How much is a credit score affected by buying a car?

Answer Your credit score is not affected at all by buying a car. What will affect a credit score is financing a car and failing to meet the payment obligations. Your payment history makes up 35 percent of... Read More »

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Is my credit score affected if someone conducts a credit search on me?

Whether a credit search--called an inquiry--impacts your credit score depends on the kind of inquiry. A "soft pull," like the ones conducted by a company seeing if you pre-qualify for a credit card... Read More »

Is your credit score affected by how many accounts you have?

On One Hand: Too Many Accounts Can Be BadYour credit score does take into consideration the number of revolving accounts that you have. If you have more than seven credit cards, your credit score w... Read More »

Is my credit score affected by the number of times it is looked at?

Checking your credit report does not lower your credit score. The only time a credit check can lower your score is when you are applying for a new credit card or a new loan, according to the Priva... Read More »

How Buying a Car Affects a Credit Score?

Since an auto loan can affect your credit score for as many as five years, it isn't something you should take lightly. Buying a car can improve your credit or harm it, depending on how well you man... Read More »