- What is the best way to get a home loan years after filing for bankruptcy and how do I clear my Credit report?
- Does a home equity loan affect your credit?
- how much does it hurt your credit to be ran for a home loan pre approval letter?
- applied for a cal vet home loan, need a fico of 620 i have my 3 credit report scores…how do i get my fico ?
Will 13 enquiries on my credit report affect my home loan pre approval?
31
May
chaddyb
May 31, 2010 at 2:47 pm
having a lot of inquiries can hurt your credit. however, if all of the inquiries occurred during a very short period of time, then it will not hurt you. the lenders will assume that you were shopping around for the best deal, and that is normal.
Flip
May 31, 2010 at 3:21 pm
yup every inquiry knocks off points from ur credit score….they may over look them if they are just inquiry and not open loans/charge accounts
C M
May 31, 2010 at 3:38 pm
It could. The more people that look at your credit report the worse it is for you. So try not to have too many people look.
Jarrett E
May 31, 2010 at 4:30 pm
Only “hard” hits harm your score. Hard hits are the inquiries that you initiated. “Soft” hits are the hits that show up from pre-approved credit card offers and things such as that. It also depends on what type of credit line was applied for. Each credit card will count as one hit each while all hits for auto and home loans within a 14 day period count as one hit. It will usually take off around 3 points per hit. Keep in mind that each month that passed the affect they have should be dwindling as you keep you accounts current.