Why Your New Car Loan Dropped Your Score (And Why That's Normal)

You bought a new car, made your first payment on time, and your credit score dropped 20 to 30 points anyway. What went wrong? Nothing. Harry Jacobs explains the two-part reason every new auto loan temporarily drops your score — the hard inquiry and the new account impact on your average credit age — and more importantly, why the score almost always fully recovers and surpasses its starting point within six to nine months. Including a teacher whose score went from 740 to 718 after a car purchase, and 753 eight months later. Learn what not to do during the recovery period and why making reactive changes is the only thing that can actually make the situation worse.If you would like a free consultation with Harry Jacobs at Credit Restoration of Nevada, text CREDIT or call 702-778-2000. You may also visit us online at TheCreditShow.info#CarLoan #AutoLoan #CreditScore #CreditRepair #NewCredit #FICO #CreditReport #PersonalFinance #FinancialLiteracy #TheCreditShow #HarryJacobs #CreditRestoration #LasVegas #BuildCredit #CreditTipsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.