Will it affect my credit if I apply at two different banks to see which gives me a better interest rate?
2006-08-15 09:27:37 · 2 answers · asked by bubble toes 2 in Education & Reference ➔ Higher Education (University +)
No, it shouldn't affect your credit if you apply at 2 different banks. I wouldn't recommend going nuts though & trying 10 banks or something. Be really careful..especially right now. The interest rates are on the rise. My student loans increased 4% in one year, so just beware! Good luck!
2006-08-15 10:19:13 · answer #1 · answered by Froggy 3 · 0⤊ 0⤋
I'm not sure if it would affect your credit when applying at 2 different banks but what I know is your credit score lowers when companies go through credit inquiries(when they check your credit status/info/history/etc.).
2006-08-15 10:18:02 · answer #2 · answered by deep_crawl 3 · 0⤊ 0⤋