,,,,thank u ,,,,

Reply by
evanrich

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

TL;DR... perhaps you could have bought a book on how to properly form paragraphs with your credit?

Reply by
colret

1 Contribution
0 People Helped

Thanks for your outstanding advice. Is there anyway that you can get the hard ones removed?  I applied for a loan back in Nov. and went through several loan companies only to find that I was VA approved through WellsFargo.  However Quicken Loan, etc, etc, continued the process and my score went from 812 to 772!  Thanks again for your comments.

Reply by
Kandle5

4 Contributions
33 People Helped
Helpful to 1 out of 1 people

I never knew about the "hard inquiries" until now checking your credit more than once.  That happened to me when I co-signed for a car for a friend and the 2 companies we started with checked it 4 times each. I called them and they said that was normal. People need to be advised by these companies, by law, what they are doing and what is happening. I now see why my score went down during that time period. But it's too late now to do anything about it. Also, I have been transferring my credit card balances to 2 other cards in order to clear up my debts but the credit score shows that isn't the right thing to do as they aren't reporting the up-do-date actual figures...this also is hurting my credit.  It takes way too long for these companies and credit bureaus to update your life. I'm having to wait on them as I'm sure others are too.   This also needs to legally change somehow.

Reply by
hiteshwadhwa123

1 Contribution
36 People Helped
Helpful to 36 out of 56 people

Thanks so much for these pointer...I made few mistakes without realizing that I was hurting my score...one of them was closing my oldest credit card to save annual fees...or just a casual inquiry for home loan, I never had any intention to buy...

Reply by
subodhonnet

1 Contribution
1 Person Helped
Helpful to 1 out of 3 people

Great information! very helpful.

Reply by
truaxrl

1 Contribution
6 People Helped
Helpful to 6 out of 12 people

Thanks, missdoss!!  I hope your situation has improved!!  But, thanks for the sacrifice for info for the rest of us.  I am going to cut and past this so that I have it to refer to!!

  Robyn

Reply by
BuddyLove1963

1 Contribution
2 People Helped
Helpful to 2 out of 4 people

I get hievery month for a hard repot wich was not authorised from  calverry portfoliio,(bottom feederd) that buy credit reports and go after people they think they an intimidate, and this happens every month, I have not autorized a hard report in over a year but every month my score goes down because of them, I don't need there help to lower my score, do a pretty good job on my own, they go after accounts that have ben dicharged , they don't have any conection with the original detter they need to make some laws to stop these pond scum, not that I think it will do any good, look how well the law is doing stopping drug dealer

Reply by
jgutz

1 Contribution
0 People Helped

I found out the hard way when I bought a car.  I had started to rebuild my credit a good year or two prior, this was my first car experience.... Eleven hard inquiries later, I was approved...... Next time I will go to my bank first and see what amount they will approve me.  Thankfully, I am not intending on any other big purchases, such as a home, for another couple years. 

Reply by
wasawasa

1 Contribution
0 People Helped

menachem schneorson dob 4281966

ss 057823584 650 ne 177 st miami fl

Reply by
georgebednar

1 Contribution
0 People Helped

I applied and was giving a loan by my local small town bank for a newly constructed house. After the approval, and it was very fast since I had an extremely high credit score (799) I notice 3 hard inquiries for the same loan. One was from my bank and the other two were a credit reporting agency like acer22 or somethink. They were all on the same day. My credit score was reduced significantly (722) and this is the only activity. What can I do to get the acer22 (or whater it was) to remove their hard inquiries?

Reply by
danimcc62

1 Contribution
2 People Helped
Helpful to 2 out of 4 people

Thank you for that wonderful piece of information.  Another good way to get collectors off your back is to send block letters asking them to stop and desist harassing you, especially if your only source of income is from the government.  If your only source of income is government(e.g. SSI, Public Assistance, Food Stamps, Medicaid, Social Security), they cannot in any way touch your income, especially if you get your monies by direct deposit.  Send them a block letter by certified return receipt, and I guarantee that the harassing calls & letters will stop.  Also, send a copy of your block letter to the Department of Consumer Affairs,  or the Federal Trade Commission.  That letter there you send by regular mail.  The block letters to the creditors goes by certified return receipt so that they cannot say they didn't get it.  So you're protected.

Reply by
Beell98

2 Contributions
11 People Helped

Great review. Thank you. I have only one thing to add. 

I got upside down with my credit cards, and I turned to CareOne. I stayed on that program for 3-1/2 yrs. I went from around $12,000 debt to $Zero.  They helped because they weild more influence to get card companies to lower your APR.

Here's an example: when I called Discover, they flatly refused to lower my APR. CareOne got them to lower it with one phone call.

Think about it, this is how they do it:  CareOne writes checks to Discover, not in the hundreds, but in the THOUSANDS of dollars every month. That's why CareOne can help with lowering APRs. Discover doesn't give a hoot about my paltry $50/month payment, but they sure as heck care about CareOne's big-fat check to them every month.  Just like the old addage, it's still true: Money talks.

I am not a CareOne rep, I'm just a very satisfied, former CareOne member.  It was the smartest thing I ever did. I recommend them to anyone who is in trouble with credit card debt.

Reply by
Wargil

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

Multiple hard credit inquiries for home or auto loans in a 30 or 45 day period only count as one, so whether you check 5 or 10 banks for a home loan in a week, your credit score is only affected as if you checked 1. The reason for that is because you're generally only buy one home or car at a time, and so you can get the best deal.

Reply by
jamieodom

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

Completely agree with the part about the local bank. My credit has been pretty bad for the last few years, and I am just now getting it back up to a decent level. When no one would even talk to me about a credit card, I was able to get a high limit 0% interest card through the credit union I have had a checking account with for the past 14+ years. Now with their help I am finally able to start rebuilding my credit!

Reply by
AMISISI

1 Contribution
1 Person Helped
Helpful to 1 out of 3 people

Thanks for giving understanding on how to deal the credity debt .

Reply by
nancychef1

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

Watch out for cell phone companies!!!   I inquired about setting up a new account with T-Mobile for my new cell phone.   Both times they were very anxious to get me set up, but the first time I didn't have all the information the agent needed, but she didn't tell me this until after she did the hard inquiry.   So I have 2 in one week :(.

