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Posted in Auto Loans
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Question By
HenLou

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Score drop for auto loan?
I have 4 auto loans. How must could my score drop it I get an additional car?

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Top Contributor
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You will get a Hard Inquiry, lower the "average age of accounts" and add debt. All will cause score decreases. By how much, I am not sure, every credit profile is different. I am assuming that you are making some pretty good money to afford this many car loans, but keep in mind that "debt to income ratio" can cause problems with loans as well.

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