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Posted in Auto Loans
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Question By
Mstimely

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So with 22 hard inquiries by car dealers I basically can't buy a car anymore, wtf?

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22 inquiries?!?!!! They must have searched every possible option in an attempt to get financing for you and came up blank!  You should be sent a copy of the credit rejection information from the dealer and that should show what caused the problem and which credit bureau provided the information.  Correcting the problems would be the first step, then building your credit score so that you can buy a car.   Please re-read the articles provided on this site and proceed from there.  Until this is corrected, you will have to save up to buy a car or expect to pay very high interest rates should you be given any financing.  It's going to take some time, but is sure worth it.  I know because I couldn't have financed a car 11 years ago and just got one at a low interest rate.

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11 years is a ridiculous wait, I have corrected all inaccuracies and paid off all outstanding debt. The credit reporting agencies still, months later have not made the correction, hard inquiries take two plus years...outstandingly ridiculous. Why should inquiries be judged at all? Only relevant factors like available income and debt ratio should be, not if someone just inquiries if you are credit worthy. Sad and the very reason people hate the credit "industry" scum.

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