Quote:
Originally Posted by Kavvy
Thank you all.
So dumb question, why can't I just go to a broker and a bank and say - don't poll my credit. Assume I have good credit and give me a rate. The rate would be dependent on my credit being what I say it is.
After I am done shopping around, I pick a rate, they check my credit, if it agrees to what I said it was, I hold them to that rate.
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That's probably not necessary. Credit inquiries do affect your score for couple months and then they fall off your report in about 2 years.
Multiple credit inquiries for a credit card hurts your score but for mortgage or auto loans, they usually bundle it up as one credit inquiry if it's within short period of time to consider for rate shopping.
http://blog.equifax.com/credit/will-...-credit-score/