Joe Machens Toyota Finance Dept in all dealerships Running your credit to death Columbia Missouri

Okay first off if this dealer screwed you 2 1/2 years ago, why would you go back to them to get another car?

Beyond that just some things you should be aware of for the future.

If you are truly looking for a house you should NOT be looking for a car as even if you got the car and a new loan it lowers your score.  In fact even something as simple as opening a store credit card could cause you to go from getting approved to denied for a loan.

Now onto the credit.  A "good" finance manager knows based on your application what banks will probably approve you, and probably have to send it to only a couple.  There is no reason for a finance manager to send it to 40+ lenders..unless there is more to this story.  There is no logical reason a finance manager would send it to 40 for the sole purpose of requiring you to buy from them.  Because all they are doing is causing you to get less favorable terms and more likely that you won't get a car..thus loosing them a sale.

Now, just about every scoring system only counts inquiries for 10% of your total score and even in a worst case scenario that is somewhere between 80-99 points depending on the most popular systems(and the ones that the banks and lenders will use).  So if you got a 120 "ding" there IS more.  In addition even though you are married the chances of you having the EXACT same credit report is very..very..slim.  So it is again unlikely that both of you had the same point drop.   You then have another little item about credit scoring.  The various methods allow for what is known as "rate" shopping.  That is they will treat all inquiries within a couple of weeks as a SINGLE inquiry, meaning at most with no other factors only a few point "ding".

One other item.  You can attempt to remove the inquires by sending in a dispute to the Credit Reporting Agencies as stating you didn't authorize that many.