topic Re: How Will These INQ Be Counted? in General Credit Topics

How Will These INQ Be Counted?

JagerBombs89 — Sun, 01 Jan 2012 21:31:34 GMT

Looking at my Credit Report via USAA Monitoring and was wondering if these 2 inquires are going to be scored as an auto or will they be scored as individual. I bought a car back in August from Nissan.

TransUnion®
Business Name			NISSAN MOTOR
Inquiry Date			8/19/2011
Business Type			Finance other than personal

TransUnion®
Business Name		         	ANCIRA NISSA
Inquiry Date		        	8/18/2011
Business Type		         	Automotive

Re: How Will These INQ Be Counted?

Anonymous — Sun, 01 Jan 2012 22:08:02 GMT

All auto inquiries over a certain amount of time are considered one inquiry. I would say it will count as just one,

Re: How Will These INQ Be Counted?

pizzadude — Mon, 02 Jan 2012 00:42:39 GMT

It depends if FICO is smart enough to interpret the first "Nissan Motor" inquiry as automotive based. Since the Business Type listed is Finance other than personal, I guess it is possible that they might actually be counted as two inquiries. I hope not though....

Re: How Will These INQ Be Counted?

RobertEG — Mon, 02 Jan 2012 01:06:22 GMT

It will depend upon the type of permissible purpose inquiry code that each reported. If correctly reported as auto-related, they will count as one.

Re: How Will These INQ Be Counted?

JagerBombs89 — Mon, 02 Jan 2012 02:23:39 GMT

@pizzadude wrote:

It depends if FICO is smart enough to interpret the first "Nissan Motor" inquiry as automotive based. Since the Business Type listed is Finance other than personal, I guess it is possible that they might actually be counted as two inquiries. I hope not though....

This is what I was thinking... Hopefully this is not the case.

Re: How Will These INQ Be Counted?

LS2982 — Mon, 02 Jan 2012 02:31:36 GMT

@JagerBombs89 wrote:
Looking at my Credit Report via USAA Monitoring and was wondering if these 2 inquires are going to be scored as an auto or will they be scored as individual. I bought a car back in August from Nissan.
TransUnion®
Business Name			NISSAN MOTOR
Inquiry Date			8/19/2011
Business Type			Finance other than personal

TransUnion®
Business Name		         	ANCIRA NISSA
Inquiry Date		        	8/18/2011
Business Type		         	Automotive

as just 1.