How to Get Good Credit: "What about having multiple lenders compete for your loan?
Many Internet services and brokers allow you to submit one form and have up to four lenders review your credit information.
Credit agencies understand that these services may require an inquiry by 'multiple lenders' at the same time.
These kinds of inquiries, coming from multiple lenders within 20-30 days of each other, indicate that you are shopping for the best deal. Credit agencies will count these inquiries as being only one inquiry. This allows you to shop and negotiate the best deal without being penalized on your credit report."
Many Internet services and brokers allow you to submit one form and have up to four lenders review your credit information.
Credit agencies understand that these services may require an inquiry by 'multiple lenders' at the same time.
These kinds of inquiries, coming from multiple lenders within 20-30 days of each other, indicate that you are shopping for the best deal. Credit agencies will count these inquiries as being only one inquiry. This allows you to shop and negotiate the best deal without being penalized on your credit report."
