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I recently went to buy a new car at a ford dealership but was unable to get a loan due to having no credit at all.Now I'm working on building my credit up but I see 4 hard inquiries that were made by the ford company.It seems to me when 1 place turned them down they went to another. Is there anything I can do to fix this or am I stuck with it for 2 years ? and how will this effect me when I get my score up and decide to buy a new car again ?
car dealership and hard inquiries
Usually hard inquiries remain on your credit report for 2 years. It affects your credit score adversely. If you want to know how to remove hard inquiries from your credit report and how this effect your credit score, then glance through the following link:
“http://creditcardforum.com/blog/how-long-do-credit-inquiries-stay-on-yo…€
“http://www.creditinfocenter.com/repair/inqerase.shtmlâ€