topic Re: Double Dip When Car Shopping? in Understanding FICO® Scoring

Double Dip When Car Shopping?

ryder32244 — Sat, 22 Aug 2020 23:10:30 GMT

Im motorcycle shopping right now and I had to put in a few applications to get the best rate. I know they will lump as one inquiry, but I was wondering if apply for credit cards at the banks that use the same credit pull, am I saving a credit pull?

Meaning, if I apply at Penfed, Vystar, DCU, etc for the auto loan, since they use the same report for x number of days if you apply for another product, can I just ask for a card and it still be lumped in to my car inquires because thats what I orginally applied for?

Apologies if I am not clear, english is not in my top 3 languages

Re: Double Dip When Car Shopping?

Anonymous — Sat, 22 Aug 2020 23:28:15 GMT

Could apply for the auto loans and ask them if they'll be able to use the same pull for CCs. Probably will be manually reviewed

Re: Double Dip When Car Shopping?

Anonymous — Sun, 23 Aug 2020 03:56:38 GMT

I don't think this would work. They should be different HPs since they are different applications for credit. I wouldn't count on them using the same one, especially since they are very different products. They are also quite likely to use different scoring models for different product types.