Reply by
wallacej5

2 Contributions
13 People Helped
Helpful to 0 out of 1 people

A signed credit application at a car dealership give the dealer permission to do what they want with the information you signed. Also, 50% is not a magic number. It's just a percentage. Honestly, lenders would like to see less then a 35% utilization of credit cars. It's called "pay availability." The moe pay availability you have, the better your score. If you have use 45% of your credit limit, it effect  your credit almost as much as using 50% of your limit. 

Reply by
Kermit1979

1 Contribution
2 People Helped
Helpful to 2 out of 4 people

Inquiries...

Be careful with the "recommended" credit card on this site.  I was trying to diversify' so that I could raise my credit score and lower my utliziation'.  I applied for the recommended credit card, got denied, and another inquiry.  If your credit ratine is poor and the recommended card is for average credit, don't do it.  You will likely get and added inquiry to your report.

Reply by
burfk

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

this is helpful but my exhusband has called and told chase bank that  I do not have a chase credit card and I do not hold or have a chase credit card so there is no way i can be using that percentage of it.BUT NO ONE SEEMS TO WANT TO CORRECT THIS.SO what do I do?    Thank you       Marilyn A Kacsanek

Reply by
6719INEED

1 Contribution
0 People Helped

I THANK YOU FOR YOUR COMMENT IT WAS SO VERY HELPFUL YOU HAVE A VERY HAPPY NEW YEAR..

Reply by
mssharont56

1 Contribution
0 People Helped

Thanks for that vital information.  Trying to repair and bring my score up.  What are your thoughts on the advertised credit repair company I see advertised called Lexington Law?  I've heard of them before but not sure what their reputation is.  Tired of having low credit scores, getting older and want some decent credit scores.  Thanks, SAsh

Reply by
titus2001

1 Contribution
0 People Helped

I had a major stroke  in 2011

Reply by
galanaza79

2 Contributions
0 People Helped

nice thank you for that

Reply by
proudmomma26

1 Contribution
0 People Helped

I was just wondering who I could report harassment from then since there are about two or three companies that will call none stop?

Reply by
adamjay43

1 Contribution
0 People Helped

missdoss's,

Thank you for the extremeley HELPFUL information! I used to have really bad credit due to my party lifestyle in my 20's. That's all different now because I did exactly what you preached!

Thank You,

The Big A

Reply by
ambee01

1 Contribution
0 People Helped

This is great advice. Wish I had found this post before. Lol I've spent countless hours researching.

Reply by
jholl99

2 Contributions
9 People Helped
Helpful to 1 out of 2 people

Thank you for your advice.  A lot of my negative accounts are because of past medical bills.

Reply by
lloydkarma

1 Contribution
2 People Helped
Helpful to 2 out of 4 people

Thank you so much!

Reply by
Radiocontrol2

1 Contribution
1 Person Helped
Helpful to 1 out of 3 people

very helpful, thank you

Reply by
Crosstownbus

3 Contributions
0 People Helped

You wrote this very well. Helpfu information in this piece.

Reply by
RHill90

1 Contribution
0 People Helped

I agree with everything your saying. In 2012 I went to go try to purchase a car after Storm Sandy and I only gave the dealership permission to run my credit once they ran my credit 11x I freaked out and contacted the credit bureau and it was an on going back and fourth thing. They claimed they didn't but I receieved the letters and everything in the mail and nothing was resolved so I'm coming to my 2 year mark where they will finally fall off....

Reply by
Createdby1

5 Contributions
10 People Helped

i agree as well. From education to purchasing lawn equipment, there is always a catch 20/20. Those calls roll in like mad, but imply about harrassment and fraud, there will be a brief silence. Its not a joking matter however, its their duty to swindle what they can, even if it isnt right. 

Reply by
renee365

1 Contribution
0 People Helped

Is there a way to lock your credit account against hard inquiries without your permission?

Thank you!

Reply by
Kenbinns

1 Contribution
0 People Helped

They say right here on credit karma  not to use no more than 30% of your credit limit, not 50% before giving advise and messing someone else's credit up do some research !

Reply by
vanquished

2 Contributions
1 Person Helped
Helpful to 1 out of 1 people

So I just got a new car (Last day of March), and one dealer ran 5 inquiries (without telling me, in fact they did it after I had walked away to get me a better rate), then the dealer I bought the car from ran it again twice. and I already had one hard pull from a new credit card back in February. Since april my transunion has dropped 61 points... One of my credit cards has 60% utilization (I still make payments every month but its currently in a year of 0% interest so I figured why bother) the other 3 have 0% utilization, rarely if ever use them. According to credit karma the 3 most important categories are all "A" rating, Age of credit history is a D, Total accounts is a C, and Credit Inquiries is also (obviously a D). Should I be worried? Though my total credit card utilization is at 15% should I not keep that one card at 60%? - I plan to pay it off in full in the month before the 0% interest runs out.

Other than the # of inquiries, number of accounts open (maybe), and that one card utilization %. I've never missed a payment on anything, and I have no "derogatory marks". My current Transunion rating is the lowest its ever been (again it dropped 61pts since April) and I was certainly not expecting that.... What can I do?

Reply by
ksk1957

1 Contribution
0 People Helped

Thank you for the great info. I have tried to demand proof of a debt,  the pat answer is I didn't inquire in a timly manor.  How can I request proof of a debt I didn't know I had?  Now I know how to do it.   Thanks again!!!

Reply by
4kymora

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

How can I know if the Car dealer did an hard inquirys on me? Where can I check it?

Reply by
angelgrl73

1 Contribution
0 People Helped

Thank you for all your information i knew about some of the tihngs you have said but i did not know much of the rest of the information you also have given

Reply by
gringobren

1 Contribution
0 People Helped

Credit Karma is very helpful and informitive.  Keep up the good work.

Reply by
navygulfvet

1 Contribution
0 People Helped

Something that has got me is after my BK I bought a car. The score was rising dramatically as I paid the moment I got the email for "payment coming soon" kind of thing but my score was dorment, didn't raise anymore so I got one of those high interest rate cards...you know the capitol one card for 22.5% deal just to increase my credit score.

Now my score has dropped 100 points and the card is not showing on my score. Why not? I pay everything on time....sooner than on time and NEVER even remotely close to due date. 

can you answer my dilema?

