Keep in mind when shopping around for a loan or a line of credit that each application you submit impacts your credit rating. When creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted as a negative by creditors. For this reason, too many inquiries can actually make getting credit more difficult.

When comparison shopping for the best deal, keep your credit inquiries to a minimum. Remember, it is illegal for a lender to check your credit without your permission.

To make sure unauthorized inquiries do not appear on your records, check your FREE Credit Report NOW. Personal inquiries do not affect your credit rating.

Brought to you by Experian