3 years ago

When shopping for a personal loan, why is it important to limit the amount of loan applications you submit?

1 answer:

4 0

Answer:

The best answer is actually, When shopping for a loan, do not submit too many applications. Each time you submit an application, the lender will do a hard inquiry on your credit score. Having too many hard inquiries at one time will negatively affect your credit and raise your interest rate.

this is 100% correct

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