Reply by
michelleb2011

1 Contribution
0 People Helped

thank you soo much very encouraging and helpful.

Reply by
1longrod

1 Contribution
0 People Helped

Thank's for the infor!!!

Reply by
suizomex

1 Contribution
0 People Helped

Thank you ! Thank you.

I look forward to more info from you.

Reply by
Yovani82

3 Contributions
6 People Helped

Excellent information! I will keep that in mind.

Reply by
jordy12345

1 Contribution
0 People Helped

Not all of what you said about the collection agency was correct. You have to give the mini on a voice mail which says "this is an attempt to collect a debt and information obtained will be used for that purpose." Probably dont talk unless you know.. 

Reply by
dofaust

9 Contributions
51 People Helped

There is much going on re the use of the credit databases than the consumer is aware: old "mirrors" of the database are sold cheaply, and they are the most inaccurate versions.

Creditkarma AND creditsesame both provide scores that a lender will not receive. My lender, a bank, got a score 50 points higher than the TU score reported by "creditkarma" - who is a TRANSUNION affiliate.....

The credit bureaus will intentionally keep erroneous data in their best database, in order to generate inquiries to correct it. The credit bureaus make big bucks by generating inquiries, by selling old inaccurate "mirrors", and by intentionally keeping incomplete and/or inaccuratte data. You would too, if you made big bucks that way. 

Expect NO HELP from the Consumer Federal PProtection Agency (CPFA) re the FCRA - they will simply refer you to a private attorney. Goood luck with that, Most effective is to goo to Small Claims Court - neither your creditor, the credit bureau, or any collection agency will show up to confront you in court unless you actually owe them a large amount of money. Be aware that you can take the credit bureaus to Small Claims Court for (Negligant or Intentional) Infliction Of Emotional Distress. But....check with a lawyer first since there may be deep pockets that may inyterest them!

Reply by
Ron7624

2 Contributions
11 People Helped
Helpful to 11 out of 14 people

Yes, be wary of car dealers.  One dealer that could not find a good deal put 2 hard hits on me 2 years ago with a medium credit score. I did not buy a car that year.    I just bought a new car 3 weeks ago and the salesman wanted to ashure credit before we found the car even.  I would not let him telling him that we both knew that I would be approved for the credit and I only wanted one hard hit on my credit score.  He did comply, but started out wanting to trash my score.

Reply by
marcusflinn1

1 Contribution
0 People Helped

Was wondering if you could clarify a statement I was told today by my local insurance agent? He said that you could run as many card credit inquiry's you wanted in a 30 day period and only one would affect your your credit score as long as the are pertaining car loans and house loans. Hope someone can help. Thanks

Reply by
1write4techs

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

I also went to get a car loan and I told the dealer I had a pre-approval he spoke to "his" boss and the "boss" said we should run it to find the financing. We had just bought a new car a couple of months before from the same sales guy so I told him I didn't want any more hits so when we signed the paper giving approval to run the credit we wrote on the application "only THIS agency".

Well needless to say his "boss" took it upon himself to run it to everyone. I got a notice from Credit Karma I had 7 hard hits and I was fuming mad.

I wonder if I have a copy of that change if I could get them off my report?

Reply by
jevd1986

1 Contribution
0 People Helped

Thank you so much for taking your time and sharing such a valued information. You rock!!

Reply by
SacyVue

1 Contribution
0 People Helped

Yes, that 1 car dealer brought my credit score down to 100 pts and gave me 11 hard inquiries. Is there any possible way to dispute of this hard inquires before 2 years?

Reply by
Sanjoo

1 Contribution
1 Person Helped

Very much my case when buying new car. Multiple hard inquires happend when dealership tried to look for loan.Eventually bought down my credit scores by 35 point in one and 25 point in other. Well lesson learnt.

Reply by
smcragar

1 Contribution
0 People Helped

So true!  I was told that the car dealership was doing a soft hit on my credit.  Come to find out it wasn't.  My credit dropped 13 points!  WTF!  I'm so mad!  Really!  That is so wrong.

Top Contributor

Reply by
BSFfaithful

17 Contributions
29 People Helped

This is definitely good advice.  I took my daughter to look at getting a car in her name and the salesman saw that my income was much better and asked if he could run a credit check just to show me how much better the interest would be for my daughter if I co-signed.  He promised that he was running the check just to make me aware and that it would not hurt my credit score.  It turns out that it did hurt my credit score as  two hard credit inquiries were run against my credit score even though I would not take his pleas to cosign.  He was trying his hardest to make a deal as they could not approve my daughter. I will never forget that experience and will have to wait two years before that hard inquiry will be lifted.

Reply by
netkat5

2 Contributions
0 People Helped

Yes a car company did that to me. They put SEVEN hard inquiries on my account and didn't tell me and I had no idea until I went to check my credit report. I wish I had known ahead of time. And they based it on the wrong amount I was putting down so there was really no use for them to check so many. They have since fallen off, but I had no experience because previous cars I had bought had their own financing service. 

Reply by
netkat5

2 Contributions
0 People Helped

And thank you for the rest of the information. 

Reply by
ENRICOLUDO

1 Contribution
0 People Helped

Does anyone knows why when I go and ask for credit with my Credit Score number I got, they "the seller" usually give you another different and much lower number, the sellers always says that the number I get is not the real one and very hard to verify, any input on this will be appreciated. 

Reply by
Divaontheloose

1 Contribution
0 People Helped

Love this response. But one thing is wrong. When someone calls you and you record the conversation, you do not have to tell them you are recording. If the phone is in your name and you pay the bill, they do not have to be told. But you are right about them hanging up when told. I didn't know about the dealerships running multiple hard hits. Thanks for the info.

Reply by
Steve657

2 Contributions
4 People Helped

Just about all of your comments here are helpful except for the last one.  Local banks will no longer "bend the rules" as I found out recently.  When I complained and asked about our relationship of 15+ years along with 2 business accounts and a personal account, I was told those days are over and all banks must walk the straight and narrow when it comes to lending money.  So unless you have a 700+ score, don't count on your local bank for help  when it comes to a small loan.  My loan was to buy my girl firend a custom engagement ring which while it would have cost about twice what a more standard ring would have cost, it would have meant a lot more.

