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sumastorm

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How soon will Score Recover from a new Loan added
Last month I purchased a new car. Score today took a - 15 hit from new account detected. How soon do you typically recover from new auto loan assuming payments are made on time? Thank you :)

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It's not quite so simple and straightforward.  You don't just recover X points lost over a given timeframe.  Your scores are determined based on the various factors and how they add up.  When you add a new account you reduce your AAoA and incur a hard pull.  There are other effects as well.  The hard pull generally loses its scoring impact in 1 year.  You gain a month of AAoA every month.  We really can't tell you how long or even if you will gain 15 points.

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