@Anonymous wrote:
@800goal800 wrote:
Do auto loan inquiries count as one during a certain period like mortgages ?
There is a big difference in what binning really means for a consumer.
If the auto loan inquiries are all coded correctly and done withing the limited period of time, they count as one inquiry for *scoring purposes*.
What this does not mean is that creditors count all the individual inquiries as one, they will still see all the inquiries that were done and count them individually, and can and some will hold them against you as "credit seeking".
^This x2! It seems there is a lot of false, or at least not fully informed, information on the topic of inquiries. I often hear that inquiries are combined into one and many people, including myself for a while, think that inquiries are added then removed at the end of this inquiry period and added back as one inquiry. However, that is not the case.
All inquiries remain on your account, however they will only have the scoring impact of one inquiry if coded correctly. I believe auto inquiries made within 14 days of the first inquiry will only have the scoring impact of one inquiry.
