Dinging my credit score.......

Anonymous · ‎07-18-2007

I am currently shopping for a Home Loan and I was told that I can have as many people pull my credit report within 14 days and it will only count as one "ding" against my credit score. Is there any truth to this? I have never heard of this before.

MidnightVoice · ‎07-18-2007

Multiple auto inqs or multiple mortgage inqs in a 14 day period would each be reported, but should be scored each as one inq in terms of tour FICO score

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎07-18-2007

So it's as I thought --- if they shop my loan to ten people and each of them pull my credit.. then that shows as 10 and it will affect my credit score?

That lying' ^@#&#*#(*

MidnightVoice · ‎07-18-2007

It shows as ten, but only 1 counts against your score. The other 9 are free

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎07-18-2007

ohhhh.. so he wasn't lying after all. So is this 14 day rule something new or I was never aware of it?

Anonymous · ‎07-18-2007

But the INQs still stay there... CC turndowns can come as the result of to many INQs...

FICO score is not impacted the same as 10 INQs from 10 different CCCs but approvals for other credit can certainly be impacted.

Rob

Anonymous · ‎07-18-2007

Ok, thanks for the info.