I'm cleaning up hard inquiries and write a series of letters to everyone I can get an address on. Got an immediate reply from CREDCO. They're saying the inquiry was originated from the Honda dealer when I applied for a loan. They are also telling me I should file a statement to be posted w/each of the CRAs. Huh? They also tell me to get in touch w/the dealer and essentially, send them the same note I sent CREDCO and if the dealer sends CREDCO a letter on their stationary with a "valid reason for the deletion", then CREDCO will delete the inquiry. I'm really confused here... I thought the process here was for the originator of the inquiry to prove my approval for an inquiry. Clearly, they have nothing w/my signature, just the ability to point to another party and say "talk to them - they did it!" Can anyone suggest a clear, concise letter to tell them they're not complying w/the law? Or is it not needed, do I already have them on non-compliance and can I get them fined? In this case, I've got FIVE companies generating EIGHT hard inquiries for one damned loan. ANY suggestions are appreciated in handling this passing of the buck.
When you applied at the Honda Dealership your application "probably" OK'd them to shop you around to other finance companies. If you signed that app, you basically gave Credco a permissable purpose to pull your report.
So one path is to write the dealer (list on the report) the same note to validate the request. If they don't produce it, I'm all set - or am I? If they do, I can look over what it said.
