Did you apply for financing with an automobile dealership only to find later that they created a zillion inquiries by shot-gunning out your name and social security number to a long list of possible lenders?
Did they fail to inform you that they would be pulling your credit report multiple times? And fail to get your permission to do that?
If so, here’s how to handle it:
1) If they are older than 10 to 12 months, ignore them. Inquiries only impact your score for the first 12 months, even though they stay on your report for 24 months.
2) If new and you want them removed, look online or in your auto paperwork to get the name of the Sales Manager. Then write to that person and say this:
On (date) I purchased a (kind of vehicle) from your dealership. The car is great and I was happy with my experience, except for one thing, which I want you to rectify. I did not give permission — nor was I informed — that the finance agent would shotgun my credit information out to multiple lenders, causing my credit report to have (how many) inquiries on my report. I did not authorize this! I was not asked permission! I was led to believe my credit report would be ordered only one time. Therefore, I need you to have your team delete the following erroneous inquiries from my credit report immediately:
1) name of loan company on your report
2) Next one
3) Continue with list
I will be looking for a quick and amicable reply, so I can continue being a fan of (name of dealership).
Sincerely,
your signature and contact
That should do it! Follow up with a phone call, if needed.
In case you aren’t aware, my new book with a ton of new valuable information and 27 new letters I wrote this year is available on Amazon. If you’re still on your credit restoration journey, you need this resource. See it here.
