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Chances of approval for 8 hard pulls

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SuperKirby
Established Contributor

Chances of approval for 8 hard pulls

Long story short I have 8 hard pulls from buying a house, re-financing another house, re-fi student loans fall of 2020, and 2 credit cards (for airline miles). Good news is that 6 HPs will fall off this October of 2022. I am wanting to finance a car soon. $40,000 loan, and my credit union pulls Experian (where I have the 8 HPs). 

 

Other than that my credit history is pretty much solid. Score currently is 773 (EX), excellent income, credit cards debt ratio 1-9%, you know the drill. Do u think i'll get denied? or do you recommend waiting until October?

10 REPLIES 10
CloudyWeather1331
Regular Contributor

Re: Chances of approval for 8 hard pulls

I think it's best for you to wait until October to reduce the chances of you getting rejected. Smiley Happy

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Message 2 of 11
Jnbmom
Credit Mentor

Re: Chances of approval for 8 hard pulls

You should be fine to apply now. 8 inquiries from 2020 should not be an issue at all. As long as you have the income , I don't see any issues with applying now .

EXP 780 EQ 796 TU 810
Message 3 of 11
bigseegar
Established Contributor

Re: Chances of approval for 8 hard pulls


@SuperKirby wrote:

Long story short I have 8 hard pulls from buying a house, re-financing another house, re-fi student loans fall of 2020, and 2 credit cards (for airline miles). Good news is that 6 HPs will fall off this October of 2022. I am wanting to finance a car soon. $40,000 loan, and my credit union pulls Experian (where I have the 8 HPs). 

 

Other than that my credit history is pretty much solid. Score currently is 773 (EX), excellent income, credit cards debt ratio 1-9%, you know the drill. Do u think i'll get denied? or do you recommend waiting until October?


I don't see any issue with it at all really

Message 4 of 11
TRC_WA
Senior Contributor

Re: Chances of approval for 8 hard pulls

If I can get approved for a $56k loan with a less than 5% rate with 10 inqs on EX from 2020-2021 and a Ch 13 BK that had been discharged for one whole week with scores in the 640 range I'd think you'd be fine.

 

 

FICO8 current as of : 10-20-25 EQ: 736 TU: 728 EX: 722
Hard INQs last 12 months: EQ: 0 | TU: 0 | EX: 0
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 31% --- AAoA: 6.5 years --- Income: $200k
Last app: 4-6-24
Message 5 of 11
increasingmyfico
Regular Contributor

Re: Chances of approval for 8 hard pulls

 8 inquiries an hour ago wouldn't be a problem. You're fine. 


Message 6 of 11
Creditplz
Valued Contributor

Re: Chances of approval for 8 hard pulls

I got a 140k auto loan with about 29 inq.... you'll be fine tbh.

Message 7 of 11
SuperKirby
Established Contributor

Re: Chances of approval for 8 hard pulls

Creditplz, wow, what was your % rate?

Message 8 of 11
Gmood1
Super Contributor

Re: Chances of approval for 8 hard pulls

Yeah, don't sweat the small stuff. Inqs have little to do with obtaining auto loans. Just financed two vehicles through two different lenders the same week. Both just reported on my CRs this month. Didn't lose a single point. Good luck, though you don't even need it to be honest. 😉

 

As much money as banks and dealers are earning off these inflated auto prices. A family pet could probably get an auto loan right about now.🤣

 

Message 9 of 11
SuperKirby
Established Contributor

Re: Chances of approval for 8 hard pulls

@Gmood1  LOL! 

 

thanks, everyone. New car, here I come!!!

Message 10 of 11
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