Is it true that when you buy a car your score lowers?

Question

Amommyy · Answer

My bf has 2 car loans and wants to get another loan .. so I’m assuming his score is going to drop a lot

Justgotaname · Answer

If you get a loan.  😊 Because you now have a lot more debt.  But make all your payments on time and it raises back up because it shows you were trustworthy and able to make those payments!  😊

Amommyy · Answer

Does it goes up until your done with the loan?

Kayla · Answer

@mommy2.10, no within 6 months usually your credit starts raising back up

Kristin chambers · Answer

Yes

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