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Valued Member
darkknight74
Posts: 35
Registered: ‎12-09-2012

Starting the process soon...

Was getting items on my report cleaned up and fixed... recently bought a new car and saw alot of hard pulls from diffrent car finance places all with in 30 days... do morgage  or underwriting people ignore multi pulls like that? 

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Lel
Posts: 5,268
Registered: ‎03-18-2008

Re: Starting the process soon...


darkknight74 wrote:

Was getting items on my report cleaned up and fixed... recently bought a new car and saw alot of hard pulls from diffrent car finance places all with in 30 days... do morgage  or underwriting people ignore multi pulls like that? 


The short answer is yes, the underwriter should understand that the multiple credit inquiries were for the purpose of loan shopping - something that people do with mortgages as well.  In addition, the FICO score formula "de-duplicates" these inquiries, so even if you have 3 dozen inquiries within a short period of time, they will only be scored as a single inquiry.

Valued Member
darkknight74
Posts: 35
Registered: ‎12-09-2012

Re: Starting the process soon...

Thanks for the heads up, these fourms are awesome this process is so confusing... 

Senior Contributor
drkaje
Posts: 3,482
Registered: ‎07-25-2008

Re: Starting the process soon...

If you have any unresolved or unsuccessful disputes on your credit file, have them removed.


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