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Does Applying for Loans Affect Your Credit Score?
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www.creditmantri.com/loans-affect-your-credit-score
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CreditMantri
shared by
coachvk97
on 15 May 20
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coachvk97
on 15 May 20
Constantly applying for loans counts as hard enquiry, which brings down your credit score. Even if you are approved for the loan, for a while your credit score will take a hit, but it can increase once you make consistent payments on your loan.
Constantly applying for loans counts as hard enquiry, which brings down your credit score. Even if you are approved for the loan, for a while your credit score will take a hit, but it can increase once you make consistent payments on your loan.
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