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Erik I completely agree, but like all statistics there is a bell curve, and folks on the high end of that curve are getting a smack they don't deserve.

Actually it does take the bell curve into account and those at the top of the bell curve get a smaller ding than those at the bottom. (For the exact reasons you state, a high FICO person having one hard inquiry is less troublesome than a low FICO person with one hard inquiry.)

(It is a very detailed algorithm with lots of different "scorecards" for different segments of the population.)
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