How does shopping for a loan affect your credit?

If you’re in the market for a new home or car, you can benefit financially from shopping around among a number of lenders for the lowest interest rate. However, according to Ovation, if you’ve heard that multiple credit checks can negatively affect your credit score, you may be hesitant to approach more than one lender. Below is a quick review of what you need to know in order to enjoy peace of mind and get the best possible deal on your loan. Continue reading →