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Frequent Contributor
gangof4
Posts: 310
Registered: ‎07-19-2010
0

Are all hard inquiries created equal?

Do CRA's weigh hard inquiries differently?  Surely an inquiry from T-Mobile or Direct TV do not count the same as an inquiry from Ford Motor Credit or Macy's?

Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011
0

Re: Are all hard inquiries created equal?

For scoring, they are all the same, you may be able to explain them in a manual review (say recon) as long as you don't have a lot of them.

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Moderator Emeritus
fused
Posts: 16,336
Registered: ‎03-12-2007
0

Re: Are all hard inquiries created equal?

Vish is pretty much right.

Credit Profile -
FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K
New Contributor
jason10
Posts: 50
Registered: ‎02-12-2011
0

Re: Are all hard inquiries created equal?

With the exception that multiple inquiries for an auto loan, student loan or mortgage within a 45 day period only count as a single inquiry for scoring purposes. Thus, you can shop for the best rates without fear of hurting your FICO score.


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