Do credit inquiries affect my credit score? This is one of the most confused and commonly asked questions by consumers shopping for a mortgage. The answer to this question is yes and know. How can the answer be both you may ask? Applying for a lot of credit cards and such will result in a credit inquiry each time you apply. This will in turn result in a negative affect to your credit score. However, if you are shopping for a mortgage or an auto loan, the credit repositories realize that most people are applying with multiple companies to find the best deal out there and they will allow the consumer a 30 day window in most instances to shop around for a mortgage loan and have their credit pulled by as many mortgage companies as they want to find the best deal. All of these inquiries for a mortgage within that 30 day window (30 day window starts with first mortgage inquiry) will only count as one inquiry however for credit scoring purposes. All of the inquiries will still report to your credit report as inquiries so that you can always see who is pulling or has pulled your credit, they just simply will count as one inquiry for credit scoring purposes though.

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