Posts: 230
Registered: ‎10-01-2012
How do inquiries within 30 days count as one?

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!