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Established Member
Posts: 22
Registered: ‎06-16-2012
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Same Day Inquiries not counting as one? Its making it hard to rebuild.

I applied stupidly for alot of stuff on one day because i thought it would only count as one hit.... Isnt this the case? Is there any way to remove some of them?

 

May 14, 2012Cap1/Hsbc
May 14, 20121 Premier
May 14, 2012Cap One
May 14, 2012

Cbna

Community Leader
Epic Contributor
Posts: 27,058
Registered: ‎03-19-2007
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Re: Same Day Inquiries not counting as one? Its making it hard to rebuild.

The FICO algorithm will count multiple inquiries for mortgage and auto shopping made within a certain window as one inquiry.

If not auto or mortage, that "de-duping" does not apply. Yours appear to be for CCs.

 

That is purely a scoring matter.  It does not mean that each inquiry wont show in your CR.

Super Contributor
Posts: 9,668
Registered: ‎01-28-2010
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Re: Same Day Inquiries not counting as one? Its making it hard to rebuild.


RobertEG wrote:

The FICO algorithm will count multiple inquiries for mortgage and auto shopping made within a certain window as one inquiry.

If not auto or mortage, that "de-duping" does not apply. Yours appear to be for CCs.

 

That is purely a scoring matter.  It does not mean that each inquiry wont show in your CR.



+1.   Also student loan inquiries are only scored as one within a certain window.    All other inquiries, including credit card inquiries are scored individually by FICO.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

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