topic Re: Are all hard inquiries created equal? in Credit Cards

Are all hard inquiries created equal?

Anonymous — Thu, 05 May 2011 23:59:29 GMT

Do CRA's weigh hard inquiries differently? Surely an inquiry from T-Mobile or Direct TV do not count the same as an inquiry from Ford Motor Credit or Macy's?

Re: Are all hard inquiries created equal?

vish1 — Fri, 06 May 2011 00:09:00 GMT

For scoring, they are all the same, you may be able to explain them in a manual review (say recon) as long as you don't have a lot of them.

Re: Are all hard inquiries created equal?

fused — Fri, 06 May 2011 05:49:18 GMT

Vish is pretty much right.

Re: Are all hard inquiries created equal?

jason10 — Fri, 06 May 2011 13:44:31 GMT

With the exception that multiple inquiries for an auto loan, student loan or mortgage within a 45 day period only count as a single inquiry for scoring purposes. Thus, you can shop for the best rates without fear of hurting your FICO score.