Looking for an auto, mortgage or student loan may
cause multiple lenders to request your credit report, even though you are only looking for one loan.
And even «rate shopping,» which
causes multiple lenders to look at your credit report even though you're ultimately only looking for one loan, shouldn't have a major effect on your credit score if you secure the loan you want within 30 days.
Not exact matches
This is
caused by the
multiple negotiations between the
lenders, escrow and the Realtors.
This can be
caused by applying for credit cards too often, checking your credit score frequently, or even from checking mortgage rates from
multiple lenders in an attempt to get the best deal on your new home.