inquiries

sarkell — Mon, 11 Mar 2013 13:15:54 GMT

My experian has 5 inquiries but only 2 from the past twelve months its one of the negstives when analyzed.

Then equifax 7 from last two years but only 3 last twelce months 3 of 7 are utility companys all over a year of the recent 2 are auto pulls same dealership pulls twice or equifax. How does this affect me should I wait until less. I know fico only a year right?

If I apply get denied due to too many inq a mr would help right?

Re: inquiries

llecs — Mon, 11 Mar 2013 14:59:27 GMT

@sarkell wrote:
My experian has 5 inquiries but only 2 from the past twelve months its one of the negstives when analyzed.

Then equifax 7 from last two years but only 3 last twelce months 3 of 7 are utility companys all over a year of the recent 2 are auto pulls same dealership pulls twice or equifax. How does this affect me should I wait until less. I know fico only a year right?

If I apply get denied due to too many inq a mr would help right?

mr?

FICO ignores all inquiries beyond a year old. FICO will also ignore all duplicate inquiries each for SLs, mortgage loans, and auto inquiries if said inquiries reported within a given time frame. That time frame varies by FICO version and is anywhere from 14-45 days, with new FICO versions pushing at 45 days. So, you can apply 99 times in 2 weeks for a car and FICO will only score one.

FICO aside, lenders have their own standards and can choose whether or not to factor in duplicate inquiries or even inquiries beyond a year. IME, most lenders didn't care beyond 6 mo, but that certainly varies I bet.

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inquiries

Re: inquiries