Applying For Loans? Take Caution
One very easy way to hurt your credit is by applying for loans. You want to AVOID large numbers of inquiries on your credit report, particularly if you have few accounts or a short credit history. Every inquiry for financial purpose lowers your credit score by 5 points. Those 5 points that you lost, will be lost for 2… years. It adds up and very quickly.
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Applying For Loans? Take Caution
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