Posted by mindtrapu2 on December 16, 1997 at 11:15:37:
In Reply to: 11 inquiries,This is B.S.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! posted by Mike B on November 19, 1997 at 13:13:37:
: What the hell is wrong with this system?
: I purchased a car a year ago,Went to get
: a 2nd on my house,they informed me my "score"
: is to low,Due to not enough credit history and to many
: inquiries.So i had them fax me a copy of the report,And low and behold,My purchase of the
: car generated 11 inquiries!!!,some of them
: twice from the same bank.This Sucks,How am
: i supposed to build a credit history,if i cant
: get a loan?Something is wrong here.
They have sometype of law what I belive is called "shotgun" or something like that where if you have like so many inquiries from one type of lendor like a car dealership all the ones made within 21 days are concidered 'one inquire'. I'll see if I can find it and send it to you.