does filling out credit apps affect your credit?

looking to buy a bike and wanted to see what the payments might be,

so does the credit app affect you score?
 
it was my understanding that it does. every time they run a credit check on you it drops your score a bit. It is not supposed to when you are shopping for a home loan. . . but i am not sure if it works the same for auto type loans. ballpark your score, and as long as you have no bad activity, ask what the qualifications are to get certain rates. if they want your business bad enough, they will work with you.
 
as much as the want for the bike the stealership should do it for free and just keep it to them selves
 
Yes it does. I've been told that if you're going to fill out any applications for a car loan or bike loan its better to do it in the same day then have it spread out throughout a week or month. I've been told this by my bank.
 
It does affect your credit when they check your score if you're filling out multiples apps. If they decide that you're filling out too many you'll get dinged again. The good news is that the checks fall off of your credit reports in only 6 months whereas other things can take years to fall off.
 
Ask a professional!

I would think yes! I'm sure everywhere you apply a record is taken. Then it is bad if some are not approved. Maybe you get yourself a report on your credit score. For sure best would be to not use any credit cards.
 
Yes, when I first came to the USA I had a credit score of 0 because nothing from home mattered. I had a really hard time getting anyone to give me a card because I had no credit, and I couldn't raise my credit because nobody would give me any. After a few attempts, one of the reasons I started getting for rejection was "too many recent attempts."
 
Anytime you fill out an application for something credit-wise it takes your score down a few points. You should only do credit apps when absolutely necessary, and only every 6 -12 months. A couple a year won't hurt you as much as a couple in 6 months time will.
 
I used to be a realtor. Yes it does. But like it was said above, you can minimize this by not spreading it out over months and months and numerous places. Don't get your credit checked until you're ready to buy and it won't be a big deal. The reason this is different for a big ticket item like a house is because this credit check needs to be done first to make sure one can afford it. Otherwise, a lot of people waste a lot of time.
 
If you are set on buying this particular bike from a certain dealer, then a credit check won't do you any harm. OTOH, if you go to several dealers and they all run credit checks on you, then yes, your credit rating will suffer.

I'm really sick of these fucking credit companies and their bullshit tactics. Just another way to screw you with higher rates and fees.
 
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