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Possible auto loan in the future and hard inquiries

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NC84
Regular Contributor

Possible auto loan in the future and hard inquiries

I may apply for a car loan within the next 6 to 12 months. I have 6 hard inquiries on my credit report right now since last February but I wanted to apply for a few store cards. Will applying for a few more cards until then really hurt my chances or the interest rate on a car loan? Thanks

 

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SouthJamaica
Mega Contributor

Re: Possible auto loan in the future and hard inquiries


@NC84 wrote:

I may apply for a car loan within the next 6 to 12 months. I have 6 hard inquiries on my credit report right now since last February but I wanted to apply for a few store cards. Will applying for a few more cards until then really hurt my chances or the interest rate on a car loan? Thanks

 


It's best to avoid inquiries until after you get the car loan.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

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