How do I avoid credit pulls?
I’ve been busy with various businesses which consistently need my credit papers being pulled. Business has been booming and the consequence is getting my papers pulled almost weekly. I own several companies and one of them has 1700 vendors that I transact with. Another company buys real estate and we are making at least 2 purchases a month. I have never missed a mortgage payment and my credit is good. How do I avoid a credit hit from these pulls? Do I need to pay cash for my real estate investment from now on? by danny522 from Boulder, Colorado. Jan 3rd 2022
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Too many credit pulls can hurt your score and has the potential of dragging your score too tow to be able to qualify for loans in general. Double check with your credit vendors (those that just want to know you are paying your bills before extending you credit or shipping merchandise) A soft-pull credit inquiry provides the same data that a traditional credit pull does, but a soft pull does not impact you credit score. See if they are willing to use soft pull reports instead, some of them are probably using soft pulls already. ~~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA.In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300
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