Key Takeaway
Hard inquiries can cost $15,000–$80,000 over a lifetime. Each unauthorized inquiry can drop scores 5–25 points. Professional legal removal succeeds around 87% of the time versus low DIY success rates.
The $67,000 Hard Inquiry Mistake That Destroyed Sarah's Home Dream
Sarah from Brisbane thought she was being smart by shopping around for home loan rates. She submitted applications to eight lenders for her $450,000 first home.
What she didn't realize: each application triggered a hard inquiry that stacked up on her credit file, quietly eroding her borrowing power.
The Score Collapse
- 1st inquiry: 734 (excellent)
- 3rd inquiry: 712 (good)
- 5th inquiry: 689 (average)
- 8th inquiry: 667 (fair)
Concerned About Hard Inquiries on Your Credit?
Our legal team has an 87% success rate removing unauthorized inquiries.
The Real Financial Damage
- Prime rate lost: 3.2%
- Approved rate: 4.7%
- Extra interest: +1.5%
- Lifetime cost: ~$67,000
Professional Intervention Result
Australian Credit Solutions identified six inquiries that violated Privacy Act 1988 consent rules. Legal challenges removed five entries, restoring Sarah's score to 729 and unlocking a prime mortgage rate.
"Those inquiries weren't just numbers. They were destroying my entire homeownership plan."
— Sarah, Brisbane
The Legal Rules Around Hard Inquiries in Australia
- Clear written consent is required
- The purpose of the inquiry must be disclosed
- Consumers must be allowed to decline
- Lenders must retain proof of authorization
Frequently Asked Questions
What Our Clients Say
928+ verified reviews from real clients
"After struggling with credit issues for years, I finally found a solution. The team's expertise and professionalism made the whole process smooth and stress-free."
"Had a default from a dispute with a telco that was unfair. Australian Credit Solutions got it removed and my credit score jumped significantly. Amazing service!"
"Professional, efficient, and they delivered exactly what they promised. My credit score improved significantly and I was able to refinance my mortgage at a much better rate."
"From the first phone call, I knew I was in good hands. The team was knowledgeable, patient, and achieved exactly what they said they would. Five stars!"
Elisa Rothschild
(BA/LLB)Principal Lawyer & Director
With over 12 years of experience in credit law, Elisa has helped thousands of Australians remove unfair credit listings and rebuild their financial futures. She leads Australian Credit Solutions' legal team with a focus on consumer advocacy and regulatory compliance.
Need help with your credit file? Get expert advice from our team.
Get Your Free AssessmentRelated Services
Professional solutions for your credit issues
Don't Wait - Credit Issues Get Worse Over Time
Every day you wait can cost you opportunities. Get professional help now.