I care deeply about my FICO score and had I know this would happen I would never have "Rate shopped." I was looking for a new car to buy and wanted to get the best deal around so filled out several car applications. I was Rate shopping, at least I thought. When I checked my credit the only inquiries I saw was the ones for car shopping, but they were all listed. It is not like I was trying to buy a car for every credit hit I took plus I always read rate shopping is ok. The pathetic thing is 2 of the inquiries were for back to back days for the SAME COMPANY.
Heres the question. Is there a very specific way to "RATE SHOP" so that it truely counts as one inquiry? Why did every inquirey count if it all happened within the 2 week span. What can I do to fix this? I finally decided not to buy a car anyhow so this "RATE SHOPPING" was all for nothing, but one day I will want to. How can I in the future "RATE SHOP" and not damage my credit so devistatingly!!!! I almost cried when I saw my credit score plumeted 70 points over inquiries???? That is seriously the only bad thing i did, but I thought it wasnt bad to rate shop. It finally went back up the 70 points higher where it belongs!!! How can I avoid this in the future and still "RATE SHOP?
