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Article #5778Re: Effect of multiple credit inquiries on FICO score
From: Len
Date: Fri, 13 Feb 2004 04:40
Date: Fri, 13 Feb 2004 04:40
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2125 bytes
myfico.com clarkhoward.com cardlocator.com >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 X-Google-Attributes: gid107518,public X-Google-Thread: 106595,c45e1e130fd48e3f X-Google-Attributes: gid106595,public X-Google-ArrivalTime: 2004-02-12 20:45:05 PST From: Len <len@sonic.net> Newsgroups: misc.consumers,ba.consumers Subject: Re: Effect of multiple credit inquiries on FICO score Message-ID: <49lo20dmjc6vj3qdd5f3qrr2klu7n81fgm@4ax.com> References: <309e7c98.0402121704.2789b879@posting.google.com> X-Newsreader: Forte Agent 2.0/32.640 trialware MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Lines: 23 Date: Fri, 13 Feb 2004 04:40:33 GMT NNTP-Posting-Host: 209.148.104.19 X-Complaints-To: abuse@sonic.net X-Trace: typhoon.sonic.net 1076647233 209.148.104.19 (Thu, 12 Feb 2004 20:40:33 PST) NNTP-Posting-Date: Thu, 12 Feb 2004 20:40:33 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!news2.google.com!newsfeed2.dallas1.level3.net!news.level3.com!crtntx1-snh1.gtei.net!news.gtei.net!newsfeed1.easynews.com!easynews.com!easynews!newsfeed.hal-mli.net!feeder2.hal-mli.net!nntp.xusenet.com!feed.news.sonic.net!typhoon.sonic.net!not-for-mail