Will My Fico Score Drop If I Apply For New Credit? - CREDIT SCORE

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CREDIT SCORE: Will my fico score drop if i apply for new credit?


If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple inquiries will appear on your report. Looking for new credit can equate with higher risk, but most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.

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