Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Karma
Profile Image

Question By
davidaltman

4 Contributions
4 People Helped
Credit Karma Score Fluctuations? - Loan Shopping
My score recently was on an upswing, went from 650 - 740 in three months on Credit Karma (many 7 year items dropped off and I paid off 80% of my debts). So I decided to move forward with my loan auto refinance shopping and applied at 15-20 or so auto refinance companies within a 7 day period. As the inquiries came in, my score kept dropping daily.

Now I KNOW I can apply for 14 days (or 45 days depending on score model) and it would be treated as 1 inquiry. I also verified with my most recent bank applied to that my score is 746... Credit Karma just dropped to 708 today.

Question is: Do Credit Karma scores take into account this "Loan Shopping" credit inquiry model or is there something else I am missing that is bringing my score down the last few days?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.