How do inquiries within 30 days count as one?
11-08-2012 04:00 PM
Is this a FICO rule, or is it the same with the individual CRAs? Meaning, if I'm loan shopping and I get 4 auto loan inquiries in a week, will EQ drop my score 10 pts each time like they are currently doing? Or will I just see one 10 pt. drop? Or is it just FICO that will not penalize me when it calculates my score?
How does the scoring know - is there a code that companies must enter when they do an inquiry that indicates it for an auto loan?
I'm about to try about 3 different places to get a rate and I'm kinda scared of what its going to do to my score!