Note On Multiple Credit Inquiries From Experian: When shopping for a car, it is common for auto dealers to submit your information to multiple lenders in an effort to find the lowest interest rate and most favorable loan terms. This practice allows you to benefit from lenders competing for your business. The same practice is used for mortgage lending. Each time your credit report is reviewed by a different lender, an inquiry will appear showing who accessed the report and for what purpose. Auto loan and mortgage inquiries made within a short period of time will only be counted as one inquiry when calculating your scores.