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Posted in Auto Loans
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CHRIST1749

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Too many hard inquiries, but not told the loan was denied by any institutions
6 hard inquiries and not once told he was denied. Now four months later, his score is destroyed and he didn't even know they did that many hits on the credit!

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Too many hard hits

The question is, is it legal for a car dealership to have so many hard inquiries without telling the consumer he has been denied even once?  If legal, is there any way to get rid of the negative impact on the credit score before 2 years? 

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Car dealership inquiries are lumped together and are counted as 1. Dealers run mult inquiries in order to get the consumer and the dealer the best rates. This is standard UN:ESS you go to a dealer with financing already sorted out. This won't destroy credit...there is something else going on you're not telling us.

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Yeah, something's up... a hard inquiry normally knocks 3 points off your score, and that's it. Most lenders will actually look at the reports, and if there's a gaggle of inquiries around the same time, they usually dismiss some of it (for the reason listed above, or because a lot of folks like to go shopping for the best rates, e.g. mortgage lenders). 

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