To allow one to car shop and house hunt, a group of inquiries within "a window of time" are supposed to not count against you in the way that a bunch of CC inquiries would. However, the argument is not persuasive to me. Inquiries are inquiries. Either hard or soft. Name, address and date. They aren't qualified as for a car loan, home loan, CC, or LOC at a Bed, Breakfast and Brothel.
All that said, EQ inquiries can get deleted with relative ease. EX is about impossible without serious intimidation or threat of lawsuit. TU is in the middle on the difficulty scale.
Its true. FICO knows somehow. I can only assume it has to do with the classification of the business or inquiry itself. Can't say for sure.
Noah_Bodie wrote:If it's a human being looking at one's report, then I agree with you they are likely to consider the circumstance. 15-20 inquiries in a short window while one was car shopping is no biggie. Even spread out over 3 months, the home loan officer will be OK with the fact that one took 3 months to find the right car and the right deal, IMHO.But built into the FICO scoring model? Not buying it. If the inquiry was qualified in some way on one's reports, with a high level category, or if some high level category were stored and not reported on the consumer's report, then OK.How can FICO scoring possibly know the difference between 15 inquiries from car dealers and car loan fiance companies, versus 15 inquiries from CC companies?BB&Bs offer a variety of services, or so I've been told.
I've got a strange one. Scottrade is listed on my Equifax as both a hard and a soft pull. Both are listed on the same date.