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Hi,
I bought a car in Sept and was totally financed by bank. When the Auto Agency ran my credit they ran application to like 12 banks and all of them did a hard inquiry. Though the load was approved by 5 of them but all the 12 inquiries are showing.
How will future lenders look at this, if they do a hard inquiry? In equifax the inquiry was hit 5 times. Will it be considered as one?
Will appreciate the help.
Chanduwar
In FICO scoring they should all be counted as one inquiry. As far as lenders go it could startle them a bit, but it would be easy to explain during recon. Considering it was around 6 months ago I wouldnt be too worried about it.