Reply by
MEMERRE

2 Contributions
0 People Helped

Miss Doss,   Upon reading your report I have found one thing that does not agree with what Credit Karma reports and that being that you should never use over 1/3 of your credit card limits. My credit scote went down from 701 to 657 because I went over the 1/3 usage of my total credit limit.. This may be helpful to people who may want to check on this. Plus they do not go card by card, what they do is add your total credit card limits and divide by 3 and if your usage amounts to more than the amount they come out with then it lowers your credt score. However I must say that I am going to check into the fact that I have one credit agency that calls no less than 6 times a day, and leave messages some of the time about who they are, and they even call on Sunday's which I am going to check and see if this is legal also. Thanks for your help with this matter..

Reply by
Saddened

2 Contributions
0 People Helped

Enter Your there is a credit card that I don't own, says the balance was lower now???????

1 Contribution
1148 People Helped

Helpful to 1148 out of 1245 people

CreditKarma is so-so on its quality of reporting.  I see one debt that I haven't had for many years.  Of course, all the debts I paid off this month will not show up for probably two months.  Good advice not to let car dealers check your credit.  I used to bring a copy of my credit report and said I would show it to them if I was serious about a car, and would probably arrange my own financing at a local bank anyhow.  But younger people who don't know the credit game will get knifed in the back by not knowing the rules of the game, because it is a jungle, and survival of the fitess.  Kudos to CreditKarma, though, for the education for the masses and this forum.

Top Contributor

Reply by
danie828

67 Contributions
332 People Helped
Helpful to 156 out of 251 people

Agreed DeltaBum!!

Reply by
njazrael71

2 Contributions
377 People Helped
Helpful to 377 out of 456 people

Not entirely suire why you claim CreditKarma is only so-so on quality of reporting. They can only pull from your creditors and the 3 major credit reporting bureaus. It's up to you to ensure they have proper information.
You bringing a copy of your credit report means nothing if you are bringing an old one or are not bringing them from all 3 agencies. Dealerships could care less what's on your report. They care only about the score AND if you were saying you would secure your own financing, then they dont even need to run your report or score to begin with.

Reply by
Vixer

1 Contribution
131 People Helped
Helpful to 131 out of 154 people

I was one of those kids who got knifed in the back....I went car shopping for my first real newer car unaware of said hard inquiries, and that every dealer I went to that day ran multiple ones.

I've HEARD that since they are all auto-loan related I can call someone and get them lumped together, but I don't know who to contact.  the annual credit report site above looks like it may be able to assist me in this endeavor.

Reply by
khalilbutt

3 Contributions
1 Person Helped
Helpful to 1 out of 1 people

I never did this.

Reply by
ricky0705

1 Contribution
0 People Helped

Enter Your Reply

Reply by
Rootyjacobus

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

I completely agree that Credit Karma is not great when it comes to listing everything on your credit report. They simply don't match the real report that I receive. I think njazrael71 misunderstood your statement. I also disagree with him that car dealerships could care less about what's on the report and only care about the score- not true.

Top Contributor

Reply by
eastcoastman73

69 Contributions
199 People Helped
Helpful to 1 out of 1 people

Enter Your Replythey wont allow you to bring your own credit report, they are going to pull it and they wont tell you their shopping it to like as many banks as possible and your getting hammered with hard inquirys...i bought a new truck over a year ago and then i saw like 23 new hard inquirys, all of them to do with the truck...

2 Contributions
1045 People Helped

Helpful to 1045 out of 1118 people

check this out      http://activerain.com/blogsview/1151616/can-you-sue-a-car-dealer-for-excessive-hard-credit-inquiries-

look for     Auto Loan Inquiries   read the following parigrgh ""Fair Isaac changed the rules a bit for Auto and Home Loan credit inquiries:

The credit-scoring model recognizes that many consumers shop around for the best interest rates before buying a car or home and that their searching may cause multiple lenders to request their credit report. To compensate for this, multiple auto or mortgage inquiries in any 14-day period are counted as one inquiry.

In the newest formula used to calculate FICO scores, that 14-day period has been expanded to any 45-day period. This means consumers can shop around for an auto loan for up to 45 days without affecting their scores. But the old 14-day rule might still apply at some lenders that aren't using the new version.""

Reply by
debi423

2 Contributions
280 People Helped
Helpful to 279 out of 350 people

Not true.  I have had 4 hard inquires in one week and they are still on my credit report.

Reply by
MrOskiBear

1 Contribution
415 People Helped
Helpful to 415 out of 475 people

Debi423 said this isn't true, so I wanted to clarify.  The multiple instances still appear as multiple instances on the report, but they only count as a single instance when calculating your score.

Reply by
sisterluje

1 Contribution
142 People Helped
Helpful to 142 out of 156 people

A few months ago I applied at a car dealership for a lease on a new car.  I explained to the dealer that my credit wasn't so great, and he said he would find a credit company to finance the lease.  I had no idea that the dealer would apply to ten different places in order to find a deal for me.  So, in one day I ended up having ten hard inquiries on my credit report.  I read your comments and see that all of these inquiries should count as one hard hit.  How do I know that the credit reporting agencies are counting them as one, rather then ten hard inquiries?

Reply by
JET6442

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Question: I had 4 hard inquiries when I purchased a new car. How do I get those combined into one inquiry? Does that happen automatically? The hard inquiries are showing up as 4 separate items. Thanks!

Reply by
SFXPHIL

2 Contributions
3 People Helped
Helpful to 1 out of 1 people

Apparently this rule does not apply in Maine. In August 2013 I went to a Dodge Dealer to inquire about a new truck They told me that I could get a better deal than the 4.9% I was offered by Cap-One I received 6 hard hits on my credit score all of which was within 2 days of my visit to the dealers?

Oh! and they could not come close to the 4.9% i already had. Needless to say i didn't buy from that dealer…

Reply by
SFXPHIL

2 Contributions
3 People Helped
Helpful to 2 out of 2 people

Apparently this rule does not apply in Maine. In August 2013 I went to a Dodge Dealer to inquire about a new truck They told me that I could get a better deal than the 4.9% I was offered by Cap-One I received 6 hard hits on my credit score all of which was within 2 days of my visit to the dealers?

