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and it took like 9 inquiries so far, as the dealer was trying to beat my outside financing. So far I have seen no negative score drops but positive increases- 3-4 on equifax and 25 points up on experian. But, I once heard that within a time frame multiple inquiries while car shopping counts as one. So please explain this to me, do they all fall off and the only one I used stay? Thanks
I just bought a car three weeks ago. I had, if I remember correctly 11 or 12 inquiries. They don't fall off, but I am understanding from the forum that they are considered as one because it is obvious it is car shopping. I am hoping someone more knowledgable will chime in and enlighten us.
As far as I understand, the automated scoring would only count them as one if they're coded correctly and they're not most of the time (they mostly just end up coded as regular inquiries); however, this should not really end up being a problem on manual review.
@DantGwyrdd wrote:As far as I understand, the automated scoring would only count them as one if they're coded correctly and they're not most of the time (they mostly just end up coded as regular inquiries); however, this should not really end up being a problem on manual review.
Correct if coded correctly they count as 1 for Fico scoring if done within a 2 week period, they all remain on file for 2 years.