Avoid Applying For New Credit While In A Credit Repair Program
If you enter into a credit repair program you want to make sure that you avoid
applying for new credit until after the process is completed.
There are a number of
reasons why this is suggested,...
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Avoid Applying For New Credit While In A Credit Repair Program
If you enter into a credit repair program you want to make sure that you avoid
applying for new credit until after the process is completed.
There are a number of
reasons why this is suggested, with the first being hard inquiries will actually lower
your score slightly, and that is counter productive when trying to improve one’s
credit score.
With the ultimate goal of repairing and raising the credit score, it is best
to take all measures to make sure that the process is not disrupted.
Also, why apply
now when the credit is damaged, when waiting until after the repair is complete and
the score is higher will most likely result in a credit approval.
Most people enter into
a credit repair service because they have bad credit and are having a difficult time
getting approved for credit cards, rentals, auto loans, and mortgages.
Plain and
simple, better credit results in credit approvals and better interest rate options.
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