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Inquiries and credit score

Valued Member

Inquiries and credit score

Hi All... I plan to purchase a car in about 3 weeks give or take. I would like to secure financing prior to getting to the dealer and have about 3 places in mind. Will they all count as 1 inquiry since it is for a car loan or will they all count as one hard inquiry and lower my score?

TU FAKO 5/2013 605 6/2013 617
EQ FICO 5/2013 535 6/2013 623
BK7 Filed 3/29/13
Score Goal:715
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2 REPLIES
Moderator Emeritus

Re: Inquiries and credit score

If coded as an auto loan, FICO will ignore all but one auto inquiry within a given CRA within a given time frame and won't score that inquiry until the duplication window ends (14-45 days depending on the score version). 

Message 2 of 3
New Member

Re: Inquiries and credit score

I wish I would have known this because I went for 3 personal loans for a car and am now going thorough few car lots that work with bad credit.  I am hoping to get something soon and start paying it off

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