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rdc530

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asked for loan got 15 hard hits for one place. Why did i get 15 for 1?
Can they be taken off? I have good credit, but with the hits that was put on there through one hard inquire, messed getting the $32,000 loan that we needed.

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Most likely the place that you submitted your info to apply for the loan was not a lender, but a third party or "middleman" and they then submitted your info to many different lenders and that is how you ended up with multiple inquiries, most likely when you submitted your info you agreed to have your credit pulled. If you did not agree to have your credit pulled then you can dispute the inquiries, but unfortunately you probably agreed to it and there is nothing you can do to remove the inquiries. The good news is that inquiries only remain on your reports for 2 years. If this loan was for an auto loan, student loan or mortgage, the FICO scoring system will score all of them as just 1 inquiry if done within a short period of time and if labeled correctly by the lenders. Any other credit inquiries will be counted individually (ex. credit card apps, personal loans, etc.)

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In addition to what I've already said, if you get denied for credit based upon the mulitiple inquiries, ask the lender for a reconsideration and explain to them how/why you ended up with so many recent inquiries. Never be afraid to call up a lender and ask for reconsideration if they deny you for credit.

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