How many points does your credit score go down if you apply for a car loan at the dealer and was den

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And you go to another dealer and was appoved but changed your mind about the deal?

How many points does your credit score go down if you apply for a car loan at the dealer and was denied?

The fact that your loan was denied itself does not lower your score =) BUT -- What happens is banks and businesses can query your information to offer you cards and products this is what's known as a soft-pull which means it doesn't impact your score at all since usually its either Experian or Equifax selling your info to these businesses. It's not your fault so you don't get dinged. On the other hand when you apply for loans, credit cards, or sign a waver allowing a business like a rental company or your landlord to check your credit this is what's known as a hard-pull. Hard-pulls of your credit impact your score increasingly. So initially your score won't be impacted by a few every 4 or 5 months. But if you're constantly applying for credit cards or moving around a lot and have to have your score checked then it's likely to ding ya. Not by a lot though, I would say roughly from 3 to 10 points depending on the quantity. You should really try to keep your hard-pulls down to a max of 4 or 5 per 6-month period!

When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it...

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

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How many points does your credit score go down if you apply for a car loan at the dealer and was den

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