Oh! and they could not come close to the 4.9% i already had. Needless to say i didn't buy from that dealer…

Reply by
IronMaidn

1 Contribution
4 People Helped
Helpful to 4 out of 4 people

This is was we did and ended up with a bunch of hits - what you are talking about would fall under that rule.

We have been recovering from a bankruptcy 8 years ago. We kept home and used-truck payments up, never missed any payment, built credit, paid off a lot of bills, medical, credit, etc. over time. Then the next move was to refinance our home to a nice 3.5% from 7.5%. There were multiple inquiries there. Once - a year later - it was all done and every little wrinkle ironed out properly, we knew it was getting time to retire our 18-year old car. Runs great, but falling apart, lol.

We were pre-approved for well more than what we wanted to spend. Found the right car. Presented the pre-approval. They literally demanded we fill out the credit application to N***** because we were from out-of-state (we took a trip to AZ; no cars available of what specific car we were looking for, here) and there were multiple hits.

We went from 2 to more than 8 hard hits inside of a few weeks once and then, again when we bought the car. Nowhere can one present a short summary of what we did. We paid, consolidated, reformulated, and followed a plan we made years ago on how to rebuild. The right thing. The hard inquiries hurt.

Reply by
khalilbutt

3 Contributions
1 Person Helped

I never apply for auto loan

Reply by
Tracieeee

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

i recently tried to apply for auto loan. and few days later i found out 2 more hard inquiries on my account without any permission. and there was 7 hard inquiries totoal right now. they all showed up on my account. Do you mean that will count as 1 only? but it all there sniff**

Reply by
trdunn

1 Contribution
2 People Helped
Helpful to 2 out of 2 people

Not true that 14 day is not true I shopped for a car and got a bunch of inquiries done on me and I still have them and its been over a year. The inquiries were done all on the same day . So that 14 day period is no true!!

Reply by
lassie111

6 Contributions
6 People Helped
Helpful to 1 out of 1 people

Enter Your Reply..... not so 18 hard credit inquires 13 in one day.....2weeks later 5 more....shot my credit all to hell...none of which i knew about..and they dont come off...sorry to burst your bubble  all done by a dealer

Reply by
Dolphine1

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

not true i had 3 hard inquires from one car dealer and it dropped my credit score 15 points

1 Contribution
416 People Helped

Helpful to 416 out of 501 people

I only applied for a **** credit card because I read that it would improve/help to rebuild my credit. Then i get approved, and come back a week later to see my credit rating went down 14 points? What gives? If Credit Karma is going to pimp the credit cards, perhaps they should ensure that this information is understood before you hit that 'apply' button. Highly iritated.

Top Contributor

Reply by
dpk1nba

11 Contributions
341 People Helped
Helpful to 202 out of 245 people

1st off, if you don't undersatnd something don't blame credit Karma. All the information you need to make an informed decision is right here on this wesite. You have to read it. 2nd, whay was your new credit card limit and what was your balance when your score dropped 14 points? You must keep your credit utilization below 30% and shoulb be below 20% if you want your score to improve.

1 Contribution
257 People Helped
Helpful to 257 out of 304 people

Well, before CK my score was an F, they told me I neede dto apply for a Cap One CC and explained what I needed to do. I didnt want to get a CC because I am a Shopaholic and didnt want to take the chance on having this bill. They sent me the mailers for cap one (already preapproved) I did the application online and was approved for $300 credit limit (this was Nov 2013), this month my score has risen by 20 points! Kudos to CK

Reply by
debelou

1 Contribution
43 People Helped
Helpful to 43 out of 50 people

I did the same thing. I read what CK suggested and applied for a Capitol One as they suggested to increase my credit score. Well, I got approved for the CC and I just checked my CK score and between the CC and the hard inquiry from the CC company my credit score dropped 23 pts. and I have yet to receive the CC so it isn't because of any balance. Very confused and quite unhappy about the -23pts it cost me on my credit score.

Reply by
DaveAu

4 Contributions
26 People Helped
Helpful to 23 out of 26 people

dpk1nba is correct.  I now only use less the 20% of my total available credit. My score was in the dumps, but with using Creditkarma's suggestions, My score has gone up over 200 points. I now check it about twice a month, and will not exceed to 20% mark. My suggestion for those who want to build their credit, start with a Prepaid card. Pay it OFF every month, then gradually add more cards. (It took me two years to get my second card) Now I have five, and thats MY limit! I can do what I need with that.

Reply by
DeepDarkStar

5 Contributions
90 People Helped
Helpful to 2 out of 3 people

Your rating went down because you had a "hard" inquiry. Your credit card spending rebuilds it IF you handle it well and pay off quickly. Credit card is basically seen as money management through the eyes of someone looking at your report.

Top Contributor

Reply by
cdf19699

11 Contributions
189 People Helped
Helpful to 0 out of 2 people

i do so agree. they tell us one thing and something else happens. this is so not fair.

Reply by
MagniKen

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

I find every information on this site very helpful, I took CK's advice and my score jumped by 38 massive point in a month. I was so surprised to see that happen but each comment on this forum counts. I have just one CC and I'm ok with it. 

Reply by
Uplifted2020

3 Contributions
2 People Helped
Helpful to 1 out of 1 people

Actually, it isn't the percentage of your utilization, it's the time frame it takes for you to pay off your debts on your cards. If your credit utilization is 80 percent, but, you pay it off within the allotted time frame, then your credit score will rise. If you only use 19 percent utilization, but, continually only pay the minimum amount due, you won't see as much of a credit boost as you would if it's paid off. It's all about your responsibility with credit. There is plenty of infomation on this site to help you with all of this. But, one hard inquiry shouldn't drop your score 14 points. I would check to see if anything else was run around that time. Usually, one hard inquiry will drop your score approx. 5 points. If you stay on top of your score and track your moves, you will know exactly where your points are coming from, or being taken from. Good luck!

Reply by
Uplifted2020

3 Contributions
2 People Helped
Helpful to 1 out of 1 people

You have the right when you apply for ANY CC or loan to ask how they inquire, and how many times you will get hit with an inquiry. And you as the consumer have the right to NOT apply if you feel it may damage your score too much at the time. But, I have seen that even if it does drop your score, within 90 days after having a new cc and using it responsibly, those points will rise back up to where they should be, and continue to rise thereafter. In turn, obviously if you are getting ready to purchase a vehicle, a home or something that may need your score to be higher, than you shouldn't have your credit run AT ALL until you know it is safe to do so. Credit Karma can only SUGGEST, they don't hit the apply button.

