August 2, 2008
Don’t Forget Your Credit Inquiry Window
One of the tactics that many unscrupulous lenders use to get you into a less than desirable loan is the fear of the dreaded multiple credit inquiry. I know that I’ve experienced it myself, so I have no doubt that you have as well. But how do you counter this threat? It’s very easy once you know about your credit inquiry window.How can you take advantage of your credit inquiry window without first knowing what it is?Your credit inquiry window is the length of time that you have available for certain types of credit where the credit reporting agencies allow for several credit inquiries without any damage to your credit. In other words, if you are shopping for a car loan or a mortgage loan, the credit reporting agencies are already aware that most people shop around for these types of loans.What does that mean to you?The next time you are looking to obtain a car or home loan, you legally have up to 15 days from the first credit inquiry on that car or home loan to inquire with other lenders.You can literally have your credit pulled by 5 or 10 different lenders within that […]
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1 Comment on Don’t Forget Your Credit Inquiry Window »
August 2, 2008
Credit Crunch » Don’t Forget Your Credit Inquiry Window @ 1:54 am (Pingback)
[…] For all your credit repair needs wrote an interesting post today onHere’s a quick excerpt One of the tactics that many unscrupulous lenders use to get you into a less than desirable loan is the fear of the dreaded multiple credit inquiry. I know that I’ve experienced it myself, so I have no doubt that you have as well. But how do you counter this threat? It’s very easy once you know about your credit inquiry window.How can you take advantage of your credit inquiry window without first knowing what it is?Your credit inquiry window is the length of time that you have available for cer […]