Credit score changes

Credit score changes
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After your credit score goes down from the purchase of an automobile, how long does it take to get back up to at least where it was before your purchase.


Hi aqiqah :slight_smile: Welcome to the community, and congrats on your new car!

The amount of time it will take for your score to recover can vary depending on your specific credit profile, so I can’t offer an exact answer there.

However, if you’re making all of your payments on time and in full every month (with regards to both your auto loan and any other lines of credit you have) and can avoid further hard inquiries on your credit report, your score should be about back to where it was before your purchase within a few months.


What kind of a hit did your FICO take, and on what amount was the auto loan?


Hi, aqiqah101. As Sara said, these kinds of hits are usually temporary–plus, the size of the drop can depend on the scores you’re looking at. My TransUnion VantageScore (the one we get from NerdWallet) dropped about 20 points when we applied for mortgage, while my Experian FICO 8 score barely budged. Your mileage may vary but typically the effects don’t last more than a few months, at most.


Hello You guys,

Thank you for your responses. It helps a lot. Much appreciated.


Would you mind sharing more details? Perhaps it would help others when they find themselves in this situation.