My husband is shopping around for a semi truck. He has been approved through 2 lenders within the past week. We don't like the terms of these loans, but we are worried about shopping around for different financing and our credit score dropping from all the inquiries. I understand the difference between "soft" and "hard" credit pulls, and because we were approved, both of these were "hard" credit pulls where they actually looked at our entire credit report. Please help me understand!!!!
Will shopping around for different financing make our credit score drop with each inquiry?
bdancer is correct as long as they are all made within a 14-day period.
Reply:Loan shopping for cars or mortgages won't hit your score for each inquiry. They'll be lumped together.
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