How many points will this lower you're credit score?
2007-06-01 23:30:37 · 4 answers · asked by Wayne K 2 in Business & Finance ➔ Credit
there are over 1,700 items that affect your credit score -
and yep - too many hits show you are desperate for credit
how many - don't know - but yep - it does affect it
2007-06-01 23:34:14 · answer #1 · answered by tom4bucs 7 · 1⤊ 0⤋
If you're shopping for a large item...car, house...then multiple inquiries within a 2 week period can be considered as one. If you have been applying for credit cards, these will each take 2-4 points off your score, and this will affect your score for about a year.
2007-06-03 00:32:10 · answer #2 · answered by saywut 2 · 0⤊ 0⤋
Not necessarily. If they are all for a mortgage or car loan, the credit bureaus realize you are rate shopping and bundle them all together as one hard inquiry.
It should only affect your score a few points but, you probably shouldn't apply for any more loans for awhile.
2007-06-02 07:38:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hell to the yes. Way too many.
It will lower your credit score by 30 points plus.
2007-06-02 00:10:04 · answer #4 · answered by DaMan 5 · 0⤊ 0⤋