Letter to dealership for auto loan inq's

[Anonymous]

Looked under Freq Req Threads & didn't see a letter to send to a car dealership that threw inq's all over while we were auto loan shopping. Does anyone have a link to the letter we should send for this circumstance?

[llecs]

I haven't seen the letter, but I think you'd have to contact each individual creditor.

However, for FICO scoring purposes, all inquiries within 45 or 60 days (forgot which) are counted as one inquiry. It is expected that a consumer will rate shop for a better deal. Same goes for a house.

[Anonymous]

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llecs wrote:

I haven't seen the letter, but I think you'd have to contact each individual creditor.

However, for FICO scoring purposes, all inquiries within 45 or 60 days (forgot which) are counted as one inquiry. It is expected that a consumer will rate shop for a better deal. Same goes for a house.

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I think it supposed to be still 30 days. 45-60 is for the new fico 08 which is not out yet.

Not positive but am pretty sure I saw this on here.

[llecs]

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zman wrote:

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llecs wrote:

I haven't seen the letter, but I think you'd have to contact each individual creditor.

However, for FICO scoring purposes, all inquiries within 45 or 60 days (forgot which) are counted as one inquiry. It is expected that a consumer will rate shop for a better deal. Same goes for a house.

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I think it supposed to be still 30 days. 45-60 is for the new fico 08 which is not out yet.

Not positive but am pretty sure I saw this on here.

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You know what?! I don't know. The Credit Education tab above says it was 14 days, then it got changed to 30 days. It also mentions the newer formula as factoring in 45 days. So, either 30 or 45.

[Anonymous]

14, 30 or 45 -- depends on which scoring formula (the edition not for which bureaus) the creditor uses....

I'm not sure the creditor knows which edition and what it counts.