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| *Ostroff, Fair and Company>>>Credit |
Refinancing car? |
I am looking to refinance my car and wanted to know if I apply to multiple companies looking for the best interest does it count as one inquiry (like when you're looking to buy a car multiple inquires in a 14 day period= ONE inquiry) on my credit report or does count as multiple inquires? i wouldn't listen to much to spiff man, if you look into refinancing you car no matter who looks, it will put an inquiry on you credit score but dont worry if you are within a few like 5 and under your credit score isnt going to change. it only changes when you start to abuse the info like trying to get a credit card then a car then a mortgage. do things one at a time and you will be fine. look into credit unions the are extremely liberal on giving loans to there customers. you only need to get an account with them and there programs are usually better than any banks anyway i.e. free checking no min. in your account etc. and they will actually have you talk to the loan processor to explain any derogatory you credit has. the are real people like you and me. hope that helps. good luck. Source(s): dealer finance manager 14+ years Auto finance is what I do for a living and that only works if a dealer is doing the submitting. If you do the looking on your own, each time you apply it will ding your score. Finance Manager for over 7-years. |
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