Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

karla e asked in Business & FinanceCredit · 10 years ago

How many credit applications are too many? ?

I've filled out 2 already today bc I'm trying to get a car loan. Can I still fill out a couple more or should I stop? I don't want to hurt my credit!

Thanks!

2 Answers

Relevance
  • 10 years ago
    Favorite Answer

    In the cases of car loans and mortgages, the hard inquiries generated by multiple credit applications is consider as just one as long as you do all the applications within a couple weeks. It is obvious that your are loan shopping and not buying multiple cars or homes.

    Source(s): BD
  • 10 years ago

    One is too many. You have already hurt your credit. Applying, even once, hurts your credit.

    However, since the damage is already done, you might as well apply some more. If the applications are all for car loans and they occur within a short period of time, then applying more times does not hurt your credit more than applying fewer times.

Still have questions? Get your answers by asking now.