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Article #5776Effect of multiple credit inquiries on FICO score
From: Bhoot Nath
Date: Fri, 13 Feb 2004 01:04
Date: Fri, 13 Feb 2004 01:04
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1794 bytes
I have two simple questions about credit inquries on FICO score: 1. Approximately how many points are deducted for each inquiry? (Excluding "soft" inquries, such as those for review, initiated by consumer, etc.). 2. I have read in many places that "multiple inquries within a short time period count as one". But nowhere hve I read a clarification on is considered "short time"? For example, over the past 2 years, I have refinanced 4 times (each time, zero-cost refinance). Each refinance has resulted in at least THREE credit inquries: one by the mortgage broker, one by the eventual lender (Wells Fargo, typically), and one by FreddieMac. Typically the second inquiry is about 25 days after the broker inquiry, and the FreddieMac inquiry about 10 to 15 days after the second inquiry. So, do these inquiries count as TWELVE inquiries, or as 4 inquiries?
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 107518,c45e1e130fd48e3f,start X-Google-Attributes: gid107518,public X-Google-Thread: 106595,c45e1e130fd48e3f,start X-Google-Attributes: gid106595,public X-Google-ArrivalTime: 2004-02-12 17:04:18 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!postnews1.google.com!not-for-mail From: deja_bhoot2000@yahoo.com (Bhoot Nath) Newsgroups: misc.consumers,ba.consumers Subject: Effect of multiple credit inquiries on FICO score Date: 12 Feb 2004 17:04:18 -0800 Organization: http://groups.google.com Lines: 18 Message-ID: <309e7c98.0402121704.2789b879@posting.google.com> NNTP-Posting-Host: 216.90.169.104 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 8bit X-Trace: posting.google.com 1076634258 20389 127.0.0.1 (13 Feb 2004 01:04:18 GMT) X-Complaints-To: groups-abuse@google.com NNTP-Posting-Date: Fri, 13 Feb 2004 01:04:18 +0000 (UTC)