How bad does it hurt?

[psuicyde king]

I've had two recent issues with my credit. Anyone have any insight into how bad it would hurt my credit score?

I had a 780 this fall with Experian. I just got a car loan this weekend and the credit union said I had a 670 with Equifax!!

One car dealer ran my credit without my approval and racked up 5 credit inquiries. Is there anything I can do about that?

I have a credit with an annual fee from a few years ago. The banked waived my fee for 2 years. I don't use the card much, and this year I forgot to check it and had one month delinquent since I forgot to pay the charge for the annual fee. Think the bank might take that off due to my 4 years of good history?

[poundwise]

Originally Posted by psuicyde king

I had a 780 this fall with Experian. I just got a car loan this weekend and the credit union said I had a 670 with Equifax!

That's quite a spread but it is not unusual for one credit bureau's information, and therefore the score generated, to be substantially different than another. This is why it is important to check all three reports for errors.

Originally Posted by psuicyde king

One car dealer ran my credit without my approval and racked up 5 credit inquiries. Is there anything I can do about that?

Not really. However, you can take heart in that those credit inquiries will not hurt you very much. For one, inquires (to a point) don't count against you very much. Secondly, in this case, the five will really only count as one since the credit scoring model takes into account that multiple inquires in a short time-frame indicates shopping for a loan/credit for things like auto loans or mortgages. SOURCE

Originally Posted by psuicyde king

I have a credit with an annual fee from a few years ago. The banked waived my fee for 2 years. I don't use the card much, and this year I forgot to check it and had one month delinquent since I forgot to pay the charge for the annual fee. Think the bank might take that off due to my 4 years of good history?

If you mean take off a late charge, then maybe. It certainly doesn't hurt to call and ask. If you mean to show something different on your credit report than what they have reported, probably not. Does this even show up on your report? Were you 30 days late?

[psuicyde king]

Originally Posted by poundwise

If you mean take off a late charge, then maybe. It certainly doesn't hurt to call and ask. If you mean to show something different on your credit report than what they have reported, probably not. Does this even show up on your report? Were you 30 days late?

I do mean take it off my credit report. It, unfortunately, was over 30 days late. My first flaw in over 10 years.

[Alex_Adviser]

Inquiries that are made because of an application you made for credit are the ones that affect your score. These voluntary, or "hard", inquiries are the only credit inquiries that count towards your credit score.

[boosami]

Originally Posted by psuicyde king

One car dealer ran my credit without my approval and racked up 5 credit inquiries. Is there anything I can do about that?

If it was run without your approval, that is a violation of the Fair Credit Reporting Act. Write a letter or dispute it online with the bureaus. Multiple pulls like that are counted as 1 pull not 5 on your report though to allow for rate shopping. So, it only counts as 1 pull. Anyway, if you did not authorize it, it should be disputed. How did they get your social security number to run your credit?

Originally Posted by psuicyde king

I have a credit with an annual fee from a few years ago. The banked waived my fee for 2 years. I don't use the card much, and this year I forgot to check it and had one month delinquent since I forgot to pay the charge for the annual fee. Think the bank might take that off due to my 4 years of good history?

There's a good chance. Write a letter to the bank about how happy you have been with them over the years, how that has been your first mistake, and wonder if they'd be willing to forgive it. Just explain the situation and politely ask. If they agree to remove it, then dispute it with the credit bureaus and it will be removed.