Reply by
bl1nk677

1 Contribution
0 People Helped

    I agree, I applied after they recommended that  I get a credit card ,and mine dropped 45 points! How is that possible? 

Reply by
JennalunaVerse

1 Contribution
0 People Helped

Love that Capital One card but watch out about changing any dates if you need to pay later or earlier. I get paid sporadically as I'm a writer & typically, the end of the month is when my checks come in. Back in April, I changed my payment dates to to the 24th which was supposed to start this month; June. On the 8th, I got a text saying my payment was due on the 10th & I flipped out just a little because I didn't or wouldn't have the money. I've never been late on any payment. They haven't been too understanding & I've been sweet as can be. I'm calling again Monday to talk to a higher-up because it is noted on my profile. I'm bummed because in September my limit was to be increased, which we we were counting on  because we're moving. Hopefully, this all was just technical error. Otherwise, I love the card. On an another note; I read 5 straight months of on-time payments would reward me an increased limit. September makes 8. That's odd. Oh well. 

Reply by
kamille632

1 Contribution
0 People Helped

AGREED!!!

Reply by
jsimms01

1 Contribution
0 People Helped
Helpful to 0 out of 2 people

I checked my credit score and by CK i was told also I need to get a CC to help out my credit which CK say it is good to begin with.... and what is the likely hood of being aproved for the CC... I did notice that when I aplied for the CC My Credit score dropped whic it shouldnt if CK is going to advise to to get a CC

Reply by
iluvmom4

1 Contribution
0 People Helped

Enter Your Replyis there anything we can do or someone we can call that can help take those point back ? Im desperate i need help .

Reply by
cmitcham86

2 Contributions
16 People Helped

your score will drop initally but building credit takes time. Capital One took a chance on me. My score went down about 20 points but over 6 months went up 100. Make on time payments and they will increase your credit line as well. When they increased my credit line from 800 to 1300 in 6 months my score went up again. Companies want to see you making on time payments and if you stick with keeping credit utilization under 30 percent and make on time payments one credit card will build your score quicker then anything.

2 Contributions
25 People Helped

Helpful to 23 out of 25 people

I think 2 years is way too long for Inquiries to stay on your credit report.. I feel I'm being penalized for searching for better interest rates to lower my balances. 6 months to a year seems fair.

1 Contribution
377 People Helped

Helpful to 377 out of 443 people

we are buying a house, and i have been able to check my credit every day to see what affects my score.  i am very careful not to use my credit cards, because even a 5.00 purchase on your card affects your credit score, and some time it takes a month for it to come off once you paid on your credit card.  thank you credit karma for all this free info and all the helpful advice.  love the site.  i tell everyone about this site.

Reply by
Zenophobe

9 Contributions
181 People Helped
Helpful to 167 out of 218 people

You ain't kidding on what you said about cc purchases.

I just dropped 40 points in my CK score for a $32 purchase that showed up on one of my cards that previously was carrying $0 balance.  Hopefully my score readjusts after this reporting period as I have just paid off all my balance.

Reply by
SandyRose1984

2 Contributions
338 People Helped
Helpful to 335 out of 360 people

The biggest portion of how you get a score is based on payment history and balances owed. Creditkarma even states, as well another sites, that carrying a small balance won't hurt your score as long as it is time and under 30% of the limit. You get points based on what is reporting so a late payment can kill your score as well as high balance. Just use your accounts responsibly. I've had accounts for years and never missed a payment and keep my cards under 30% of the limit. I have always had scores above 750 and up to 800. 

Reply by
wallstreet07

1 Contribution
39 People Helped
Helpful to 39 out of 45 people

40 points for a $32 purchase?  That sounds impossible.  I spent over $2000 during Christmas, paid it off the next month and my score didn't move one point.  There have to be some other factors involved with your score dropping that many points so quickly.  

Reply by
Shaunakay1

3 Contributions
62 People Helped
Helpful to 2 out of 3 people

Find out when is the closing date for your credit card and pay it at least 2-3 days before the closing date.  Eg:  My Macy's closing date is the 21st of each month.  That is also the date my payment is due.  I pay the balance off by the 18th so that on the closing date the 21st, may account will show a $0 balance.  I know this for a fact because I have monitored how the cards report and the pattern is always the same with all my cards.  Use Credit Karma to see ont he Transunion side what day your card reports to the bureau then check your statement to see what they list as the closing date.  NOTE: some cards closing and payment due dates are different so pay attention to that.

Reply by
craigejr

2 Contributions
27 People Helped
Helpful to 27 out of 30 people

What???? You are badly misinformed . It is not a bad thing to use your credit cards and even more so a $5 purchse would actually raise your score not hurt it . Credit Card utilization is very important for building a good credit score and has a very high impact on your fico score as well . Heres an example .... If you have a credit card with a $500 limit. You have between $1-$150 that you can use to achieve 30 % or under utilization . Meaning this can actually raise your score by using it and paying off your balance monthly . And not just a little , sometimes as much as 30 point gain in 1 month

Reply by
Uplifted2020

3 Contributions
2 People Helped

It's all about being timely with your debt. If you pay off what you've used in a timely manner, than it will boost your credit, because it's showing responsible financial management. As long as you're smart with your finances, your score will reflect that. Good luck with your home buying!

Reply by
Wonderwoman55

1 Contribution
0 People Helped

I use to be a Real Estate agent and I always advice my renters to get the credit report from Credit Karma before paying us & finding out the creidit was not good. Also it give you the chance to work with your credit at no charge.

Reply by
wildwill1106

2 Contributions
0 People Helped

A 5 dollar charge should not hurt your score what hurts you score is you carry that 5 dollar balance over to the next month.  The key is pay off that card before the next billing cycle.  I do this whith my discover card. I always make sure I pay off at least 3 days before the next billing cycle.  So when I get the bill there is always a 0 balance on the statement.  When I check  CK (the last 2 months) it shows I owe 41 dollars to discover card but I have never paid a one single dime in interest to this card.  I went from a 583 score to an 802 in just over 5 years.  And I have not paid interst on any CC for the last 3 years.  Now I have people begging to give me credit. 

