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We all know that the best practice to taking out a loan is to compare multiple offers against each other, but will that many inquiries on your credit hurt your scores?
So, you’re newly married and you’re worried how your spouse’s bad credit score will affect your good credit?
Consumers with problem credit thinking of applying for an auto loan need to first check their credit reports to be sure they meet the minimum in-bureau requirements of the majority of subprime lenders.
since 2006 there has been an additional credit score that auto loan applicants should be familiar with other than the well-known FICO score.
Just as it’s important to know what your credit scores are before applying for any loan, especially poor credit car loans, it’s also valuable to know how the decisions you make regarding credit will affect your FICO scores.
Fortunately, FICO just released an article that discusses some of the incorrect ideas about credit scores. Here are some excerpts from that article:
Before applying for online car loans bad credit, it’s always a good idea to check each of your credit reports. But even if you don’t think you need to, you might want to read on.
To understand your credit situation, you need to order your credit reports as well as your credit scores. To order all three of your credit reports at no charge (1 each per year), go to www.annualcreditreport.com. To see your credit scores, you’ll need to pay for and then order one from each of the three bureaus.