CC Approval Process

[AZHeather]

Just out of curiousity - When you buy a car or a house and you have several inqs pertaining to that financing, I know that they are all scored together as one by FICO (if all done in the same time period), but if you were to apply for a cc within that same year do they view all those inqs as one as well if they run your info through their own scoring system or do a manual review?

[Tuscani]

No. Credit Card Inqs (or any Inq that is not home or auto) are not de-duped (counting multiple inquiries as one)

[AZHeather]

Sorry, I do not think that I made that very clear.  Does the cc company that you are applying with view the auto or home finance inqs as one inq like FICO does?

[pizzadude]

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@AZHeather wrote:

Sorry, I do not think that I made that very clear.  Does the cc company that you are applying with view the auto or home finance inqs as one inq like FICO does?

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Not always.  Sometimes automated underwriting systems aren't sophisticated enough to recognize multiple auto/mortgage inquiries, and people have reported being declined sometimes because of it.   However many times it is an easy recon to call and explain.

[AZHeather]

That's what I thought.  Thanks Pizza!

[Anonymous]

Other problem is that the damn mortgage companies don't code their inquiries correctly.  Definitely wouldn't apply to CC that doesn't have good recon process in that next year.

[AZHeather]

I am gardening until next year, but the question came to mind when I was reviewing my report and saw all the inqs, even though I knew that they all counted as one.