Why do hard pulls on your credit make it go down?
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This is because hard inquiries are typically coupled with or a sign of an application for new credit. This can be a new credit card, new installment loan (auto loan, personal loan, etc) or something else.
As a person submits more applications for new lines of credit, they are viewed as a riskier borrower by lenders and credit scoring companies, thus dropping your credit score.
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