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Are all hard inquiries created equal?

Frequent Contributor

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?

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3 REPLIES
Valued Contributor

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.

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 2 of 4
Moderator Emeritus

Re: Are all hard inquiries created equal?

Vish is pretty much right.

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New Contributor

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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