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Posted in Auto Loans
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Question By
cmartinez0097

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Help me! Tried applying for car loan, now my dramatically decreased!
Last night I tried to apply for a car loan, just to see if I can, but in the end I was unable to because the car had 95xxx miles. It say the car can only have 75000, so I didn't get it. Now my score has dropped dramatically just because I tried getting a loan for the car! Is there anyway I can erase that I even tried getting that loan or something to fix my credit score back to what it was?

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The hard inquiry from applying for the loan was most likely the cause of your credit score dropping. The inquiry will stay on your report for 2 years, but their effect on your credit score typically lasts just 6-12 months.

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