Skip to main content

Does refinancing affect my credit score?

H
Written by Hannah Doncits
Updated over 2 years ago

Getting a quote does not affect your credit score. The ‘soft’ inquiry that Auto Approve performs is viewable only by you (no one else reviewing your credit can see these types of inquiries) and it does not impact your credit score in any way. When you choose to move forward with refinancing your vehicle, a ‘hard’ credit inquiry will occur and appear on your credit history. This is standard practice and is generally not a significant impact on your overall credit score. The short-term impact that a ‘hard’ inquiry may have on your credit will likely be far outweighed by the long-term benefits of finding a loan with more favorable terms.

If you are experiencing issues that none of our articles has helped you solve, please contact us by clicking the button below:


USEFUL LINKS:🚀💬

Want to refinance your automobile? Get a quote now

New to Auto Approve? Please refer to getting started collections
Looking for answers to FAQ's? Please refer to Auto Approve FAQ's
See what’s new with Auto Approve? Check out our Resources
Anything related to help topics? Please visit our helpcenter

CONNECT WITH US:🌍™

Check out our Website
Follow us on Instagram
Like us on Facebook
Tweet with us on Twitter

WANT TO KNOW MORE?🔎

FAQ's
Resources
Privacy & Policy

If you'd like to know more, chat with us in the Messenger.

Did this answer your question?