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can a credit inquiery for car drop score by 30 points

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in april my score was 564 i applied for a new car then my credit score dropped to 538 can this be true

Asked by DADDIO12 1 year ago Flag this Question

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I purchased a new car 4 months ago and just learned that the dealership sent out my info 18 times.. These are considered hard hits. My score starting was 614 and it climbed to 625 after 3 ontime payments but the amount of hard hits really slowed the process down. Find out how many banks they sent your application to.

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Knifejunky 1 year ago

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Yes - with a score that low, inquiries for new credit look very bad, especially inquiries for auto loans and other non-essential items.

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ryan 1 year ago

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