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does inquiry matters when applying for car loan

Established Contributor

does inquiry matters when applying for car loan

i am asking because all 3 of my CB have different # of inq.  EX - 14   EQ - 19   TU - 8

 

started rebuild in 2014 and all scores mid 500
01/14 - BOA secured card 02/14 - Cap 1 secured card
11/14 - Chase Freedom $4000 02/15 - Sallie Mae $2200
Feb 2015 Myfico
EQ: 703 TU: 661 EX: 668
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2 REPLIES
Frequent Contributor

Re: does inquiry matters when applying for car loan

They count in yoru scoring and risk model the same as they do with any other type of lending.

Some lenders are more sensitive to inquiries than others, so if your application is presented to a lender who is sensitive to inquiries and you have too many to suit them, they will decline.  Doesn't mean all lenders will refuse, but yes, they do count as much in auto lending as in any other sort of credit seeking.

Message 2 of 3
Regular Contributor

Re: does inquiry matters when applying for car loan

am wondering which lenders are perticular ........and who are not ....hummmm

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