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Posted in Auto Loans
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summerr58

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how do you remove inquiries
got a car loan, but, tried with my daughter as a co signer, she had bad credit, once she was taken off I was approved and left with many hard iquiries.

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Write this up as a Lesson Learned!

You Signed on the Dotted Line giving them access to look for the best loan for you and they called everyone up asking. 

There is nothing that you can do, damage is done for the for now.   

You might see your scrore jump back a bit after 6 months,  then after 1 year and then when they drop off after 2 years.

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Not much you can do about it, Hard Inquiries only remain on your reports for two years, so that should be a little bit of good news. They only really cause damage for a year and the damage is only minimal per inquiry. If the lenders entered the info correctly when doing the credit pull and if all the inquiries were done within a short period of time, they will only be counted as one inquiry for scoring purposes by most scoring systems. The multiple inquiry counted as one deal when done within a short period of time is for mortgage, student and auto loans only. Even though the are counted as one, you will still see all of them listed. The time window varies among scoring systems, but figure a fourteen day window is good to stay in.

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