Posts tagged ‘free fico score’

In the process of obtaining any loan, the lenders are going to check your FICO Score.

There is alot of concern out there that by shopping around for the best price on car financing will hurt your credit. That is untrue. According to MyFico.com, “most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.” The lenders know that you aren’t going to take all the car loans you apply for, and you shouldn’t be punished for doing your homework to find the best rate available for you. That should actually be considered a good thing. This time period for loan shopping and how it is considered 1 inquiry is typically 3o days.

There are many places to get a credit report, but unfortunately, that only shows you your credit history. Lenders will definitely look at your credit report, but more importantly, they will want to know what your Credit Score is. Our partner is offering that valuable Free Credit Score you should be looking for, in addition to a self credit improvement feature.