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Refinanced Auto Loan - EXP Score drops 11 points

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Anonymous
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Refinanced Auto Loan - EXP Score drops 11 points

Yeah, I don't get it.

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1 REPLY 1
MarineVietVet
Moderator Emeritus

Re: Refinanced Auto Loan - EXP Score drops 11 points


@Anonymous wrote:

Yeah, I don't get it.


Hello and welcome to the forums.

 

A refinance is scored just like a new loan. You get a small ding for a new inquiry, a new account reporting, and a posssible lowering of your AAoA.

 

The good news is after about six months or so the "newness" begins to wear off.

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