One more question (Hard Pulls)

[betterdays2011]

If you are auto and auto loan shopping, how do multiple hard pulls impact credit score.  I have read here that multiple HPs for an auto loan in one month from the same credit bureau count as one HP?  But if the lenders pull from three bureaus, would that count as three?  I think I saw someone here had 15 HPs initiated by one dealership and another had 10-15 and no approvals.

Iam weighing how to approach this process. And what if something happens where I get financing through one dealership but I don't like the fnancing?  How would that look to another lender if I apply for another loan within that 30 day period?   Thanks in advance.

[MakeItAMudLight]

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@betterdays2011 wrote:

If you are auto and auto loan shopping, how do multiple hard pulls impact credit score.  I have read here that multiple HPs for an auto loan in one month from the same credit bureau count as one HP?  But if the lenders pull from three bureaus, would that count as three?  I think I saw someone here had 15 HPs initiated by one dealership and another had 10-15 and no approvals.

Iam weighing how to approach this process. And what if something happens where I get financing through one dealership but I don't like the fnancing?  How would that look to another lender if I apply for another loan within that 30 day period?   Thanks in advance.

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The pulls will still show up individually on whatever bureaus they pull.  If they pull all three you will have at least one on all three.  The scoring models don't usaully count the multiple pulls against you but it can require explaing on a manual review.  I would try to get pre-approved before going into the dealer and athen sk that they only pull from people they think they can get you done from.  Have them look at your credit first and discuss before just shotgunning it all over town.