- Joined
- Feb 9, 2015
- Messages
- 9
Hi everyone,
I am looking at trying to get more line of credit headroom (currently only have a 30k one) mainly for the flexibility it allows me for deals and emergency funds and I remember reading a forum post somewhere in which the person said she booked appointment with as many banks and credit unions as she could in a single day as applying for multiple loans in a row would be considered "shopping" and lessen the impact on the credit score, as well as banks wouldn't see you applied for other loans as it wouldn't have time to update. What are your thoughts? Has anyone tried to apply to several banks in the same day and if so what was the impact on your credit score? My credit score is pretty good (over 800) and I do like the approach of "trying them all" as opposed to take the first no as the answer, but I want to make sure I would annihilate my credit score by doing so.
I am looking at trying to get more line of credit headroom (currently only have a 30k one) mainly for the flexibility it allows me for deals and emergency funds and I remember reading a forum post somewhere in which the person said she booked appointment with as many banks and credit unions as she could in a single day as applying for multiple loans in a row would be considered "shopping" and lessen the impact on the credit score, as well as banks wouldn't see you applied for other loans as it wouldn't have time to update. What are your thoughts? Has anyone tried to apply to several banks in the same day and if so what was the impact on your credit score? My credit score is pretty good (over 800) and I do like the approach of "trying them all" as opposed to take the first no as the answer, but I want to make sure I would annihilate my credit score by doing so.