Thursday Oct 24, 2024

Understanding Credit Pulls: When Multiple Inquiries Matter

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In this episode of your daily jumpstart, I tackle the often-misunderstood topic of credit pulls and their impact on your credit score. Ever wondered when it's okay to have your credit checked multiple times without harming your score? We dive into the specifics of when multiple inquiries can be detrimental and when they are harmless.

Learn why shopping around for the same type of credit, like a car or home loan, won't hurt your score, but mixing different types of credit inquiries could. Discover how the credit bureaus view these inquiries and why they may penalize you for diverse credit requests within a short timeframe.

Empower yourself with the truth about credit pulls, and share this knowledge with your network. We've also included a handy graphic in the goodies section to help you communicate this information effectively on social media. Happy marketing, and see you tomorrow!

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Charlotte the Mortgage Gal: https://www.atlanticbay.com/charlotteharrill/

 

Check out helpful tools, training and more on my YouTube channel! https://www.youtube.com/@rechargingwithchampions 

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