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How many points does credit score drop for each credit inquiry?

Hello all,

so let's say I do 4 inquiries in 6 months including, opening up new credit car, requesting line increase on existing credit cards, financing a new/used car etc..

so how many roughly does the Credit Score drop of points??

Thanks all

3 Answers

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  • Anonymous
    7 years ago

    You lose 2 points but if you have other accounts that you use regularly it goes up 5 to 10% per month providing you are paying on time

    Source(s): Retired bill collector 35 years
  • 7 years ago

    There is no set number of points that any particular activity has on your credit score. If you have a lot of information on your report and no inquiries, a single inquiry may have no effect on your score at all...if you have very little information, and a few negatives, and a lot of inquiries, one more inquiry could subtract several points.

  • 7 years ago

    You are mixing apples and oranges.

    Multiple inquiries for a car loan within a 3 to 4 week period are counted as one inquiry. A check by an existing creditor is a soft inquiry and doesn't impact your score.

    Hard inquiries only ding your score few points ... less than 5. Your score starts to rebound in 6 months and by the 12th month,it no longer impacts your FICO score. Ages off completely in 2 years.

    Despite all the commercials and "credit expert" site hoopla, hard inquiries are really not a big deal. Of all the things on your credit report to worry about, inquiries should be at the bottom of th list.

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