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New auto loan

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How many accounts do you have? What's your current AAOA? FICO 08? Need way more info.

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My score ALSO dropped a lot when I bought a new car and it took 2 years to fully recover.

 

Sometimes new installment loans will do this and sometimes it won't.

PS-the only other debt I have on my credit report is a home loan. It still tanked my score almost 35 points the day it reported.

Sometimes it happens :-\

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When your score drops that much it’s either your AAOA or something else. Need more info.

 

 

Sent from my iPhone using Tapatalk Pro

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I saw an immediate 18 point drop and took about 6 months to bounce back to previous score. Added a 3rd car recently and only saw a 1 point drop...most likely due to the inquiry. Score bounced back in 3 months. The actual drop and recovery period most likely has to do with how many accounts you have reporting as well as the average age of all of your accounts.

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