Top Contributor
10 Contributions
459 People Helped

Helpful to 353 out of 385 people

I think it's wrong that hard inquiries affect our scores....I have A's in everything but hard inquiries, which is a D.  This is because I look around for the best rate in everything I apply for such as insurance, refinancing, personal loans, etc.  I particularly hate it that insurance companies check your credit score....how are you supposed to find the best price without getting hit on your credit????

Reply by
cowboymike911

4 Contributions
188 People Helped
Helpful to 188 out of 213 people

I absolutely agree. We get penalized for being smart consumers.

Reply by
nikolausi

1 Contribution
232 People Helped
Helpful to 232 out of 257 people

We get penailzed for being smart consumers, because your score is an indicator of how profitable you are to a company (and not how good you are with money). The more loans you pay and the less you shop around, the more attractive you are to someone who wants to make money off of you. 

Reply by
Tenanta

2 Contributions
19 People Helped
Helpful to 19 out of 23 people

Its not fair that inquires bring down my score when i didn't apply for a credit card, just keep receiving  offers in the mail , i never accept the applications.  Just because i move every  2 years,my credit score gets penalized  because the future landlord checks my payment backrounds which i keep PIF(paid in full).

Reply by
rico303

1 Contribution
0 People Helped

My take on this whole thing is this; most of the time I really do not need to buy anything on credit and so if I get, "not approved", I feel relieved and reason that I really did not need to go into debt and so they are doing me a favor. When I do get approved I get into debt.

Reply by
mdcarver

8 Contributions
157 People Helped
Helpful to 1 out of 1 people

I totally agree with thegrunt286

Reply by
ndeed

1 Contribution
0 People Helped

I thought I was the only one who thought about that

Reply by
Liz5055

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

I have the same issue here too. I searched online for best rates on auto loans. I made the mistake of using lending tree which dealt with multiple quotes. Therefore, ended up with multiple hard hits on my credit! Ugh! I read somewhere that if you shop for rates within one week to 10 days, they will count that as 1 hard hit. But who is "they"? LOL. Im so frustrated.

Reply by
GypsyGurl07

1 Contribution
0 People Helped

I was recently approved for a Credit One credit card (pending verification of my identity), and a First Premier credit card. The latter required an initial fee of $95~just to activate the card! I wasn't interested. They had a Representative call me and put me on the spot. In a "momentary lapse of reason", I put down $25. I was told I could cancel if the card wasn't activated or used. I was then offered a better credit card option and took it. I called to cancel my First Premier card and the Representative wasn't so nice. She threatened me about "Hard Inquiries". Will canceling before even activating hurt my credit score? And thanks to everyone who commented about keeping your credit card balance less than 50% of your limit. It is 50%? Or is it 30-40%? I also didn't know that medical depts can hurt your credit. That's true, right? Mine are unsubstantiated and I need to address them! I've already forwarded one to my lawyer. Accurate answers welcomed!!!

Reply by
anc098020

1 Contribution
13 People Helped
Helpful to 13 out of 15 people

Insurance is a soft hit. It does not affect your credit. 

Reply by
Voltage

1 Contribution
0 People Helped

I agree too.  I bought a new car (with a loan) and though I should review my car insurance.  So I ended up with 4 total inquiries.  One was the loan company.  The other three were insurance companies.  Jez, just trying to do the right thing by shopping around.  So now I only have a 'fair' rating from an 'excellent* before on that specific category.

Who cares if there are multiple inquiries?  They're inquiries for gosh sake.  Just wrong.

Reply by
yankeefan58201

1 Contribution
0 People Helped

I don't get it either.  CK recommended certain cards to transfer a balance with 0% interest while indicating a good to excellent chance of being approved.  While a couple of the companies approved me for lower amounts, the hard inquiries lowered my score 55 pts. Is that how it's supposed to work when trying to lower your payments and/or paying off your balances quicker?

Reply by
wildwill1106

2 Contributions
0 People Helped

Car insurance is a soft hit and does not affect your score.  I shoped around for insurance and spoke with 4 differnet companies and it did not affect my score

1 Contribution
18 People Helped

Helpful to 18 out of 24 people

I am a business manager with a business degree. Believe me when I tell you aggregate spending (is what people do with more income or better credit). It is an economic fact. We (consumers) actually create our own economy being cautious and save money or spend money with more confidence (consumer confidence). With that being said, what would happen if the credit reports could only report Paid or Not Paid, Late or On Time? And we didn't get penalized for "inquiries" (hard) or seven years of negitive if we stepped up and paid late with a penalty? I'll tell you what...millions of consumers would buy more (yes some would over spend) and some would achieve financial success! That is why I wrote the Credit Reform Act! How about a judgement by a court to establish debt instead of Billy Ray at the XYZ collections company redating your account (against federal law)? Why are the reports so hard to read? Why don't they have any previous billing original information? Who earns more money on bad credit people..THE BANKS! Hello! That is who has systematically keep my score at 573 for 25 years..no matter what I do or who I write! Control of the people and of the finances= POWER. People nothing in business is free (cause they like us?) lol

But since I am a political strategist and help many presidents and politicians win different races, wars, bills, debates ect. I am now going to be on this corrupt credit three files in three states with 10 different scores! Ha Political revolution is coming and I am going to blast these lawyer written FCRA laws into oblivion. Set us free and we will make this country great no matter what tyranical banker hates it! Feel the Bern..WE THE PEOPLE WILL TAKE IT BACK! Have a nice day.

Top Contributor

Reply by
eastcoastman73

69 Contributions
199 People Helped
Helpful to 2 out of 4 people

Enter Your Replyagree, banks play by and make their own rules...this much change!

