Grumbleshark

3 Contributions 6 People Helped

Member Since: September 2009

Most Helpful Contribution

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

Jun 27, 2011
Helpful to 6 out of 6 people

Dear Moderator, I'm confused, please advise. You said about auto loan inquiries:

"the inquiries have to happen within a specific time frame usually 30-90 days. Secondly, the inquiries will all appear on your report. However, they will only be counted as one if they are within the right time frame."

I aggressively shopped around for car loans well within 30 days' time before I bought my new car. However, ALL of these inquiries showed up separately (8 instead of 1) on my credit report, and as a result I have a VERY BAD inquiry score!!!! Why??? It doesn't seem fair, and what can I do to get this fixed?? Thanks for any help.... ~Meech

Activity (3 Total Contributions)

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

Jun 27, 2011
Helpful to 6 out of 6 people

Dear Moderator, I'm confused, please advise. You said about auto loan inquiries:

"the inquiries have to happen within a specific time frame usually 30-90 days. Secondly, the inquiries will all appear on your report. However, they will only be counted as one if they are within the right time frame."

I aggressively shopped around for car loans well within 30 days' time before I bought my new car. However, ALL of these inquiries showed up separately (8 instead of 1) on my credit report, and as a result I have a VERY BAD inquiry score!!!! Why??? It doesn't seem fair, and what can I do to get this fixed?? Thanks for any help.... ~Meech

0% on time payments

Aug 14, 2012

I'm experiencing the same thing. Seemingly overnight, my "On Time Payments" went from 100% to 0%, causing a drop in my Transrisk score from 742 to 676. Now, obviously something is wrong here; my Transunion and Experian reports are stellar. Seems like a CreditKarma issue.

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

Sep 03, 2010

Hi JayRizzo, thank you :)

Is there any way that I can remedy this now, by sending in a request for review or something like that?