I know that applying for things alot lowers your credit score. Right now im trying to get the best rate possible so I am having my credit ran by multiple auto financing institutions. Will this hurt my credit?
Does shopping around for better interest rates lower your credit score?
Go about this a little differently. Once you know your credit scores, approach prospective lenders with this information and that part of the process completed.
Does shopping around for better interest rates lower your credit score?
What lowers your score is when an inquiry is made to your credit. When shopping around for financing make sure the dealer does not pull your credit. This will lower your score 1 to 3 points. The best thing to do is pull your own credit file and take it with you. As a credit repair specialist, I can help you fix your own credit and raise your score in 75 days or less. Let me know if I can be a help to you.
Ray Thomas
Credit Justice Services
Does shopping around for better interest rates lower your credit score?
Once you knwo your score....get pre approved by a bank/lender and then look for homes....
yes running to many inquries will get your score down
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