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i do not understand the term INQUIRES for auto loans

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Anonymous
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i do not understand the term INQUIRES for auto loans

I applied for 5 different auto loans and out of the 5 inquiries i was approved for 3. I am legit rate shopping. My TU fico is 654. Now is it only going to show that one hard inquiry that I opened an account with or is it going to show all 5 inquiries with only one impacting my score. I am totally clueless

I hope after 45 days only one inquiry out of the 5 are on my report.
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gdale6
Moderator Emeritus

Re: i do not understand the term INQUIRES for auto loans


@Anonymous wrote:
I applied for 5 different auto loans and out of the 5 inquiries i was approved for 3. I am legit rate shopping. My TU fico is 654. Now is it only going to show that one hard inquiry that I opened an account with or is it going to show all 5 inquiries with only one impacting my score. I am totally clueless

I hope after 45 days only one inquiry out of the 5 are on my report.

All the individual inqs will show, Fico will pick them up as 1 if they are coded properly and they occur within a 2 week period of time.

Message 2 of 2
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