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Tag: #LoanShopping
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Introduction: The Used Car Dealership Conundrum When it comes to buying a used car, financing can be a bit like navigating a maze. Customers often worry, “If I apply to too many lenders, will it wreck my credit?” Fear not! It’s a common concern, but applying to multiple lenders actually increases the chances of getting…
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Frequently Asked Questions Frequently Asked Questions (FAQ) for Used Car Customers Will submitting applications to multiple lenders hurt my credit score? Answer: Not at all! As long as you submit your applications within a 14-45 day period, they’ll only count as a single inquiry on your credit report. Lenders understand that you’re shopping for the…