Established Member
hyd12
Posts: 15
Registered: ‎08-09-2012
Credit Inquiries Merging

‎10-07-2012 06:58 AM

Hello,

 

I read somewhere that when you shop around for car or mortgage loans, the inquiries made during a month will be merged as one inquiry.

 

I had two mortgage loan inquiries, one on 8/17/12 and one on 9/5/12 and when I checked my transunion report on 10/5/12,  I saw them as two inquiries. 

 

My question is, is it showing two inquiries only to me as a consumer or will it be the same to creditors. Should I dispute the record?

 

I appreciate any help and thanks in advance.

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Regular Contributor
apandabear
Posts: 186
Registered: ‎03-15-2012
Re: Credit Inquiries Merging

‎10-07-2012 08:59 AM

They won't merge into one inquiry. In FICO scoring models, they are scored as one inquiry, as long as they are coded the same (for auto loan purposes) and within a 45-day period.

 

Everyone will see 2 inquiries, including you and any creditors that see your report. But when it comes to your FICO score, the two inquiries will only be counted once.

Not currently watching my FICO or FAKO scores
Nov 2012 FICO - EQ 646 (myFICO SW), 655 (Lender Pull)

Left the garden in Nov 2012 to buy a Prius c and a new living room set!
Back in the garden until it's time to buy a house... 2014?
(301 Views)
 
Established Member
hyd12
Posts: 15
Registered: ‎08-09-2012
Re: Credit Inquiries Merging

‎10-07-2012 09:53 AM

Thank you very much for the response.

(285 Views)