sdb0214

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Member Since: August 2016

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

Sep 19, 2016
Auto loan inquiries

My car dealer evidently sent 7 inquiries en masse out at the same time on the same day for my car loan. I had no idea he did that until I saw my Credit Karma rating. One of the seven offered the best deal and a loan was made the same day. But all 7 inquires are counted on my credit rating and are hurting it. These were all for the very same loan. Even in this community, you've said time and again, it shouldn't do that. Can I change it or correct it somehow? My car loan was my ONLY loan inquiry in forever.