Hard Inquiries and Soft Inquiries

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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.

 

A hard inquiry can stay on your report for 2 years, but it may not hurt your score as much as you'd think. [Tweet this]

 

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.

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All Comments

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2 Contributions
306 People Helped

Helpful to 304 out of 313 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.

Reply by
Johnnyboyky

8 Contributions
128 People Helped
Helpful to 101 out of 108 people

Me to, 1 year should be the norm.

Reply by
ceth

1 Contribution
61 People Helped
Helpful to 61 out of 65 people

I totally agree

Reply by
brittanymeals

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Helpful to 81 out of 88 people

Enter Your Reply I feel the same way, I have some hard inquiries on my report that are two years old and they are still on my report. If that is the case that hard inquiries are off your report, why is my hard inquiries still on my report? Also, some of the accounts that are considered closed, why are they still on my report. I feel that if items on my report are closed, they should be taken off the credit report to improve the credit score. I have a lot of closed accounts on my report and they are still showing up. These should be taken off in two months or less.

Top Contributor

Reply by
MsJody

14 Contributions
57 People Helped
Helpful to 3 out of 4 people

@diannered I have recently found out that the inquiry may stay on your report for 2 years but will only affect your score for 1 year. Even though if you apply for credit the creditors will still see the inquiry but will not have any bearing on your score if it's 1 year old. I hope this helps.

Reply by
ablcer

2 Contributions
0 People Helped

Enter Your Reply why credit report have thinhs for 2017 when not 2017

Reply by
margman

2 Contributions
1 Person Helped

i totally agree , i think its bs they ding your credit when all your doin is trying to find the best deal , they can figure out whos tryin to run a scam vs who truely is only trying to get best deal , **** the credit score bull**** !!!!!

Reply by
sidebarr

9 Contributions
1 Person Helped

Enter Your Reply

Hey folks if you really want to know how to handle these creditors and rake in some money for them breaking laws go to whatliesinyourdebt  dot com

There you can learn how to sue them your self and its all legal its just you leaning what they hope you never learn. Learn what permisable purpuse means and sue them for running a check on your credit for no reason. Calling you on a phone you never gave permission for them to call you on,sue them for that even if you do owe them money. 

Reply by
joytoy11

1 Contribution
0 People Helped

Enter Your ReplyI highly agree to this! But it lowers your score almost 100 points!! That is really unacceptable  to me! Honestly,  the inquiry  should NOT hurt you at all! Just sayin!!!

Reply by
Sjones1140

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0 People Helped

I completely agree. The entire credit system is designed to hinder people from getting ahead and accessing resources that are not readily available to them.

Reply by
albro62

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Enter Your ReplyCan't understand how trans has 6 inq and equi has 0 inq!!!

Reply by
COJacob

2 Contributions
26 People Helped

Luckily, some industries expect multiple hard inquiries, so they get combined and treated as one, such as price shopping for a home or auto loan.  I think the limit for this combine is two weeks worth of searching.

Credit cards typically have their rates exposed up front (or a range), so each credit card application will be kept separate.

Reply by
msfullen

1 Contribution
0 People Helped

Completely Bull**** for an inquiry to stay on someone's credit report for 2 years, hard or soft inquiry!

Reply by
ricmon56

1 Contribution
0 People Helped

I totally agree diannered! I was just checking my inquiries; I have one of them coming off this May, and another hard inquiry coming off 1 and a 1/2 yrs. from now. Why are they, the bureaues penalizing me for just changing from Verison to T-Mobile to save some extra money for my meds, and for someone on disability too. I think it's rotten!

Reply by
bbutch65

1 Contribution
0 People Helped

Enter Your Reply I agree. If the inquiry creditor is not issuing  within in six months of the date it was not used it was a mute inquiry.  If used it would show on main credit. 

Reply by
manjang

1 Contribution
0 People Helped

Enter Your Reply

Reply by
ecri

1 Contribution
0 People Helped

I agree totally.  You are being penalized just because you applied for credit.  That should be illegal.  But if anything 6 months should do it because it would show if you got credit or not.

Reply by
goh1952

1 Contribution
0 People Helped

I agree this is just another way to keep you down

Reply by
DeniseClem

1 Contribution
0 People Helped

Seems fair and reasonable for it to be 6 months to a year.

Reply by
dippitydoo

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0 People Helped

Enter Your Reply  2 years is way too long if you were just inquiring about a loan.

1 Contribution
7700 People Helped

Helpful to 7700 out of 7993 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
moonsister22

1 Contribution
96 People Helped
Helpful to 96 out of 136 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
103 People Helped
Helpful to 74 out of 101 people

Very helpful advice...thanks!

