Do all CC issuers batch similar inquiries?

[SDMarik]

Right now I have 10 inquiries on my file. However, 6 of them were all the same day (pull from a dealer for an auto loan) and 3 were all together the year before for another car loan.

From my understanding, while there are technically 10 inquires there, when applying for a card issuers will view the grouped ones from the same day as one, is that accurate?

If the context helps, there is 1 each on EQ and TU and 8 on EX.

[dragontears]

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@SDMarik wrote:

Right now I have 10 inquiries on my file. However, 6 of them were all the same day (pull from a dealer for an auto loan) and 3 were all together the year before for another car loan.

From my understanding, while there are technically 10 inquires there, when applying for a card issuers will view the grouped ones from the same day as one, is that accurate?

If the context helps, there is 1 each on EQ and TU and 8 on EX.

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Short answer: no, some lenders will "view" each inquiry separately no matter what the scoring algorithm does 

[pizzadude]

Agree with the above, also will point out in some cases inquiries grouped together for FICO scoring purposes ( such as auto loan inquiries in the same day ) will still be seen individually by less sophisticated underwriting systems and can lead to unwarranted denials. 

[SDMarik]

Interesting, when signing a credit app at the dealership do I give them permission to run my credit as many times as they want? Am I able to insist they don't?

Usually it has always been one pull, or 2. This seemed like a lot.

Sorry if this is off topic for the thread, I can re-post somewhere else if necessary.

[coldfusion]

The inquiries are always seen - it's up to each individual creditor to establish their own legally allowable policies regarding how they will evaluate them.

[coldfusion]

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@SDMarik wrote:

Interesting, when signing a credit app at the dealership do I give them permission to run my credit as many times as they want? Am I able to insist they don't?

Usually it has always been one pull, or 2. This seemed like a lot.

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It's a situation where as the purchaser you have to be careful of what you agree to and/or what you stipulate.    There have been multiple members here who discovered after the fact that the dealer shopped the loan at 10+ lenders without having been forwarned that it could happen, never mind give authorization.

edited: yes you can give specific instructions to not apply at any lender, or to only shop the loan at their preferred (local bank) or captive (GM Financial, Toyota Financial, etc).   Some dealers will also pull an inquiry in their own name as part of the process so it's best to confirm if they will do that before you indicate your intent to purchase.    

[OmarGB9]

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@coldfusion wrote:

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@SDMarik wrote:

Interesting, when signing a credit app at the dealership do I give them permission to run my credit as many times as they want? Am I able to insist they don't?

Usually it has always been one pull, or 2. This seemed like a lot.

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It's a situation where as the purchaser you have to be careful of what you agree to and/or what you stipulate.    There have been multiple members here who discovered after the fact that the dealer shopped the loan at 10+ lenders without having been forwarned that it could happen, never mind give authorization.

edited: yes you can give specific instructions to not apply at any lender, or to only shop the loan at their preferred (local bank) or captive (GM Financial, Toyota Financial, etc).   Some dealers will also pull an inquiry in their own name as part of the process so it's best to confirm if they will do that before you indicate your intent to purchase.    

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A good reason to walk into the dealership with a check in hand from your preferred, preapproved bank/CU.