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3 years ago
Sun Jun 13, 2021 2:48 am
Birdman
Primer AuthorCo-Founder
Birdman has been gardening for over 2 years.
Be aware: if coded correctly, any & all hard inquiries for car loans made within a 45 day window period should only penalize you as if they were one inquiry, except on EX2, where the window period is 14 days.
This is called de-duplication, per Fico.
Additionally, if coded correctly, automobile inquiries from the preceding 30 days are also ignored. You therefore, if coded correctly, have 30 days before a loan inquiry affects your fico scores AND all car loan inquiries within 45 days (14 days for EX2) from the first loan inquiry will not cause additional score loss. See the CSP at New Credit, Buffering and De-duplication for more details.
Edited for clarity and understanding.
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- Tagline Co-Founder
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Score data
EQ8-827; TU8-817; EX8-816
EQ5-751; TI4- 800; EX2-814 - Classic 8 Scorecard CLEAN/THICK/MATURE/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/MATURE/NEW-ACCOUNT
- AoOA AoOIA 49mo AoOMA 0m
- AoORA 540 months
- Date of Last Inquiry and/or New Account Opening March 2nd, 2022