Creditnet Weekly Tip
Will shopping the market hurt my FICO score?
While multiple inquiries at one time for your credit report information can theoretically hurt your credit score, the fact is it probably will not drop too much. If you are searching for the best deal on a home or auto loan, it is definitely worth shopping rates with at least three lenders at one time to make sure you get the best rate available. Unlike multiple applications for credit cards, inquiries from home and auto lenders within a short period of time are generally treated as one inquiry and will have little impact on your credit score.
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