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New car loan, question??

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C-XRS2005
New Contributor

New car loan, question??

I bought a newer car in April, I just now received the alert that "a new acct has been added" but my score stayed the same.  Is is possible that this will not change my score at all??
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2 REPLIES 2
JoeBJay20
Established Contributor

Re: New car loan, question??

Yes it's possible, it isn't set in stone that a new account will lower your score, even though it generally does in the short term.  But if there was going to be a score hit for the new account it would have happened the instant the account was added to your reports.

Message 2 of 3
Anonymous
Not applicable

Re: New car loan, question??

Many factors regarding the score changes after new accounts pop up.

 

# of new accounts <1 yr old

# of inquiries

Any accounts currently or previously past due

 

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