How many points will my fico drop with 7 recent hard inquiries on my credit report? I was told 2 or 3 points ?

Answer 1

Hard credit inquiries are 2 points each with a max of 15 points per month

Answer 2

It really depends on what your credit is like.

If you have a thin file - short history, few good accounts, etc. you will probably be hit fairly hard from the inquiries.

If you have a good file - long history, many good accounts, etc., you will probably only lose a couple points for each inquiry.

If more than one inquiry is from the same creditor, that creditor may merge the inquiries into just one.

Answer 3

Maximum of 15 points in one month.