Sentences with phrase «weeks as a single inquiry»

Credit bureaus know people shop around for mortgages and auto loans, so they generally consider multiple hard checks performed within two to three weeks as a single inquiry.

Not exact matches

Any mortgage inquiries within a normal shopping period — which can be from two weeks to 45 days, depending on the version of the FICO score — will count as a single inquiry for scoring purposes, no matter how many applications you complete.

VantageScore counts auto loan and mortgage inquiries made within two weeks of one another as a single inquiry.)

That being said, a group of hard inquiries that appear within a week or two of each other will only count as a single hit, so your best bet is to wait until you are ready to purchase.

That's a bit different from applying for other types of credit, such as a mortgage, because if you apply for a mortgage from six different banks, say, your credit report will still just list it as a single inquiry if you do it within a concentrated period of time (like two weeks or so) since you're really just applying for a single line of new credit for that one mortgage.