Shopping more without dropping credit score with 14 days rule

Credit inquiries will not have much impact on your score much if you are able to make all of your shopping in a shorter period of time. Suppose I make some shopping on the April 1 and the lenders will have my credit score that day. In case I make some more shopping in April month, then all those inquiries will not have an affect on my credit score. But the inquiries that are making in the past months will still be counted.

Credit inquiries that are made in 14 days period will be counted as one. Suppose you made lots of shopping from April 1 to April 14, all of those inquiries will be counted as one. And in case you spread all of your shopping from April 1 to April 28, all of those inquiries will be counted as two. So you are going to harm your credit score in case you spread your shopping to many months.

But recently 14 days period rule was extended to 45 days rule in the new version of Fico rating system. It is up to the lenders whether they want to go for 14 days rule or 45 days rule. But from the customers prospective, still 14 days rule is in progress.

There can be some situations when you have to shop at different times. But to minimize the adverse effect on your credit score, try to make all of shopping in 14 days period or less.