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Will my Credit score drop if I apply for new credit? Yes, Credit score usually lose a few points (up to 5 points) after your request new credit.
If you apply for several credit accounts within a few months, multiple credit requests for your Credit Report (called "inquiries") will appear on your credit file.
Looking for new credit can increase your credit risk, but most Credit score models are not affected by multiple inquiries from auto or mortgage creditors within a short period of time. Typically, these inquiries may be treated as a single inquiry and will affect your Credit score significantly.
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