is it true that by seeking information from various lenders on good rates for a car loan or personal loan your score won't go down and you won't have multiple inquiries?
2006-12-28 10:21:30 · 8 answers · asked by sugarbaby 2 in Business & Finance ➔ Credit
The multiple inquries not hurting your score only applies to cars and home loans.
http://www.disputedemon.com/credit-score
2006-12-28 10:55:42 · answer #1 · answered by CreditScoreBooster 2 · 1⤊ 0⤋
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2016-09-26 08:49:13 · answer #2 · answered by Clint 3 · 0⤊ 0⤋
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2016-09-28 19:16:15 · answer #3 · answered by ? 3 · 0⤊ 0⤋
From the first credit check by a carloan lender until 14 days, only one inquiry shows up on your credit, no matter how many times your credit is checked.
2006-12-28 10:57:49 · answer #4 · answered by collegeray2006 1 · 0⤊ 0⤋
any lender will check your credit before giving you a loan. The more places you go to, the more inquiries you will have on your credit report.
2006-12-30 16:38:08 · answer #5 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
multiple inquires will hurt your credit bureau and stay on for 2 yrs. But if you have already had someone pull your credit you can shop for 14 days without the score changing due to excessive inquires. Auto related only this does not include credit card companies -
2006-12-28 10:30:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you actually give them your SSN, they are pulling your credit,and it counts as an inquiry. Several in a few days are better than several in a few months-- supposedly they can figure out you are "shopping" and not trying to get 12 different accounts.
2006-12-28 10:28:27 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Only if the inquiries are within a 14 day period.
2006-12-28 13:05:17 · answer #8 · answered by Mariposa 7 · 0⤊ 0⤋