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Maybe the definition of a hard credit pull should be changed? It discourages people from shopping for loans since you often cant get a real interest rate quote
by mahyarm 15y ago
Maybe the definition of a hard credit pull should be changed? It discourages people from shopping for loans since you often cant get a real interest rate quote until that provider gets your credit rating themselves anyways.
- ironchef 15y agoWell...I think FICO scores should be revamped anyways, but if you're shopping for loans, from what I recall, you only get hit once per 30 days (as obviously if you're in the market for a loan, you shouldn't be negatively affected for every vendor you approach).