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 Auto Loans
Profile Image

Question By
Kidsuade

0 Contributions
0 People Helped
Once my hard inquires are dropped from my auto loans....do i get the 24 points restored????
I have had 4 hard inquires dropped from my report this month for a previous auto loan...does my credit score raise the 24 points each from the hard inquiries since they dropped for report???

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
987 Contributions
331 People Helped

Eventually. Start reading the articles here and other sites to educate yourself.

Top Contributor
7031 Contributions
1382 People Helped

You probably won't see much change. Hard Inquiries lose their punch as they age, so when gaining a Hard Inquiry the points dinged will be "face value" so to speak, but over time the Inquiries lose value and affect your scores less. By the time that they fall off, they have very little impact on your scores. Therefore, no real gain when gone. Watch your FICO scores too from time to time.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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.