Reply by
K196769

1 Contribution
14 People Helped
Helpful to 14 out of 16 people

JCP101, I hope you are successful!  I think the 3 credit agencies are in bed with all the banks.  We had to file a bankruptcy 6 years ago do to a rental property I owned before getting married.  It went on the bankruptcy, but am being told it also counts as a foreclosure.  So I'm hit twice for the same thing basically because I turned the keys to the place over to the bank before the bankruptcy was done being filed.  That's what I get for tryng to do the "right" thing by talking with the bank explaining the details. (small town bank).   Since the bankruptcy, we have done everything like we are supposed to.  Everything paid on time, making extra payments, paying loans off early.  Getting credit cards and making small purchases and paying them off.  Now that's a "fun fact" in itself.  If you don't use your credit, you get dinged for it.  If you do use your credit, you get dinged for it.  If you don't use enough of your credit, you get dinged for it.  If you use too much, you get dinged for it.  It's so your hosed no matter what you do.  If I make a purchase today on a cc, within minutes I will get an alert my score has changed.  But if I pay the same bill off the next day, it takes up to 2 months (or longer) for it to come off again.  And your score doesn't go up as much as it dropped.  We are in the process of selling our house and purchasing another one.  Now I'm being told that we have to refinance our vehicles and put them in my name only, and then put the new house in just my wifes name only.  Due to the foreclosure in my name.  Isn't that the same thing as just playing the system?  Everything still gets paid out of the same checkbook, but it matters who's name is on what.  WTF?  I'm so sick of the credit systems.  Its all a bucn of BS and nobody can tell me the banks aren't in on it.  It's an easy way to charge people a higher interest rate, regardless. 

And for the record, we don't expect to have an 800 score.  We took/take responsibility for our own actions, not blaming anyone else.  (other than some really crappy tennants I had..LOL)  But it would be nice to be recognized for how much everything has improved since.  Thanks, and sorry for the rant!

1 Contribution
336 People Helped

Helpful to 336 out of 402 people

What can I do if a company did a hard inquire without my permission.  

You can first check your full credit report at AnnualCreditReport.com to see the full details of this inquiry. Then, you can attempt to dispute it, if it's erroneous. Here's an article on how to do so: http://www.creditkarma.com/article/dispute-credit-report-errors

Review by
CK Moderator

Reply by
irishgirl59

1 Contribution
41 People Helped
Helpful to 41 out of 55 people

I have 9 hits for hard inquires and have not given permission for any of them.  How do I get them off?

Reply by
thurmanator

1 Contribution
10 People Helped
Helpful to 10 out of 17 people

i would like to know the same thing....we did not apply for 4 diffrent checks in one day, thats crap

Reply by
Blubanana

3 Contributions
481 People Helped
Helpful to 481 out of 511 people

I just had 1 removed, now I only have 1 left but tthis one is legitimate.  All that you need to do is get a Free credit report from Trans Union in the mail.  Once received, get a letter from the company that did the hard hit(s)stating that it was in error.  Mail that to Trans Union along with Name, Report number, Last 4 of SS#, DOB, Address and thats it.  Works like a charm if you get all that.

I learned all this from this site! : )  Thanks Credit Karma, you guys are AWESOME!!!!  Learned a lot.

Reply by
r4y6tt

1 Contribution
3 People Helped
Helpful to 3 out of 4 people

Just because my company changed names doesn't axplain an inquiry.

Reply by
sherriness

1 Contribution
2 People Helped
Helpful to 2 out of 3 people

ok, i do not know who these people.  I have not applied for cards, loans nothing

Reply by
mactheknife22

1 Contribution
2 People Helped
Helpful to 2 out of 3 people

i didnt  give premission on must of these inquieries

Reply by
margiesegneri

3 Contributions
10 People Helped
Helpful to 7 out of 8 people

i would like to know why my credit drops as i continue to pay offf cards to o balalce 

Reply by
rsams1951

1 Contribution
2 People Helped
Helpful to 2 out of 3 people

I don't have a account with bank of america. I don't know where the information came form.

Reply by
Kandle5

4 Contributions
33 People Helped
Helpful to 1 out of 1 people

You need to go to that company and have them send information to the credit bureaus immediately so it can be removed. They need to send you a copy also. I just recently had to do this and it was quick....but then I might have just gotten lucky for once. But try that.

Reply by
docurban

3 Contributions
0 People Helped

I've tried disputing multiple hard inquiries when they happen for the same reason (in this case, getting an auto loan).  They say the inquiries are "verified", and close the file.  So for the next two years, I have 9 hard inquiries for one loan, with no recourse.  Not CreditKarma's fault, but they need to explain that its common to get these multi-hard inquiries, and impossible to fix, even though you only applied once for a particular credit item.

Top Contributor
30 Contributions
238 People Helped

Helpful to 119 out of 136 people

One failure of CreditKarma- when CK calculates their version of your credit score, they do not view hard inquiries the same way that the threecredit bureaus do - All related inquiries for the same borrowing attempt (aka - automobile or mortgage shopping) within a certain time period all count as one hard inquirty.  

I have 13 hard inquiries showing with Credit Karma - but 9 of them were all related to getting an auto loan - all happened the same day...  And while CK says this is not a big part of the score - it does, none the less, reflect in the score they give.  How much, though - I have no idea, but I do know my CK score dropped 20+ points in one day - and that was the only credit activity change...

Top Contributor

Reply by
cdf19699

11 Contributions
189 People Helped
Helpful to 29 out of 58 people

i agree with you The Battman. i too was told that a hard inquiry would not affect my credit score, but it did. i applied for a credit card on this site. i just looked at my credit score today, and it had dropped -14 points. i am sure because of that, i will not get the card. somebody does not know what they are talking about. it doesn't pay to even apply for credit. why does a hard inquiry take that many points from you?  i am done with this sight, because i think it is full of $&#@. i will check my credit scores when i have to elsewhere!

Reply by
01010101

1 Contribution
11 People Helped
Helpful to 11 out of 13 people

I totally understand what you mean, I had the same issue with buying a car my score on Kredit Karma dropped over 100 points and they were the only site this happened with. I make good money and can't see way buying a modest car would d that, all my payments have always been made on time, more then the minimum due and paid early. The hard count on the othetr sites counted as 1 as the five checks were done the same time on he same day. Cazy it seems that everything you buy makes your credit score worse makes you not want to but a car, house or anything of value.

Reply by
YourNeighbor

2 Contributions
18 People Helped
Helpful to 16 out of 19 people

How long do (or did) those hard inquiries stay on your credit karma report ?  How long does ANY hard inquiry stay on your report ?

Results 1-10 of 1061Results per page: 5 | 10 | 25Page 1 of 107   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Comment on this Article

Write your comment:
Enter Your Comments