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What else can I help you with?
Does applying a payday loan harm your credit score?
Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.
How might one qualify for an auto loan with bad credit?
One might qualify for an auto loan with bad credit by applying for dealer financing. It is best for one to know their credit score before applying for an auto loan.
Does checking your fico score lower your fico score?
if you check it wount lower your score. If you are applying for a loan and multiple people pull your credit it will drop some.
How many points does your credit score drop after a collection?
While there's no definitive answer with respect to how many points your credit score may drop after a collection, a collection account is a clear indication that a loan, credit card or retail card was not repaid and payment history is one major contributing factor to your credit score. This can have a negative impact on your credit score.
Why are you required to answer questions when applying for a loan?
They have to establish if you are credit worthy
Why would applying for a loan lessen your credit rating?
It adds an inquiry to your credit profile.
What are the alternatives available to you when applying for a cash loan when you have a bad credit record?
One alternatives available to you when applying for a cash loan when you have a bad credit record is having a co-signer. Also one can get a Peer to Peer loan.
Does your credit score drop after cosigning on a loan due to the amount of the loan?
Yes.
When a credit report is pulled applying for car loan how many points does your score actually drop?
Your score can drop because of various actions. Sometimes applying for a car loans with several lenders in a short period may place a credit score at a higher risk of dropping. This type of inquiry is known as a hard inquiry. A hard inquiry can impact your credit report and score for approximately two years.
Should you apply for a credit increase before or after applying for a vehicle loan?
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
Will applying for a loan have an impact on my credit score?
Yes, applying for a loan can have an impact on your credit score. When you apply for a loan, the lender will typically perform a hard inquiry on your credit report, which can cause a temporary decrease in your credit score. It's important to be mindful of how many loan applications you submit, as multiple inquiries within a short period of time can further lower your score.
Where can I get a goverment loan?
You can get a government loan by applying a loan through a bank. To get a loan, you must have a good credit score and you must have a logical reason to use this loan.
