Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
mykmyk369

0 Contributions
0 People Helped
If I shop at one dealership and buy from that one, why do I have 3 hard inquires the same day?
bought car but authorized for one inquiry.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1231 Contributions
1729 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

I'd say you were lucky for only walked away with 3 inquiries and not 13... If you think you only authorized for one than you should contact that particular dealership, since they were the one handling the transaction and not Credit Bureaus or Credit Karma.

Top Contributor
495 Contributions
213 People Helped

Answered many times on boards

1) Read what you sign

2) You would have seen that you gave the dealership the authorization to shop a loan for you.

3) This means they are going to apply to several lenders to try to get you the best rate

4) They were done on day so this means score models will lump all those inquiries and consider them just one for scoring purposes.

If you would have taken a bit of time to read on these boards you would see this is asked weekly, if not almost daily,  on the boards.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.