I WAS UNDER THE IMPRESSION WHEN I WENT FOR A LOAN FOR MY NEW TRUCK THAT I HAD AN 11 DAY WINDOW FOR THEM TO SHOW UP AS ONE INQUIRE. I RECENTLY CHECKED MY CRA AND EXPERIAN SHOWED THREE FOR ONE DAY EQUIFAX 2 FOR ONE DAY AND TRANS U SHOWED ONE.DO THESE EXTRA INQUIRES BRING DOWN MY FICO SCORE AND DO I HAVE ANY RECOURSE. THANX RED
As I understand it multiple auto loan requests within a 30 day period count as 1 inquiry that will affect your fico score (same for mortgage loans), even though all of them will show up on your report.
That is correct every INQ will report on the CR"s the dealership used you do have a 14 day window to do you rate shopping.If done in the 14 day period FICO will only count as 1 INQ toward your scores. Hope this helps .