However, within it is the statement that: "... file all your applications within a short period of time. That's because all credit inquiries made within a two-week time period are considered just one inquiry, while those made over a longer period are counted as seperate. So if you are shopping for a loan or credit-card rate, do it all at once." Is there any truth to this? I am assuming that all inquiries still show up on your credit report, but the credit score is affected differently.