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loan shopping & fico deduplication

Senior Contributor

loan shopping & fico deduplication

ok scenario,
 
a poster app'd an auto loan at nfcu, they pulled ex and eq. approved.
 
next day, additional pulls on ex and eq. now a total of 4 pulls!
 
since fico doesn't hold cu issued cc's in as high esteme as bank issued cc's, will fico see this as auto loan shopping and deduplicate, or since it's a cu pull will fico just start deducting points?
Message 1 of 14
13 REPLIES
Valued Contributor

Re: loan shopping & fico deduplication

What a GREAT question, Ducky! Smiley Wink
Message 2 of 14
Moderator Emeritus

Re: loan shopping & fico deduplication

Number of INQ's and De-duplication of scores are IMO 2 different things-
 
The example you gave in score count as 1 each-
 
I have 5 Amex INQ's on EX from June to March- only 1 counts in scoring-
 
INQ's from the same source de-duplicate in scoring

dnm45227 wrote:
ok scenario,
 
a poster app'd an auto loan at nfcu, they pulled ex and eq. approved.
 
next day, additional pulls on ex and eq. now a total of 4 pulls!
 
since fico doesn't hold cu issued cc's in as high esteme as bank issued cc's, will fico see this as auto loan shopping and deduplicate, or since it's a cu pull will fico just start deducting points?



Message 3 of 14
Senior Contributor

Re: loan shopping & fico deduplication

saw fused pointed you in the right direction, hope you get it worked out. given nfcu's awesome cs rep, maybe a call could get them to verify, code, or recode properly.
Message 4 of 14
Senior Contributor

Re: loan shopping & fico deduplication



Timothy wrote:
 
 
I have 5 Amex INQ's on EX from June to March- only 1 counts in scoring-
 
 



i had no idea the dedup window was that broad!
Message 5 of 14
Moderator Emeritus

Re: loan shopping & fico deduplication

I have 11 INQ's on EX- in the last 12 months
 
Anyone guess how many are taken into account in my score?
- 4
 
• CBSD/UFC Date:   March 25, 2008
 
• AMEX    Date:   March 18, 2008
 
• CAP ONE    Date:   March 18, 2008
 
• WASH MUTUAL/PROVIDIAN    Date:   February 7, 2008
 
• AMEX Date:   January 14, 2008
 
• AMEX Date:   December 20, 2007
 
• ARIZONA FCU Date:   December 20, 2007
 
• ARIZONA FCU Date:   October 10, 2007
 
• ARIZONA FCU Date:   July 7, 2007
 
• CHRISTIAN COMM CU/LSI    Date:   June 25, 2007
 
• AMEX Date:   June 22, 2007
 
 


Message Edited by Timothy on 03-31-2008 09:39 PM
Message 6 of 14
Moderator Emeritus

Re: loan shopping & fico deduplication

Well the de-dup window is wide-
But the Hit just takes longer to revover from-
 
Instead of getting those points back in June- I will need to wait until March !!!!!!!!

dnm45227 wrote:


Timothy wrote:
 
 
I have 5 Amex INQ's on EX from June to March- only 1 counts in scoring-
 
 



i had no idea the dedup window was that broad!



Message 7 of 14
Senior Contributor

Re: loan shopping & fico deduplication

so it seems the dedup window is the full year? btw i count 5 sources how does that add up to 4?
 


Timothy wrote:
I have 12 INQ's on EX- in the last 12 months
 
Anyone guess how many are taken into account in my score?
- 4
 
• CBSD/UFC Date:   March 25, 2008
 
• AMEX    Date:   March 18, 2008
 
• CAP ONE    Date:   March 18, 2008
 
• WASH MUTUAL/PROVIDIAN    Date:   February 7, 2008 
 
• CHRISTIAN COMM CU/LSI    Date:   June 25, 2007
 
 



Message 8 of 14
Valued Contributor

Re: loan shopping & fico deduplication

timothy,
How do you KNOW they only count as four? Is there somewhere I can look at mine & see how they are counted???
Message 9 of 14
Moderator Emeritus

Re: loan shopping & fico deduplication

opps 5-

dnm45227 wrote:
so it seems the dedup window is the full year? btw i count 5 sources how does that add up to 4?
 


Timothy wrote:
I have 12 INQ's on EX- in the last 12 months
 
Anyone guess how many are taken into account in my score?
- 4
 
• CBSD/UFC Date:   March 25, 2008
 
• AMEX    Date:   March 18, 2008
 
• CAP ONE    Date:   March 18, 2008
 
• WASH MUTUAL/PROVIDIAN    Date:   February 7, 2008 
 
• CHRISTIAN COMM CU/LSI    Date:   June 25, 2007
 
 






Message 10 of 14