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Your score can drop because of various actions. Sometimes applying for a car loans with several lenders in a short period may place a credit score at a higher risk of dropping. This type of inquiry is known as a hard inquiry. A hard inquiry can impact your credit report and score for approximately two years.

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10y ago
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10y ago

Your score can drop because of various actions. Sometimes applying for a car loans with several lenders in a short period may place a credit score at a higher risk of dropping. This type of inquiry is known as a hard inquiry. A hard inquiry can impact your credit report and score for approximately two years.

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Q: When a credit report is pulled applying for car loan how many points does your score actually drop?
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How many points get taken off your credit report when credit is pulled?

Minimum 3 points - maximum 12 points.


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It can be anywhere from 1-3 points depending on how many times the credit has been pulled for unlike or like products. i.e if shopping for a car at a dealership, 1 "pull" can be shopped to as many as 12 companies to pull your credit resulting in multiple hits. each individual company can lower your credit 1-2 points.


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"Hard" inquiries generally cause deductions from 1 to 4 points per bureau pulled. "Soft" inquiries do not cause any deductions.


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On your credit report you will see a section called: Inquiries. This section will show you the organizations that pulled your credit report for the past two years.


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When you have all three credit scores pulled, most creditors look at the middle score. If you have onloy two credit scores pulled, they will use the lowest one.


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Does a company need written permission to pull your credit?

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How many credit reports for mortgage loan are pulled?

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