Reply by
GMCEnvoy123

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Helpful to 900 out of 1100 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

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Helpful to 3 out of 3 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

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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
3 People Helped
Helpful to 1 out of 1 people

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

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Helpful to 0 out of 2 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
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Helpful to 1 out of 3 people

Great information! very helpful.

Reply by
truaxrl

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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
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
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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

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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

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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

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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

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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
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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

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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

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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

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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
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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
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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

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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

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0 People Helped

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

Reply by
navygulfvet

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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

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thank you soo much very encouraging and helpful.

Reply by
1longrod

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Thank's for the infor!!!

Reply by
suizomex

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0 People Helped

Thank you ! Thank you.

I look forward to more info from you.

Reply by
Yovani82

3 Contributions
7 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

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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

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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

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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

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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

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

Reply by
SacyVue

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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

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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

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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.

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Reply by
BSFfaithful

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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

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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

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And thank you for the rest of the information. 

Reply by
ENRICOLUDO

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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

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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

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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

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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

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

Reply by
mHmmd123

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And exactly what happen to me, I want to buy a car and the dealer hit more than five banks at the same time.

Reply by
wwwSOOAYcom

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Very informative post.  Thank You!

Reply by
sidebarr

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Hey folks if you really want to know how to handle these creditors and rake in some money for them breaking laws go to whatliesinyourdebt  dot com

There you can learn how to sue them your self and its all legal its just you leaning what they hope you never learn. Learn what permisable purpuse means and sue them for running a check on your credit for no reason. Calling you on a phone you never gave permission for them to call you on,sue them for that even if you do owe them money. 

Reply by
Jerrike

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Yes I agree.  I think consumers need to get together and shorten the time an inquiry stays on your report.  It is ridiculous that an inquiry can impact your credit score significantly and a lot of the times, they are unauthroized or we may not even know that it will impact our credit.  I applied for a car and received over 10 credit inquiries on my account from applying for that one car.  My credit score went down 40 points. 

Reply by
phillips6540

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Yes, in my ignorance I learned that too late about aggressive car salesman. One of the things I found unethical about working for retailers was our quotas to get customer credit applications.

Reply by
Theresacwpryor17

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3.26.17.Sun@1926hrs, iveKS time

I never Applied for ANY Auto Loan. In the past 4 months, I've been dogs to finance a car & I've said NO. NOT Interested. Leave me alone.

Yet I've had 35 hard hits on my credit report from payday loan companies & I've never applied for any payday loan in the 3536 yrs I've been working. & all these hard inquiries need to be removed from my credit report. asap

Reply by
mtorio863

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Enter Your Reply  how do  i shop for the best rate on a mortage ?

Reply by
desire60104

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Thank you so much on the information.

Reply by
bbbrr

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Mulitple inquiries for the same type of loan within a 30 day period will not lower your score 60 points. there has to be another factor causing that. You are allowed to price shop interest rates via cb. Credit karma themselves point out that credit inquiries have the lowest impact on your report. Do not be afraid to allow a retailer to shop for the best rate to suit your situation. it is an ole wives tale that if they send it to multiple lenders it hurts. Not paying your bills hurt, not keeping your revolving at a low amoutn hurts. opening multiple accounts hurts on the short term basis but improves wiht average age of loan. It is not that hard to figure out. Look at what Credit Karma offers you in thier tips. If you are using the score on here to judge your actual drop in score it may not be close to what your actual score is. This is a great tool to monitor your credit for free but be aware they do not offer your actual score for free. enjoy

Reply by
BrandyD83

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I have a hard inquiry on my report but I was approved. Does it not matter? Been working on my credit. Always payed with cash or my bank account, My credit has always been low because I had no history of credit so I bit the bullet and Opened up a CC and Im on a fw of my husbands cards that helps a little. I ve never had a missed payment on ony cards and have about 300 left in debt Ive been paying off. Does this inquiy hurt my credit as well? 

Reply by
boyscout150

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Enter Your ReplyYou have been Screwed and you can not get it removed.  I had one which was totally false, even the reference creditor stated that then never did and an inquiry in writing to Equifax and they still refused to remove the error.  The laws do not apply to them!

Reply by
takeofmycredit

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Thank you

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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.

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Reply by
danie828

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Agreed DeltaBum!!

Reply by
njazrael71

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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

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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

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I never did this.

Reply by
ricky0705

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Enter Your Reply

Reply by
Rootyjacobus

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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.

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Reply by
eastcoastman73

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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...

Reply by
jdixon620

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I agree DeltaBum,

But I have taken my credit report with me and they still want to run a credit report of their own. And is there a way you can tell dealerships that you give permission but only one time and not to multiply places?

