Reply
Established Contributor
Posts: 991
Registered: ‎05-14-2008
0

Re: Will I get a bad inquiry for requesting CLI?

[ Edited ]
That's good information on who and when they can do a hard pull.
 
Two years ago I bought a Lexus.  On the day I bought the car and financed it for 36 months the dealer did a hard pull prior to doing the paperwork for the loan.  Then, nine days later there was another hard pull from Toyota financial as the final loan documentation was done.  I assume there was a lag from the time I purchased the car and when the final paperwork was done by Toyota financial services.  So two hard pulls showed up on my credit report, one from the dealer and one from Toyota.  There isn't anything I could do about it and I don't think it dinged the score much.  


Message Edited by Watchmann on 06-22-2008 09:14 AM
Moderator Emeritus
Posts: 3,417
Registered: ‎12-27-2007
0

Re: Will I get a bad inquiry for requesting CLI?

Watchmann--
 
The 2nd inq would not have been counted and should have been seen as a de-duplicate within that time frame.
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Established Contributor
Posts: 991
Registered: ‎05-14-2008
0

Re: Will I get a bad inquiry for requesting CLI?

[ Edited ]
WhirledPeasPlease wrote--
 
The 2nd inq would not have been counted and should have been seen as a de-duplicate within that time frame.

------------------------
 
Perhaps, but my subsequent FICO reports showed two inquiries, nine days apart.  I conclude that although all inquires show up in the total count, the timing of them means it only counts as one on the FICO score.    
 
 
This is what showed up on one of my FICO reports in early 2007:
 
Inquiries

An inquiry indicates when a business, usually a lender, has checked your credit. The inquiries listed here are the number of times in the 12 months since the date of this report that a lender has checked your credit at TransUnion. These inquiries appear because you applied for credit with the listed company. Inquiries associated with applying for new credit are the only kind of inquiry that may hurt your FICO® score.

Inquiries affecting your FICO® score
Total: 2 Times
 
August 17, 2006 Toyota Motor Credit
August 08, 2006 Sterling McCall Lexus  




Message Edited by Watchmann on 06-22-2008 06:21 PM
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.