Re: Law change on credit report pulls affecting score?
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Posted by Paul
(216.127.68.137) on May 17, 2004 at 23:15:45:
In Reply to: Law change on credit report pulls affecting score? posted by flmi on May 17, 2004 at 23:04:03:
From myfico.com What to know about "rate shopping." Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you’re only looking for one loan. To compensate for this, the score counts multiple auto or mortgage inquiries in any 14-day period as just one inquiry. In addition, the score ignores all mortgage and auto inquiries made in the 30 days prior to scoring. So if you find a loan within 30 days, the inquiries won't affect your score while you're rate shopping. http://www.myfico.com/myfico/CreditCentral/CreditInquires.asp?fire=1
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