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credit score drops when pulled by multiple lenders?

fishlake
New Visitor

credit score drops when pulled by multiple lenders?

I work in the finance department for a new car dealership, and I hear different responses to this question from the banks I deal with.  We work through dealer trak software, and an application can be submitted to 6 banks at once with the click of a button.  Does someone know a formula or other information that can help me answer this question?
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