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Posted in Auto Loans
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Question By
granolacredit101

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How is it possible for all the auto loan applications in one day to individually affect your score?

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daman7

I know, crazy right? But very possible and true. Mostly negative. I don't think you would be commenting if it were a positive result. Two things to be aware of ; one is the very real point decrease for credit inquiries and second if the dealership received denials for you from banks. Both are immediate credit killers. Last be sure that the dealership does not "shotgun" your app around town. If you are not doing business with them tell them to stop "helping" you by trying to get you a loan and sell you a car.

Happy hunting

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Reply by
JohnnyRain127

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Credit denials have no influence on your credit score.

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