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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

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

Reply by
MrOskiBear

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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

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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

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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

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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

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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

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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

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I never apply for auto loan

Reply by
Tracieeee

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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

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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

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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

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

Reply by
SadAnnie

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My husband and I recently bought 2 new cars....my credit was better than my husbands having a score of almost 700. Within 7 days my credit score DROPPED over 80 points from all the HARD pulls... I literally sit down and cried.  I called the finance guy and told him and he said ohhhh dont worry about it, make 6 months of on time payments and your score will be higher than it was before.  Two payments later and it still hasnt moved 1 point.  I am sick to my stomach over this, we had planned on buying a house in Oct.....I dont see that happening now. 

Reply by
POWERUP2012

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Enter Your Reply

Reply by
sueqnola

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Yep, not true for me either. I have 28 hard inquiries from 2 dealers!!! I've contacted the credit bureaus and asked them why I'm being hit so many times for something the dealer did but nothing has been fixed. They were all on 1 day too. 

It's blatantly obvious that it's for auto financing too. It states it on the report. If anyone knows of a way to get them lumped into 1 as they all should be please let me know!! I would very much appreciate it!!! Thanks!!

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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.

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Reply by
dpk1nba

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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.

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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

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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

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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

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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.

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Reply by
cdf19699

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

Reply by
MagniKen

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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

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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

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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

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    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

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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

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AGREED!!!

Reply by
jsimms01

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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

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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

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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.

Reply by
sidebarr

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Enter Your Reply;;;;;Educate your self HERE

Hey folks if you really want to know how to handle these creditors and rake in some money for them breaking laws go to whatliesinyourdebt  dot com

There you can learn how to sue them your self and its all legal its just you leaning what they hope you never learn. Learn what permisable purpuse means and sue them for running a check on your credit for no reason. Calling you on a phone you never gave permission for them to call you on,sue them for that even if you do owe them money. 

Reply by
sueqnola

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I had the same experience with Credit Karma stating I should open a new credit card to raise my score. I had a choice of 3. 2 had very good approval odds and the other good. I chose 1 with very good odds. Well, I was declined... My score went down of course and I've got a negative mark against me just for going with Credit Karma's recommendations. I realize they can't fully predict what the card company will approve but if they give me the highest odds of approval I kind of expected it to be true. Live and learn I guess... Credit Karma gets paid every time you use one of they're recommendations. Whether it be a credit card offer, loan or whatever else is offered. If you use they're site to do it they make a few bucks. That's how we get to use the site for free. I just wish they went with more accurate odds. It's odd to me that it's always Capital One with the highest yet Capital One won't even give me a secured card!!! 

A little bit of advice to anyone that is looking to get a credit card... Google whatever company you'd like to get one at and put pre approval after. EX.. Capital One Credit Card Pre Approved Page. Most companies have them. There's also some great sites that show you how to do the credit card trick... It worked for me. 

Oh, my credit isn't prefect but it's getting better. Trans 667 Equifax 645 I'm not really sure why either are so low though. I only have 1 collection, 1 auto loan in perfect standing, 3 department store cards with low balances and 2 major credit cards with nothing on them. I pay everything off every month. I also have a long history of credit... It is what it is I guess. Hope this helped at least someone :)

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sueqnola

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I had the same experience with Credit Karma stating I should open a new credit card to raise my score. I had a choice of 3. 2 had very good approval odds and the other good. I chose 1 with very good odds. Well, I was declined... My score went down of course and I've got a negative mark against me just for going with Credit Karma's recommendations. I realize they can't fully predict what the card company will approve but if they give me the highest odds of approval I kind of expected it to be true. Live and learn I guess... Credit Karma gets paid every time you use one of they're recommendations. Whether it be a credit card offer, loan or whatever else is offered. If you use they're site to do it they make a few bucks. That's how we get to use the site for free. I just wish they went with more accurate odds. It's odd to me that it's always Capital One with the highest yet Capital One won't even give me a secured card!!! 

A little bit of advice to anyone that is looking to get a credit card... Google whatever company you'd like to get one at and put pre approval after. EX.. Capital One Credit Card Pre Approved Page. Most companies have them. There's also some great sites that show you how to do the credit card trick... It worked for me. 

Oh, my credit isn't prefect but it's getting better. Trans 667 Equifax 645 I'm not really sure why either are so low though. I only have 1 collection, 1 auto loan in perfect standing, 3 department store cards with low balances and 2 major credit cards with nothing on them. I pay everything off every month. I also have a long history of credit... It is what it is I guess. Hope this helped at least someone :)

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