Your credit score can be negatively affected by various things from late loan repayments to large numbers of refused credit card applications. (moneyexpert.com)
This means that applying for multiple loans at once can lower your credit score by a few points, which could impact the interest rate you're quoted on later loan applications. (finder.com)
A low score of 650 can be a predictor of making late loan payments, while a 550 score means you're not likely to pay at all. (rismedia.com)