When someone inquire about your credit how many points does your score go down?

I just started establishing credit 3 months ago and i recently applied for a auto loan and was denied. I just want to know everytime a credit card company or a fiance company inquire or anyone inquiring about your credit how many points does your score go down. Also do anyone know of a auto loan fianace company you don't have to have months of establish credit.

When someone inquire about your credit how many points does your score go down?

10 points each inquiry in the 12 months cycle.

After 12 months cylce the points are returned.

When someone inquire about your credit how many points does your score go down?

If you do not have credit or bad credit try www.drivetime.com

they will offer you a car loan and will work with your credit. In regards to the points question. It is best to only apply for credit 3 times a year. Anything over this is looked upon and excessive inquires. Only apply for credit when you need it. If you are declined do not apply anywhere else until you figure out why you where not approved and address that issue first.

When someone inquire about your credit how many points does your score go down?

This is a great site that answers a lot of questions about buying a car and establishing credit: http://www.carbuyingtips.com/scams.htm

And yes- don't let them run your credit until they give you an estimated monthly payment. They will do their best to try and lock you into a credit check, but be careful. Too many credit inquiries does not look good on your credit report and does bring your FICO down a few points each time. Also- without telling you, they will often run your credit through several banks, so one trip to the dealership and letting them run your credit can leave 10 inquiries from 10 banks on your report.

A good idea is to never walk into a dealership to buy a car, but rather go through a website like edmunds.com, or carmax.com. The sales people who deal cars through websites such as those named above usually get paid on number of cars sold per quarter rather than each individual sale; meaning they are less likely to put a ton of pressure on you %26amp; more likely to give you a better deal.